The Indian Space Research Organisation (ISRO) which is finalising a memorandum of understanding with BHEL to help develop low-cost lithium ion batteries for electric vehicles, also envisages a buyback commitment for such batteries.
The move is expected to take care of concerns on managing the waste generated at the end of battery life.
According to the MoU, BHEL will set up a production plant, while ISRO will provide support for scale-up, joint effort in cost optimisation, research and development for alternate chemistry and buyback commitment.
