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Four companies including Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited, Hyundai Global Motors Company Limited and Rajesh Exports Limited, have been selected to receive incentives under the government's Rs 18,100 crore Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, the government said on Thursday.
Get latest articles and stories on Business at LatestLY. Four companies including Reliance New Energy Solar Limited, Ola Electric Mobility Private Limited, Hyundai Global Motors Company Limited and Rajesh Exports Limited, have been selected to receive incentives under the government's Rs 18,100 crore Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage, the government said on Thursday. Business News | Four Firms Selected for Rs 18,000 Crore PLI Scheme for ACC Battery.
Ola Electric is set to receive incentives under India's $2.4 Bn programme to boost local battery cell production after winning a tender.
These companies bid a total capacity of 130 Gwh under the scheme.