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IN : Auto & Parts - Overall - EV battery expert meeting highlights

    CGS-CIMB
    9 April 2022
    Published byCGS-CIMB

    Expert feels Ola winning big capacity with a large subsidy (US$20 per Kwh) will be key driver for electric two-wheeler or E2W penetration from 2024F. For cars, Hyundai ACC PLI win will help procure local reliable supplies, while Reliance to drive ESS (Energy Storage System) penetration through this win. Exide continuing to build capacity, despite losing ACC PLI bid with lowest subsidy request, is the only hope left for mid-size E2W & E3W auto-makers.