The real Hyundai Motor stands up at battery PLI pre-bid round
The participation of the South Korean company is notable because a similarly named Hyundai Global Motors had got sops for setting up a 20 gigawatt hour (GWh) capacity in the earlier PLI auction round for ACC batteries, held in January 2022. It was eventually concluded that this was a case of impersonation and that Hyundai Global Motors had used fake documentation while bidding.
Tags : battery PLI reliance Hyundai Motor pre-bid round production-linked incentive advanced chemistry cell Reliance Mahindra JSW hyundai amara raja rajesh exports exide
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