NEW DELHI: As Elon Musk’s Tesla makes strides to go into the Indian marketplace, Panasonic — its largest provider of batteries — is coming as regards to after all putting in place a battery production plant in India below the federal government’s complex chemistry cellular (ACC) battery garage scheme.
Top assets informed TOI {that a} high-level delegation from the Japanese corporate held talks with senior functionaries of the federal government within the first week of this month. Kazuo Tadanobu, world president and CEO of Panasonic Energygot here and met former NITI Aayog CEO and G20 Sherpa Amitabh Kant, except for heavy industries secretary kamran To set up Rizvi. He used to be accompanied via senior Japanese officers from Panasonic Energy, except for Panasonic Life Solutions India chairman Manish Sharma.
The corporate apprised the federal government in their plans to imagine India for a battery production operation, whilst the latter briefed them in regards to the schemes to be had for such enlargement and the rustic’s possible for expansion. When contacted, a spokesperson for Panasonic India declined to talk at the topic.
However, it’s understood that the Japanese corporate is now “coming close to making substantial investments” in India with putting in place of the battery production plant.
The govt had in March closing yr decided on 4 firms for the Rs 18,100 crore production-linked incentive (PLI) scheme for ACC battery garage. However, Hyundai Global Motors, which used to be allocated advantages for a 20GWh (Gigawatt hours) capability, had pulled out of the scheme, which would possibly now be handed directly to Panasonic if the federal government reopens the window.
However, there is not any affirmation at the identical and this must be ratified on the best ranges throughout the govt, the assets mentioned.
Panasonic is eyeing provides no longer best to the but anticipated Tesla plant in India, but in addition to different gamers within the Indian automotive marketplace. Companies akin to Tata MotorsMahindra & Mahindra, Mercedes-Benz,Hyundai, and the Volkswagen crew are aggressively increasing their electrical fleet in India, and thus can be noticed as main shoppers for Panasonic’s batteries.
“The government had also briefed the Panasonic team about the bullish business potential in India for automotive batteries, and said that it should be ready to invest in India — with or without Tesla’s investments,” mentioned some of the assets.
A complete of 10 firms had at the start submitted their bids below the ACC battery program for which Request for Proposal (RFP) used to be launched via the ministry of heavy industries in October 2021.
Of those, 4 had been decided on for incentives in March 2022, which, except for Hyundai Global Motors, comprised Reliance New Energy Solar, Ola Electric Mobility, and Rajesh Exports.
Top assets informed TOI {that a} high-level delegation from the Japanese corporate held talks with senior functionaries of the federal government within the first week of this month. Kazuo Tadanobu, world president and CEO of Panasonic Energygot here and met former NITI Aayog CEO and G20 Sherpa Amitabh Kant, except for heavy industries secretary kamran To set up Rizvi. He used to be accompanied via senior Japanese officers from Panasonic Energy, except for Panasonic Life Solutions India chairman Manish Sharma.
The corporate apprised the federal government in their plans to imagine India for a battery production operation, whilst the latter briefed them in regards to the schemes to be had for such enlargement and the rustic’s possible for expansion. When contacted, a spokesperson for Panasonic India declined to talk at the topic.
However, it’s understood that the Japanese corporate is now “coming close to making substantial investments” in India with putting in place of the battery production plant.
The govt had in March closing yr decided on 4 firms for the Rs 18,100 crore production-linked incentive (PLI) scheme for ACC battery garage. However, Hyundai Global Motors, which used to be allocated advantages for a 20GWh (Gigawatt hours) capability, had pulled out of the scheme, which would possibly now be handed directly to Panasonic if the federal government reopens the window.
However, there is not any affirmation at the identical and this must be ratified on the best ranges throughout the govt, the assets mentioned.
Panasonic is eyeing provides no longer best to the but anticipated Tesla plant in India, but in addition to different gamers within the Indian automotive marketplace. Companies akin to Tata MotorsMahindra & Mahindra, Mercedes-Benz,Hyundai, and the Volkswagen crew are aggressively increasing their electrical fleet in India, and thus can be noticed as main shoppers for Panasonic’s batteries.
“The government had also briefed the Panasonic team about the bullish business potential in India for automotive batteries, and said that it should be ready to invest in India — with or without Tesla’s investments,” mentioned some of the assets.
A complete of 10 firms had at the start submitted their bids below the ACC battery program for which Request for Proposal (RFP) used to be launched via the ministry of heavy industries in October 2021.
Of those, 4 had been decided on for incentives in March 2022, which, except for Hyundai Global Motors, comprised Reliance New Energy Solar, Ola Electric Mobility, and Rajesh Exports.