Battery part makers may get up to 50% subsidy

What happened: The ministry is weighing three support models for domestic battery component makers, including capital subsidies and sales-linked incentives, officials told ET. Key numbers: Options include 25% capex subsidy plus 5% to 18% operating incentives on eligible sales, sales-linked incentives of 11% to 37% for five to seven years, or a 50% Why it matters: The move supports India's import substitution drive in emerging manufacturing sectors. Industry estimates cite a need for over 200,000 tonnes of anode active materials and 400,000 tonnes of cathode active materials by 2030.

The ministry is weighing three support models for domestic battery component makers, including capital subsidies and sales-linked incentives, officials told ET.

The move supports India's import substitution drive in emerging manufacturing sectors. Industry estimates cite a need for over 200,000 tonnes of anode active materials and 400,000 tonnes of cathode active materials by 2030.