· Manufacturing & Investment · Source: economictimes.indiatimes.com

India readies Rs 12,000 crore push for local battery component manufacturing

The Government of India is preparing a ₹12,000 crore incentive scheme to boost domestic manufacturing of battery components, strengthening the country’s clean energy and electric mobility ecosystem. The initiative aims to reduce import dependence, attract investments, and develop a strong local supply chain for advanced battery technologies. It is expected to accelerate production of key components, support EV growth, and position India as a competitive hub in global battery manufacturing.

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