Reliance Industries wins 10-GWh ACC battery production bid under India's PLI scheme.

Reliance Industries Ltd (RIL) has won a bid for a 10-GWh Advanced Chemistry Cell (ACC) battery production unit under India's Production Linked Incentive (PLI) scheme, aimed at enhancing local manufacturing and reducing import reliance. The Ministry of Heavy Industries selected RIL among seven bidders, with a budget of ₹3,620 crore (approximately $434.4 million). This initiative supports India's goal of increasing electric vehicle adoption from 2% to 30% of car sales by 2030.

September 04, 2024
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