The company did not specify the EV firms it is in talks with.LG Energy's India unit dominates the supply of battery cells to domestic e-scooter makers such as Softbank Group-backed Ola Electric and domestic rival TVS.

The company holds more than a 50% share of this market since setting up its India unit in 2023. It also supplies battery cells to domestic car maker Mahindra & Mahindra for its EVs. India's EV market is small but growing, with the government targeting 30% of total car sales in 2030 to come from electric models. Authorities also want 70% of scooters to be electric over the same time period. India has urged companies to build EVs and batteries locally and is offering incentives under its domestic manufacturing program.

(Reporting by Aditi Shah in New Delhi and Nandan Mandayam in Bengaluru; Editing by Sonia Cheema)