Heavy Industries Ministry inks contracts for battery manufacturing incentives

01 Aug 2022 CW Team

Under the Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage, the Ministry of Heavy Industries has signed contracts with three businesses.

Reliance New Energy, Ola Electric Mobility, and Rajesh Exports have been chosen. Initially, it was decided that Hyundai Global Motors would also receive PLI funding. However, this was put on hold after it was established that Hyundai Global Motors had no ties to Hyundai Motor or the Korean automaker's local subsidiary, Hyundai Motor India (HMIL).

The government has re-examined Hyundai Global Motors' request to establish a battery production facility under the PLI scheme. Hyundai Motor stated in a public notification released on July 15 that Hyundai Global Motors is not authorised to utilise the Hyundai trademark and logo of Hyundai Motor Company and HMIL in any way.

Infrastructure Transport

20 Jun 2025

Dassault To Build Falcon Jets In India With Reliance

Reliance Infrastructure Ltd鈥檚 subsidiary, Reliance Aerostructure, has signed an agreement with France鈥檚 Dassault Aviation to manufacture Falcon 2000 business jets in India, with the first batch expected to roll out from its Nagpur facility by 2028. This marks the first time a Falcon aircraft will be entirely built outside France.The announcement sent Reliance Infrastructure shares surging, hitting the 5 per cent upper circuit on the BSE. Anil Ambani, Chairman of Reliance Group, hailed the agreement as a 鈥渟ymbol of India鈥檚 technological and manufacturing strength鈥�, adding that it aims..

Infrastructure Urban

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INDEA Lays Foundation for India鈥檚 First Auto Design School

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Infrastructure Transport

20 Jun 2025

Karnataka Launches Global Innovation Hub at Airport City

The Government of Karnataka, in collaboration with Bengaluru Airport City Limited (BACL) and ANSR, has launched a global innovation hub named District I at Bengaluru Airport City's business park. The initiative aims to elevate India鈥檚 innovation ecosystem to a global scale by fostering collaboration among startups, academia, enterprises, and government bodies.District I will serve as a platform for deep-tech entrepreneurship, enterprise innovation, and commercialisation of academic research. It brings together Global Capability Centres (GCCs), IT firms, corporate labs, startups, venture capi..