Exide Industries subsidiary, Exide Energy, secured INR 700 crore worth of orders for lithium-ion packs and modules in the last fiscal year. The company aims to capitalize on India s growing EV battery market and is setting up a lithium-ion cell manufacturing plant in Karnataka. Government initiatives like FAME-II and PLI scheme support EV growth.
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Elon Musk started following PM Narendra Modi on Twitter, as observed by many Twitter users. This move has sparked speculations about a possible entry of Tesla into the Indian EV market.