LG Energy Solution and Panasonic Energy are all set to accelerate their plans to establish manufacturing facilities in India.

LGES has its focus on Tamil Nadu, Telangana, and Andhra Pradesh, while Panasonic Energy is considering Maharashtra, Tamil Nadu, Telangana, and Karnataka.

Both companies are exploring feasibility studies to integrate battery technology into clean energy transitions in India. 

The expansion is seen as vital for enhancing EV affordability and innovation in India’s EV industry.