Production Linked Incentive (PLI) Scheme on ACC Batteries

Incentive to ACC battery Storage manufacturers selected through a transparent competitive bidding process.

Incentive will be disbursed thereafter over a period of five years

Incentive amount will increase with increased specific energy density & cycles and increased local value addition

Commitments under the scheme shall include:

• Set-up of an ACC manufacturing facility of minimum five (5) GWh capacity;

• Beneficiary firms have to achieve a domestic value addition at the Project level within five years.

• Incur the mandatory investment Rs.225 crore/GWh within 2 Years (at the Mother Unit Level) and raise it to 60% domestic value addition within 5 Years.