Assessing India’s incentive scheme to enhance the battery manufacturing ecosystem
Assessing India’s incentive scheme to enhance the battery manufacturing ecosystem Date of release: January 2026 Report by JMK Research and IEEFA India’s ambitious electric vehicle (EV) and energy storage targets have accelerated lithium battery demand, underscoring the strategic importance of lithium-ion cells, almost all of which India currently imports, primarily from China. To reduce this dependence, the Ministry of Heavy Industries (MHI) launched the Advanced Chemistry Cell Production Linked Incentive (ACC PLI) scheme in October 2021 to catalyse domestic cell manufacturing. With an…



