Maruti Suzuki plans localisation for battery production
pre-market1 source ↓written by the desknot a recommendation
- Production Linked Incentive
- ₹25,938 cr
Maruti Suzuki India aims to enhance localisation of battery production and critical components to strengthen its electric vehicle (EV) ecosystem. Currently, the company does not qualify for the ₹25,938 cr Production Linked Incentive (PLI) Scheme due to insufficient domestic value addition. The phased localisation plan is expected to boost EV adoption in India.
Not investment advice. For informational purposes only.