https://www.taxtmi.com/news?id=67940 A Memorandum of Understanding commits ChemVolt Global to invest INR 2,500 crore to establish a 5 GWh lithium ion cell gigafactory in Andhra Pradesh, implemented in two phases (1 GWh by Q3 2027; additional 4 GWh by Q2 2029). The plant will manufacture 314 Ah and 750 Ah prismatic cells for grid scale, heavy EV and C&I applications, and is expected to create about 1,500 direct and over 4,000 indirect jobs while strengthening domestic battery supply chains. en-us Tue, 20 Jan 2026 16:16:03 +0530 Tue, 20 Jan 2026 16:16:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=67940 A Memorandum of Understanding commits ChemVolt Global to invest INR 2,500 crore to establish a 5 GWh lithium ion cell gigafactory in Andhra Pradesh, implemented in two phases (1 GWh by Q3 2027; additional 4 GWh by Q2 2029). The plant will manufacture 314 Ah and 750 Ah prismatic cells for grid scale, heavy EV and C&I applications, and is expected to create about 1,500 direct and over 4,000 indirect jobs while strengthening domestic battery supply chains. News - Tue, 20 Jan 2026 16:16:03 +0530 https://www.taxtmi.com/news?id=67940