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BHEL in talks to set up lithium-ion battery unit

Wednesday, 13 Jun 2018
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Bharat Heavy Electricals (BHEL) is in the preliminary stage of discussions with various global lithium ion battery manufacturers to set up a manufacturing unit in the country.

BHEL will have a 20 percent stake in the project while the partner will have a majority stake.

The government had launched faster adoption and manufacturing of hybrid and electric vehicles (FAME) scheme in March 2015 to order to encourage purchase and usage of electric vehicles in the country. The scheme had expired in March 2018 but was till September 2018.

Under this scheme, the government has given financial support to 186,431 electric or hybrid vehicles worth Rs 256.93 crore. Further, a grant of Rs 280 crore has been sanctioned for nearly 500 electric buses in nine major cities in the country.

A revised version of the scheme, FAME 2, is also being worked upon where a bigger corpus of Rs 9,300 crore for five years has been proposed.

Out of this Rs 1,000 crore will be for incentivising charging infrastructure in the country, which is cited as a major hindrance in growth of electric vehicles in the country. The new scheme FAME 2 is expected to be ready by September 2018.

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