Indian Oil Corporation and Panasonic Group form joint venture to manufacture lithium-ion batteries in India for EVs and energy storage.

Indian Oil Corporation (IOCL) and Panasonic Group are forming a joint venture to manufacture lithium-ion batteries in India. The partnership aims to cater to the growing demand for batteries in electric vehicles and energy storage systems. The two companies are engaged in a feasibility study to facilitate the transition to clean energy and improve India's self-reliance in the global energy landscape.