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Reliance New Energy Solar, Ola among firms selected for PLI scheme

The selected companies which include Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors Co will receive incentives under India's Rs 18,100 crore-programme for local production

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Shally Seth Mohile Mumbai
Reliance New Energy Solar, Ola Electric Mobility, Hyundai Global Motors, and Rajesh Exports are among four firms that have been selected for the production-linked incentive (PLI) sch­eme for advanced chemistry cell (ACC) battery storage.

According to a statement released by the Ministry of Heavy Industries on Thu­rsday, the selected firms will receive incentives under India’s Rs 18,100- crore programme to boost local battery cell production.

The five firms that unsuccessfully bid for the scheme — Mahindra & Mahindra, Larsen & Toubro, Amara Raja Batteries, India Power Corp, and Exide Industries — are placed under a waiting list.

The selected companies will have to

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First Published: Mar 24 2022 | 9:49 PM IST

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