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

Real Estate

30 Jul 2026

AI: The New Recruit

From getting ideas to evaluating designs, presenting concepts to clients and tracking projects, artificial intelligence (AI) is helping architects work better and faster.“AI allows architects to spend more time doing what only they can do: think critically, synthesise complexity and design with intent,” says Dikshu C Kukreja, Managing Principal, CP Kukreja Architects. “Every minute reclaimed from repetitive processes can be invested in creativity, contextual understanding, interdisciplinary collaboration and innovation – the qualities that define meaningful architecture.”To read the ..

Redevelopment 2.0

In 2017, Mumbai identified 160,000 ageing buildings due for structural audit. Close to half of these were in the Western Suburbs. Redeveloping the oldest and structurally weakest of these would help unlock new housing, much needed given the city’s growing population density and constant developed area of 437.7 sq km. At 30,600 people per sq km in 2024, Mumbai’s density was almost thrice that of Gurugram, and 60 per cent higher than Bengaluru’s.Essentially, Mumbai’s realty market has demand. It has capital. It has realty development potential.Fast forward to 2026. Mumbai has 1,094 regis..

Cost intelligence will become a strategic contributor to project success

As India's construction industry accelerates its digital transformation, integrated platforms, AI and connected data are becoming essential to improving cost certainty, project efficiency and sustainability. Ravi Kumar, Sales Director – India, RIB Software India, shares how digital workflows are reshaping project planning, commercial management and decision-making across the construction value chain.India's construction sector is embracing digital technologies at an unprecedented pace. From your perspective, what are the biggest shifts driving this transformation and how is RIB Software enab..