Land acquisition completed for 40 GWh battery capacity
after close1 source ↓written by the desknot a recommendation
- of manufacturing capacity
- 40 GWh
- total outlay
- ₹18,100 cr
- of domestic battery
- 50 GWh
- has been commissioned
- 1 GWh
Land acquisition for 40 GWh of manufacturing capacity under India's PLI ACC scheme has been completed, as confirmed by the Ministry of Heavy Industries. This scheme, with a total outlay of ₹18,100 cr, aims to establish 50 GWh of domestic battery production capacity. Currently, only 1 GWh has been commissioned by Ola Electric, highlighting the need for further progress.
Not investment advice. For informational purposes only.