Budget 2024: EV industry proposes GST cut on lithium-ion batteries
India Energy Storage Alliance (IESA) urges the government to reduce GST on lithium-ion batteries to 5%.
India Energy Storage Alliance (IESA) urges the government to reduce GST on lithium-ion batteries to 5%.
TDK is setting up a 180-acre facility in Manesar, Haryana to build cells for batteries.
The report says the country requires up to 903 GWh of energy storage to decarbonise its mobility and power sectors by 2030.
The battery packs are to be delivered in 24 months commencing from January 2023.