Government Approves Rs. 18,100 Crore Towards Production Linked Incentive To Promote ACC Battery Manufacturing

The government has approved the Production Linked Incentive (PLI) scheme for manufacturing advanced chemistry cell (ACC) battery at an estimated outlay of Rs 18,100 crore. The objective not only promotes the Make in India initiative but also is an attempt to bring down the price of the battery pack which is used in cars, thereby helping carmakers make electric vehicles more localised and therefore affordable.

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