Reliance, Mahindra bid for incentives under India’s battery scheme

17 Jan 2022 CW Team

Reliance Industries, Hyundai Motor Company, and Mahindra & Mahindra (M&M) are among the firms which have submitted bids for incentives under the government's Rs 18,000-crore billion battery scheme.

In 2021, India finalised an incentive program to promote firms to pump in the local production of batteries since it plans to set up a domestic supply chain for clean transport and build storage for renewable energy.

The deadline to present the technical bids is Friday. Ola Electric, Larsen & Toubro and Amara Raja and Exide have additionally presented proposals.

In five years, India wants to set up a total of 50 gigawatt-hours (Gwh) of battery storage capacity and anticipates a direct investment of nearly $6 billion.

To be eligible for the incentives, firms must install at least 5 Gwh of storage capacity and meet specific local content requirements, all of which would need a minimum investment of over $850 million.

About 10 firms have presented bids totalling close to 100 Gwh.

India was additionally promoting global firms like Samsung, LG Energy, Tesla Inc, Northvolt and Panasonic to fund.

Clean auto technology is a fundamental part of India's plan for decreasing pollution in significant cities and lowering oil dependence.

But electric vehicles (EVs) presently make up a fraction of total sales in the nation largely because of their high cost as batteries are imported.

The South Asian nation requires electric cars to make up 30% of private car sales by 2030 and for electric motorcycles and scooters to make up 40% of such sales, pushing demand for batteries which presently add approximately 35% to 40% of the total vehicle cost.

Image Source

Also read: Amara Raja Batteries to invest in InoBat Auto for e-mobility

Resources

03 Jun 2026

Jyoti Structures Launches Heat Safety Drive Across Sites

Jyoti Structures (JSL) has strengthened heat safety measures across its project sites and manufacturing facilities as temperatures rise across India. The company has implemented a Summer Safety Plan covering all transmission line projects to address risks related to heat stress, dehydration and worker fatigue.The initiative includes rescheduling work away from peak afternoon temperatures, provision of drinking water, ORS and lemon-salt solutions, and installation of rest shelters near work areas. Daily toolbox talks, worker health monitoring, first-aid preparedness, emergency transport arrange..

MHADA Declares 82 Buildings Most Dangerous in Central and South Mumbai

The Maharashtra Housing and Area Development Authority (MHADA) has declared 82 buildings as most dangerous across Central and South Mumbai and has appealed to residents to vacate immediately. The list, prepared after structural assessments by the authority, identifies buildings judged to pose imminent risk to occupants and to passersby. Local civic bodies have been asked to coordinate evacuations and to make arrangements for temporary shelter and rehabilitation for displaced households. Officials said the authority prioritised buildings with visible structural distress, severe cracking, tiltin..

Damage Reported At Halwara Airport Terminal After First Rains

Severe damage was reported at the terminal of Halwara Airport during the first major rain spell of the season, prompting immediate concern among aviation and local authorities. Images from the site showed water ingress and visible deterioration of the terminal interior, affecting passenger areas and ancillary services. The airport authority suspended certain operations temporarily to assess structural safety and ensure passenger wellbeing. Preliminary inspections have prioritised electrical systems and roof seals to prevent further water ingress. State aviation officials ordered a formal inqui..