Government kickstarts process to select companies for cell-making PLI scheme
The Indian government has restarted the process of selecting companies for its production-linked incentives scheme for advanced chemistry cells (ACC) to subsidise up to 20 GWh of battery cell making capacity, after Hyundai Global Motors was disqualified for misrepresenting itself. This provides an opportunity for nearly a dozen other companies, including Mahindra & Mahindra, Exide Industries and Larsen & Toubro, who had been waitlisted to apply for the scheme afresh.
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