Production of advanced chemistry cell batteries in the country likely to start by January 2024
The government had approved the PLI (production linked incentives scheme) for the manufacturing of ACC (Advanced Chemistry Cell) batteries, at an estimated expenditure of Rs 18,100 crore.
By Autocar Professional Bureau
3739 Views
The production of the first set of advanced chemistry batteries in India is slated to begin by January 2024, as per Union Minister Mahendra Nath Pandey.
The government had approved the PLI (production linked incentives scheme) for the manufacturing of ACC (Advanced Chemistry Cell) batteries, at an estimated expenditure of Rs 18,100 crore.
The Minister of Heavy Industries said at the 63rd SIAM annual convention, that in December this year or January next year, they would see the start of manufacturing of ACC batteries in the country.
Currently, the demand for ACCs is being met by imports. The minister said that the government had been coming up with various policies such as the PLI and FAME to bolster the industry, adding that the Rs 25,938 crore PLI scheme for the auto sector was well received by the industry.
He said that after talking to the industry, the government had extended the scheme by one year.
RELATED ARTICLES
Mahindra Doubles Tractor Growth Forecast to 22-24% for the Fiscal
Shahkar Abidi
11 Feb 2026
The upward revision comes on the back of a strong third quarter in which M&M reported a 23% jump in tractor volumes, sel...
Can Switch Mobility Build a Moat in India’s Cut‑Throat E‑Bus Market?
Shahkar Abidi
11 Feb 2026
Ashok Leyland commands around 40% share in India’s bus market, and is using that base to push electrification.
Ashok Leyland Rides GST Tailwinds to Record Q3 Profit
Shahkar Abidi
11 Feb 2026
The recent GST rationalization acted as a necessary thrust at the start of the quarter, providing a multi-pronged boost ...
