Reliance, Ola bag sops under battery scheme

New Delhi, March 17 Reliance Industries and Ola Electric will receive incentives under government’s $2.4-billion programme to boost local battery cell production after winning a tender, four sources said. The winning bidders also include Hyundai Global Motors Company and jewellery...

Tribune Web Desk

Updated At : 01:18 PM Mar 18, 2022 IST

New Delhi, March 17

Reliance Industries and Ola Electric will receive incentives under government’s $2.4-billion programme to boost local battery cell production after winning a tender, four sources said.

The winning bidders also include Hyundai Global Motors Company and jewellery maker Rajesh Exports, the sources said.

The Indian government last year finalised a programme to encourage companies to make battery cells locally as it seeks to establish a domestic supply chain for clean transport and renewable energy storage. — Reuters

Reliance, Ola bag sops under battery scheme

Tribune Web Desk

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