India is preparing a new incentive scheme worth approximately ₹12,000 crore to promote domestic manufacturing of critical battery components, marking the next phase of the country's electric vehicle and energy storage ambitions. The proposed scheme is expected to complement the existing ₹18,100 crore Production Linked Incentive (PLI) program for Advanced Chemistry Cell (ACC) battery manufacturing and address one of India's biggest weaknesses in the EV value chain—dependence o