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Reliance, Ola Electric, others to get incentives in battery scheme: Report

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Reliance Industries and Softbank Group-backed Ola Electric have won bids to receive incentives under India's $2.4 billion battery programme, four sources told Reutersola electric scooter



 and Softbank Group-backed Ola Electric have won bids to receive incentives under India's $2.4 billion battery programme, four sources told Reuters.

The Indian government last year finalised a programme to incentivise  to make battery cells locally as it looks to establish a domestic supply chain for clean transport and renewable energy storage to meet its decarbonisation goals.

Ten  submitted bids totalling about 130 gigawatt hours (Gwh), of which four have won, the sources said.

Reliance and Ola did not immediately respond to requests for comment.


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