Govt extends li-ion battery input duty exemption to 2029, boosting RIL, Exide, Amara Raja
Customs duty exemptions on lithium-ion battery manufacturing inputs are extended until March 31, 2029, aiding Reliance's Jamnagar BESS giga-factory targeting 40 GWh initial and 120 GWh eventual capacity. RIL (mcap Rs 17.26 lakh crore), Exide and Amara Raja shares in focus on the clean-energy push.
What happened
Reliance Industries · Government extended customs duty exemptions on lithium-ion battery manufacturing inputs until 2029, benefiting Reliance's Jamnagar BESS
Key facts
- 40 GWh initial capacity
- 120 GWh target
- RIL mcap Rs 17.26 lakh crore
- RIL Rs 1276
- duty exemption until March 31 2029
Why this matters
A stable 2029 policy runway de-risks li-ion capex and makes battery JVs, upstream input sourcing deals, and BESS partnerships more attractive to structure now.
What to watch
- Jamnagar gigafactory commissioning milestones and GWh output
- Domestic EV and grid-storage BESS demand data
- PLI ACC scheme disbursement and localization mandates
- Chinese input pricing and export controls on battery materials
- Any counter-duty or safeguard on finished cell imports
- RIL fast-tracks Jamnagar BESS commissioning toward 40 GWh initial phase
- Exide and Amara Raja reaffirm li-ion capex and JV timelines
- Brokerage upgrades on clean-energy margin visibility through FY29
- Cell input procurement contracts locked at lower landed cost