Amara Raja to sign deal with Ather for lithium-ion cells
Amara Raja will collaborate with Ather Energy to develop and supply NMC and LFP lithium-ion cells.
Amara Raja will collaborate with Ather Energy to develop and supply NMC and LFP lithium-ion cells.
Bids received are seven times the manufacturing capacity of 10 GWh to be awarded.
ICRA says demand for EV batteries in India is expected to reach around 15 gigawatt hours (GWh) by 2025 and 60 GWh by 2030.
TDK is setting up a 180-acre facility in Manesar, Haryana to build cells for batteries.
Electric vehicles contribute 13-15% to Tata Motors' passenger vehicle sales.
Why Indian Oil Corporation believes hydrogen fuel cells and not lithium-ion batteries may revolutionise electric vehicles in India.