The advanced chemistry cell battery market demand in India is expected to grow at a CAGR of 50 per cent from 20 GWh in 2022 to around 220 GWh by 2030, according to a CII report released on Sunday.
The growth is expected to be supported by the thriving local battery manufacturing industry and a robust local supply chain.
As a result, India is expected to localize a significant portion of the entire value chain from material processing to pack assembly and integration, said the report on ‘Raw materials for Battery & Component Manufacturing’.
