Reliance Industries has won a bid under an incentives program which supports EV battery production, a statement from the Indian government said on Wednesday ( 4 September 2024).

Earlier this year, seven companies submitted bids to set up local manufacturing units for the production of advanced chemistry cells, or ACCs, under the government's production-linked incentive (PLI) scheme.

Reliance can make upto 10 gigawatts of ACCs, the statement said.

The oil-to-telecom conglomerate beat six other competitors, which included units of battery maker Amara Raja Energy and Mobility and power producer JSW Energy