India, Jan. 22 -- India's battery manufacturing initiative under the ACC PLI scheme has achieved only 2.8% of its target.

Despite initial investment promises, actual progress is slow, with only Ola Electric commissioning capacity.

The scheme's objectives remain largely unmet, with no incentives disbursed and job creation far below expectations.

India's flagship incentive programme to build domestic battery manufacturing has delivered just 2.8 per cent of its targeted capacity, highlighting deep structural and policy bottlenecks in the country's clean mobility supply chain, according to a new report by the Institute for Energy Economics and Financial Analysis (IEEFA) South Asia and JMK Research.

The Advanced Chemistry Cell (ACC) Produc...