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Last amendment: MHI signed Programme Agreement with Reliance New Energy Battery Limited (RNBL) for 10 GWh of ACC capacity under the PLI ACC scheme; commercial production target two years post-PA signing. on 2025-02-17.
The PLI ACC scheme is the supply-side anchor of India's battery manufacturing stack. It is structured as a cash incentive paid over five years on the sale of cells made in qualifying domestic gigafactories, calibrated against (i) capacity actually commissioned, (ii) achieved specific energy density / cycle life thresholds, and (iii) achieved domestic value addition (DVA).
Key design parameters:
payout window.
(advanced chemistries) — total 55 GWh.
failure to hit DVA milestones forfeits incentive accrual.
all eligible — the scheme deliberately does not pick a winner among cell chemistries, in contrast to the EU CRMA which is implicitly Li-ion-skewed.
manufacturing facilities within two years of Programme Agreement signing.
Tranche history:
PRID 1809037):** Hyundai Global Motors (20 GWh), Ola Electric Mobility (20 GWh), Reliance New Energy Solar (5 GWh), Rajesh Exports (5 GWh) — total 50 GWh.
publicly clarified that Hyundai Global Motors was not authorised to use its trademark; MHI subsequently revoked the 20 GWh allocation.
awarded the full 10 GWh capacity offered.
Reliance New Energy Battery Limited (RNBL) awarded 10 GWh; bidders included ACME Cleantech, Amara Raja, Anvi Power, JSW Neo Energy, Lucas TVS, Waaree Energies (cumulative ~70 GWh of bids for 10 GWh on offer).
(filed: 2024-09-29-india-pm-e-drive-scheme) gates demand incentives on ACC sourcing, routing demand back into PLI-ACC capacity. The two schemes form a coordinated demand-pull / supply-push couple analogous to the US IRA §30D + §45X stack.
PLI-ACC creates the cell-manufacturing demand for the lithium, cobalt, nickel, and graphite midstream that the NCMM (filed: 2025-01-29-india-national-critical-mineral-mission) targets.
re-bid makes it the largest single beneficiary, anchoring its Jamnagar giga-complex strategy and Dhirubhai Ambani Green Energy Giga Manufacturing project.
targeted 50 GWh capacity had been delivered, primarily by Ola Electric (~1.4 GWh commissioned at the Krishnagiri facility). MHI is reportedly considering deadline relaxation and DVA milestone softening to avoid mass clawbacks.
global lithium/cobalt midstream feeding India (LIT, REMX), bearish for CATL/BYD-aligned cell exporters that lose share to ACC-domiciled supply as the gigafactories ramp.
discussion to extend setup deadlines and soften DVA gates given the 2.8%-of-target delivery rate; a formal amendment notification would be a fourth row in the amendments block above.
("PLI-ACC 2") at materially larger scale (target 100+ GWh) but no draft outlay has been notified.
remains under-subscribed and could yet anchor an India-side bet on sodium-ion, solid-state, or flow chemistries — would be the most strategically interesting allocation if a credible bidder emerges.
exclusion analogous to US IRA §30D; whether MHI introduces one as PLI-ACC 2 is designed will determine whether Chinese-aligned cell IP and machinery licensing flows into the Indian gigafactory base.