As fuel-based automakers in India reel under a global chip crunch, the country’s electric vehicle makers, too, are now facing a shortage of their own.
Lithium-ion batteries, which power most electric vehicles, are in short supply in India, due to a global surge in demand, The Economic Times reported.
A coal shortage in China and congestion in shipping routes have impacted the supply of Li-ion batteries to India.
According to the report, India sources much of its Li-ion cells from China, apart from South Korea and Taiwan.
Another reason for the shortage is that manufacturers prefer supplying cells to markets that guarantee a higher volume of orders — like the US, Europe and China — which Indian EV makers do not guarantee.
