Aggarwal took to Twitter and said, “Work started and moving along at full speed on our cell gigafactory! It will be India’s biggest and amongst the worlds biggest cell factories. And the centrepiece for #endICEage!
Ola Electric is among the select manufacturers that have been offered incentives under the government’s Rs 80,000 crore Production Linked Incentive (PLI) scheme. The EV maker’s Gigafactory will be situated in Tamil Nadu’s Krishnagiri district and will have a capacity of producing 10 gigawatt-hours (GWh) of battery cells per annum. Ola Electric’s battery cells will be capable of powering electric vehicles and other battery solutions as well.
Apart from Ola Electric, Reliance Industries and Bengaluru-based Log9 Material are also gearing up to start local production of battery cells. Once domestic production reaches scale, it will help India in growing its economy and reduce our dependence on cell imports. This would also cut down on logistical costs that are currently borne by Indian manufacturers.
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