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Cabinet okays 5-year plan for 'phased manufacturing' of EV batteries

According to a Niti Aayog report, India needs a minimum of 10 GWh of cells by 2022, which would need to be expanded to about 50 GWh by 2025

GM shares closed down 2.6 per cent at $36.69 in New York trading on Tuesday | Photo: Reuters
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GM shares closed down 2.6 per cent at $36.69 in New York trading on Tuesday | Photo: Reuters

Jyoti Mukul New Delhi
The government on Thursday announced a plan to set up a National Mission on Transformative Mobility and Battery Storage to "drive clean, connected and shared mobility" initiatives. The mission would draw up a five-year phased manufacturing programme (PMP) till 2024 for a few large-scale, export-competitive integrated batteries and cell-manufacturing Giga plants in India.

According to a Niti Aayog report, India needs a minimum of 10 GWh of cells by 2022, which would need to be expanded to about 50 GWh by 2025.

The programme would also work towards localisation of production across the entire electric vehicle value chain. A government

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