According to Union Minister Mahindra Nath Pandey, production of the first batch of advanced chemistry cell batteries in India is anticipated to start by January 2024. The PLI (Production Linked Incentives) scheme for the production of ACC (Advanced Chemistry Cell) batteries, with an estimated outlay of Rs 18,100 crore, was approved by the government in May 2021.
The latest generation of advanced energy storage technologies, known as ACCs, are capable of storing electric energy as chemical or electrochemical energy and converting it back to electric energy as needed. The country will begin producing ACC batteries in December of this year or in January of the following year, according to the Union Minister of Heavy Industries.
Pandey was giving a speech at the SIAM’s 63rd annual convention for the auto industry. In India, imports currently satisfy the entire demand for ACCs. The minister claimed that in order to support the auto industry, the government has been developing various policies like PLI and FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles).
He noted that the Rs 25,938 crore PLI scheme for the auto sector has been received well by the industry. Pandey said that after consulting with the industry, the government has extended the scheme by one year. He said the government has added two more agencies for testing of vehicles and components — the Global Automotive Research Centre (GARC) in Chennai and National Automotive Test Tracks (NATRAX) in Madhya Pradesh.
As of now the tests are conducted only at the Automotive Research Association of India (ARAI), Pune, and International Centre for Automotive Technology (iCAT), Manesar (Haryana). Earlier speaking at the event, SIAM President Vinod Aggarwal said the domestic auto industry was growing, though there was some stress at the entry-level two-wheelers and cars.
“The industry size today is Rs 12.46 lakh crore, which two years back stood at Rs 7.5 lakh crore. This includes exports worth Rs 3 lakh crore,” he said. If the industry is able to resolve some of the entry-level problems, the growth would be much better, Aggarwal said.
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