The Ministry of Heavy Industries (MHI) administers a Production Linked Incentive (PLI) Scheme namely “National Programme on Advanced Chemistry Cell (ACC) Battery Storage”. The details of the scheme may be seen at: https://heavyindustries.gov.in/pli-scheme-national-programme-advanced-chemistry-cell-acc-battery-storage
The PLI-ACC Scheme envisages an investment which will boost domestic manufacturing & also facilitate battery storage demand creation for both electric vehicles and stationary storage along with the development of a complete domestic supply chain in the country. The scheme will accelerate electric vehicle adoption and hence translate into substantial savings on account of oil import bill during the period of this Programme and increase the share of renewable energy at the national grid level.