India Storage Alliance seeks GST reduction on batteries, charging infra
POWER & RENEWABLE ENERGY

India Storage Alliance seeks GST reduction on batteries, charging infra

The India Energy Storage Association (IESA) has called upon the government to lower the goods and services tax (GST) on batteries, electric vehicles charging infrastructure services, as well as battery swapping. In preparation for the India Energy Storage Week 2024 (IESW) scheduled in New Delhi from July 1-5, 2024, the IESA has submitted a wishlist to the government, proposing an expansion of production-linked incentive (PLI) schemes for battery components and the battery raw materials processing industry, according to a statement.

IESA President Rahul Walawalkar expressed, in a statement, "The current GST rate on lithium ion batteries is 18 per cent and for other batteries, it is 28 per cent. We propose that all batteries should fall under the 18 per cent GST bracket. Additionally, we recommend reducing the GST for charging infrastructure services and battery swapping services to either 5 per cent or 18 per cent, down from the current 28 per cent."

He commended the government for initiatives like advanced chemistry cell battery (ACC-PLI), Auto-PLI, and Auto Components PLI, among others. He further suggested expanding PLI schemes to include battery components and the processing industry for battery raw materials, supporting initiatives for battery recycling, and fostering collaborations with international partners to secure critical raw materials.

IESA emphasized the importance of continuing incentives for deploying large-scale battery storage systems and supporting research and development to improve performance and reduce costs in this sector.

Addressing the challenges in the electric vehicle market, IESA highlighted the need for additional support to overcome barriers such as inadequate charging infrastructure and high initial costs.

The recommendations also stressed the importance of streamlining regulatory processes and providing clear guidelines for clean energy projects to facilitate faster implementation and reduce uncertainties for investors. Access to affordable financing remains a significant obstacle for clean energy projects, necessitating innovative financial mechanisms and incentives to encourage private sector participation.

The statement underscored the need for increased focus on research and innovation to drive down costs and enhance the efficiency of clean energy technologies. It noted that public-private partnerships could play a crucial role in advancing these objectives.

The India Energy Storage Association (IESA) has called upon the government to lower the goods and services tax (GST) on batteries, electric vehicles charging infrastructure services, as well as battery swapping. In preparation for the India Energy Storage Week 2024 (IESW) scheduled in New Delhi from July 1-5, 2024, the IESA has submitted a wishlist to the government, proposing an expansion of production-linked incentive (PLI) schemes for battery components and the battery raw materials processing industry, according to a statement. IESA President Rahul Walawalkar expressed, in a statement, The current GST rate on lithium ion batteries is 18 per cent and for other batteries, it is 28 per cent. We propose that all batteries should fall under the 18 per cent GST bracket. Additionally, we recommend reducing the GST for charging infrastructure services and battery swapping services to either 5 per cent or 18 per cent, down from the current 28 per cent. He commended the government for initiatives like advanced chemistry cell battery (ACC-PLI), Auto-PLI, and Auto Components PLI, among others. He further suggested expanding PLI schemes to include battery components and the processing industry for battery raw materials, supporting initiatives for battery recycling, and fostering collaborations with international partners to secure critical raw materials. IESA emphasized the importance of continuing incentives for deploying large-scale battery storage systems and supporting research and development to improve performance and reduce costs in this sector. Addressing the challenges in the electric vehicle market, IESA highlighted the need for additional support to overcome barriers such as inadequate charging infrastructure and high initial costs. The recommendations also stressed the importance of streamlining regulatory processes and providing clear guidelines for clean energy projects to facilitate faster implementation and reduce uncertainties for investors. Access to affordable financing remains a significant obstacle for clean energy projects, necessitating innovative financial mechanisms and incentives to encourage private sector participation. The statement underscored the need for increased focus on research and innovation to drive down costs and enhance the efficiency of clean energy technologies. It noted that public-private partnerships could play a crucial role in advancing these objectives.

Next Story
Infrastructure Urban

DCPC Prepares for Special Campaign 5.0 with Focus on E-Waste

The Department of Chemicals and Petrochemicals (DCPC), Ministry of Chemicals and Fertilisers, is gearing up for Special Campaign 5.0, to be held from 2nd to 31st October 2025. The initiative will focus on e-waste disposal as per MoEFCC’s E-Waste Management Rules 2022, space optimisation, and enhancing workplace efficiency across field offices.Special Campaign 4.0, conducted between October 2023 and October 2024, delivered notable results in record management, grievance redressal, scrap disposal, and cleanliness drives.Key outcomes of Special Campaign 4.0Records management: 2,443 physical fil..

Next Story
Real Estate

BlackRock India Leases 1.4 Lakh Sq Ft in Bengaluru

BlackRock Services India, the domestic arm of global asset manager BlackRock, has leased 1.4 lakh sq ft of office space at IndiQube Symphony in Bengaluru, according to Propstack data. The 10-year deal is valued at around Rs 4.10 billion.The lease, among the largest transactions in India’s co-working sector, highlights the growing preference of global institutions for flexible office providers. The agreement, commencing October 1, 2025, covers ground plus five floors in KNG Tower 1 at Ashoknagar, MG Road — one of Bengaluru’s prime commercial hubs.As per the lease document, BlackRock will ..

Next Story
Infrastructure Transport

L&T Bags Rs 25–50 Bn Order for Mumbai-Ahmedabad Bullet Train Track Works

Larsen & Toubro’s (L&T) Transportation Infrastructure business has secured an order valued between Rs 25 crore and Rs 50 billion from the National High Speed Rail Corporation Limited (NHSRCL) for the Mumbai-Ahmedabad High Speed Rail (MAHSR) corridor.The contract, Package T1, involves the design, supply, construction, testing, and commissioning of 156 route km of high-speed ballastless track on a Design-Build Lump Sum Price basis. The stretch runs from Mumbai’s Bandra-Kurla Complex to Zaroli village in Gujarat and includes 21 km of underground track and 135 km of elevated viaduct.Se..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?