Reliance, Ola Electric win incentives in $2.4 billion battery scheme – EQ Mag Pro
Reliance Industries and Ola Electric will receive incentives under government’s $2.4-billion programme to boost local battery cell production after winning a tender, four sources said.
The winning bidders also include Hyundai Global Motors Company and jewellery maker Rajesh Exports, the sources said.
The Indian government last year finalised a programme to encourage companies to make battery cells locally as it seeks to establish a domestic supply chain for clean transport and renewable energy storage.
Source: Reuters
