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The Heavy Industries Ministry has initiated a reauction for 10 Gigawatt hours (GWh) of production-linked incentives (PLI) dedicated to Advanced Chemistry Cell (ACC) manufacturing, specifically for Electric Vehicle (EV) batteries. The incentives, amounting to a budgetary outlay of ₹3,620 crore, aim to support the establishment of battery manufacturing capacity. Another round of bids will be conducted for an additional 10 GWh of incentives intended for stationary battery applications, such as renewable energy storage and power management.
Prospective applicants can submit bids to set up domestic manufacturing facilities for ACC, making them eligible for incentives under the scheme. The bidding process will be conducted online through a two-stage process using the Quality and Cost Based Selection (QCBS) mechanism. In 2022, the government granted PLI support for the establishment of 30 GWh of ACC battery manufacturing capacity by 2030. Ola Cell Technologies secured the majority with a capacity of 20 GWh, while ACC Energy Storage (bid as Rajesh Exports) and Reliance New Energy Battery Storage received incentives for 5 GWh each. The government anticipates that PLI incentives will contribute to the creation of 95 GWh of battery manufacturing capacity by these three players.
It is noteworthy that the 20 GWh PLI capacity being reauctioned was initially allocated to Hyundai Global Motors, a company suspected of impersonating the South Korean firm Hyundai Motor Co.
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