India, Jan. 13 -- The Government of India has issued a release:
M/s Ola Cell Technologies Pvt. Ltd. has established a Giga-Scale ACC manufacturing plant with an installed capacity of 1 GWh. Since March 2024, the firm has commenced pilot production and is presently working toward stabilizing operations for full-scale commercial production.
MHI has notified the Scheme on October 28, 2024 with a total financial outlay of Rs. 3,435.33 crore, aims to ensure payment security for OEMs/operators in case of default by Public Transport Authorities (PTAs) for e-bus procurement and operations under Gross Cost Contract (GCC) or similar models. Covering 38,000 or more e-buses for up to 12 years, the scheme includes mechanisms such as Escrow Accounts an...