This is HUGE!!! Because… 60% of Reliance’s consolidated revenue comes from fossil fuels & its byproducts… an industry which is completely against EVs, clean environment and… even the sprite or essence of EVs!

Reliance had recently de-merged its Oil to Chemical business into a wholly owned subsidiary and is also in talks with Saudi Arabia’s Aramco for a 20% stake in Reliance.

This means Reliance is stacking up huge mountain of money to invest in manufacturing batteries!!!

Ambani’s game plan is still to unfold… and the punch is yet to land, but it is safe to…

assume that it will knock out the best in the business and also make batteries for EVs a lot more affordable.

Ambani’s has always tried to invest in NEXT GENERATION of existing technology … so most probably he will NOT invest in Lithium-Ion technology which is almost 3 decades old.

There is a very high probability for Ambani to invest in Sodium-Ion batteries in India which will make EVs equal in range to Petrol/Diesel cars… and the batteries will also have a much longer life.

If this happens then India will be the world’s leader in AUTOMOBILES!!!