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Battery PLI scheme runs out of charge, Centre to review

Mint Kolkata

|

August 20, 2025

Govt secured manufacturers for 40 GWh of capacity, but cos not been able to meet targets

- Manas Pimpalkhare

₹18,100-crore production-linked incentive (PLI) scheme to incentivise batteries for electric vehicles and reducing dependence on China seems to have run dry.

With zero disbursals from the PLI scheme for advanced chemistry cells (PLI ACC) in four years, the ministry of heavy industries will review it to chart a fresh roadmap, secure investments, and ensure battery storage capacity utilisation, according to two officials aware of the development.

Advanced chemistry cells are widely used in the renewable energy sector and in electric vehicles. These cells store electrical energy chemically using complex materials.

"There has been very little traction in the ACC PLI. Capacities that have developed are also very little. With that in mind, there is going to be a review of the scheme," said one of the officials cited above, requesting anonymity.

Mint Kolkata からのその他のストーリー

Mint Kolkata

Mint Kolkata

For a weakened Zelensky, yielding to Trump is riskier than defiance

Buffeted by a corruption scandal that has sparked fury across Ukraine, President Volodymyr Zelensky is in political trouble at home, weaker than at any point since the full-scale Russian invasion of his country began nearly four years ago.

time to read

5 mins

November 25, 2025

Mint Kolkata

Mint Kolkata

Tesla vs Tesla: HC grants protection to Musk’s company

The Delhi High Court on Monday granted interim protection to Elon Musk-led Tesla Inc. in its trademark infringement case with Gurugram-based Tesla Power India Pvt. Ltd.

time to read

1 mins

November 25, 2025

Mint Kolkata

Mint Kolkata

AI bond flood adds to market pressure

their hype; even a ratings downgrade can hurt returns, let alone a default.

time to read

3 mins

November 25, 2025

Mint Kolkata

What went into quadrupling Jio Payments Bank's footprint

Jio Payments Bank Ltd is aggressively expanding its sales network to catch up with market leader Airtel Payments Bank, with the aim of using this wider reach to acquire customers for its more profitable financial products.

time to read

2 mins

November 25, 2025

Mint Kolkata

Govt plans reform push in winter session

The government is preparing to push a packed reform agenda through parliament's short winter session that will start 1 December, with 15 sittings scheduled to clear major legislations tied to crucial issues, including ease of doing business, regulatory consolidation, foreign investment, and sectoral reforms.

time to read

1 mins

November 25, 2025

Mint Kolkata

Page Industries scouts for missing piece of comeback puzzle

Page Industries Ltd has been struggling with muted growth.Its thrust on operational efficiencies, calibrated distribution expansion and new product launches is yet to reignite the dwindling investor faith.

time to read

1 mins

November 25, 2025

Mint Kolkata

SIM misuse risk falls on users

Mobile subscribers may be held liable if a SIM card procured in their name is found to have been misused for cyber fraud or other illegal activities, an official statement said on Monday.

time to read

1 min

November 25, 2025

Mint Kolkata

How online bond platforms are powering retail investor interest

Lowering the minimum bond investment from %1 lakh to 710,000 has opened the market to first-time investors

time to read

4 mins

November 25, 2025

Mint Kolkata

Mint Kolkata

SC clears Sandesarass after ₹5,100-crore settlement deal

Court drops all criminal proceedings against Sterling Biotech promoters in a bank fraud case

time to read

3 mins

November 25, 2025

Mint Kolkata

Vibe coding: Make way for intuition-driven software

New jargon emerges regularly in the world of software development. Most terms vanish quickly, but ever so often, a term bubbles up from the cultural stew and goes mainstream—not because it introduces a breakthrough technology, but because it captures a shift in how people think about software development. ‘Vibe coding’ is one such phrase. It’s a term that reveals more about the future of programming than its whimsical name suggests.

time to read

3 mins

November 25, 2025

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