India turns to $1.4B parts subsidy, skips straight past cell plan
New Delhi is drafting roughly $1.4 billion in incentives for the five components that actually go into cells: anode and cathode materials, electrolytes, separator film and copper foil. That is a belated admission that its existing 50 GWh cell subsidy, of which only 40 GWh has been awarded, can't fix the pain point. Indian makers still source nearly all upstream parts from China, the dependency the plan exists to break.