India may be planning its own EV battery gigafactory, LiveMint reports, citing an unnamed government official. According to the report, the facility would cost US$4 billion to build. “We are moving ahead with the plan and a cabinet note for the same has been floated,” the official reportedly said. “Why should India import battery storage units when we have the largest market here?” This is not the first time media have reported on plans by New Delhi to start building its own battery manufacturing capacity. In January this year, for example, Electrek reported that a company called Magnis Energy Technologies had announced an agreement with the Indian government to build India’s first lithium-ion battery gigafactory in partnership with Bharat Heavy Electricals Limited and an affiliate of Magnis, LIBCOIN. Later, in June, media carried a report from The Economic Times that quoted a government official as saying that the gigafactory […]