Ola Electric subsidiary, Ola Cell Technologies, has entered into a partnership with the Ministry of Heavy Industries to benefit from the government’s Production Linked Incentive (PLI) Advanced Chemistry Cell (ACC) scheme. This strategic collaboration aims to boost electric vehicle (EV) manufacturing in India by enhancing domestic production of EV batteries, a crucial step in reducing dependence on imports and promoting local manufacturing.
The PLI scheme, launched under the National Programme on Advanced Chemistry Cell Battery Storage, has received an allocation of ₹18,100 crore from the Union Cabinet. The initiative is designed to strengthen India’s electric mobility ecosystem by establishing large-scale EV battery manufacturing facilities. It focuses on increasing domestic value addition, making India a global leader in EV battery production.
Through this partnership, Ola Electric aims to enhance its manufacturing capabilities and contribute to India’s broader goal of sustainable transportation. The collaboration aligns with the government’s vision to make India a hub for EV manufacturing and promote green technologies through its “Make in India” initiative.
The ACC scheme will play a pivotal role in increasing the production capacity of advanced chemistry cells, which are essential for powering electric vehicles. This is expected to significantly lower the cost of EV batteries, making electric mobility more affordable for consumers.
Ola Electric’s move is seen as a significant step in advancing India’s electric vehicle sector. The company’s participation in the ACC scheme will not only support domestic battery production but also accelerate the country’s transition to cleaner energy solutions in transportation.
