PLI Scheme Details

• The scheme provides financial incentive (cash subsidy) for setting up manufacturing facility for advanced battery pack and advance chemistry cells (“ACC”);
• A cumulative ACC manufacturing capacity of 50 GWh for ACC shall be allocated to selected investors based on techno financial bid (Quality and cost based selection process);
• Additional incentive for manufacturing capacity of 5 GWh for niche ACC manufacturing;
• Total incentive to be capped at 20 GWh for a single beneficiary;
• Incentive not available for conventional battery pack segment as assembly already happening in India;
• Subsidy to be disbursed once value add and sale of ACC begins;
• Manufacturing to commence in 2 years time and the incentive will be given over 5 year after manufacturing commences;
• Expected cumulative capital outlay under the scheme is INR 45,000 crores
• The scheme will also provide for a detailed testing framework for verifying the performance standards.
• The incentive would be in the form of Cash Subsidy that shall be disbursed based on overall value-addition on per Kilo Watt hour (“KWh”) basis.
• The applicant shall submit its bid for the base-subsidy (benchmark subsidy = INR 2000/KWh), which would be available on pro-rata basis upto 100% domestic value capture and for manufacturing of ACCs

Technical Specifications

PLI Scheme – ACC Battery – Gazette Notification