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Dec 5, 2018 | Companies line up plans for lithium-ion batteries production

Read More>> NEW DELHI: Over a dozen companies, ranging from auto component manufacturers to power and energy solutions providers, have rolled out plans to make lithiumion batteries locally, to cash in on the rush for green vehicles. 

The list includes ExideNSE 0.16 %, Exicom, Amaron, Greenfuel Energy Solutions, Trontek, Coslight India, Napino Auto & Electronics, Amara Raja BatteriesNSE -0.64 %, BASFNSE 0.56 % Catalysts, Trinity Energy Systems and Versatile Auto Components. 

The development has come close on the heels of the Prime Minister’s Office (PMO) directing that most of the incentives of the Rs 5,500 crore earmarked for the second phase of the FAME (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) India Scheme be used to encourage local manufacturing of lithium-ion batteries, which form the core of electric vehicles.