India, May 13 -- The government of India has approved the Production Linked Incentives (PLI) scheme for manufacturing advanced chemistry cell (ACC) batteries at an estimated outlay of INR 18,100 Cr. The National Programme on ACC Battery Storage is expected to attract foreign and domestic investment of INR 45,000 Cr, information and broadcasting (I&B) minister Prakash Javadekar said.

The proposal aims to achieve manufacturing of 50 gigawatts of battery storage and these incentives will be available to those companies having higher production as well as sales capacity. EV Manufactures believe that the PLI scheme for battery storage can bring down EV cost.

India is also planning to set up AC charging points for EV in the next two months, i...