Why The IBC Is Setting Up A Battery Manufacturing Plant In Karnataka

What’s new with India’s EV market? The state of Karnataka has announced a collaborative venture with the International Battery Company (IBC) to establish a lithium-ion battery plant near Bengaluru. The memorandum of understanding (MoU) between Karnataka and IBC comes with an ambitious investment of ₹8000 crore for a gigafactory. What could this mean for India?

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