Indian Oil to launch cost-effective aluminium-air batteries for EVs

State-run Indian Oil Corporation (IOC) is planning to launch first-of-its-kind aluminium-air batteries that are potentially a more cost-effective alternative to lithium-ion batteries for use in electric vehicles (EV) and stationary applications. The idea is to manufacture these barriers in sites closer to demand centres such as Chennai or Pune. IOC bought a minority stake in…