Govt. to re-auction of PLI for batteries soon
The Indian government will re-auction the performance-linked incentives (PLI) for 20 GW advanced chemistry cell (ACC) battery manufacturing, following the allocation of the capacity to Hyundai Global Motors, which was found to be impersonating Hyundai Motor. Estimated incentives of INR 7,240 crore will be offered under the INR 18,100 crore PLI scheme disbursed over five years.
Tags : PLI scheme acc reliance rajesh exports rajesh exports hyundai global motors acc ola electric mobility performance linked incentives advanced chemistry cell
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