India’s Li-ion battery demand will grow from the current stage of 3 GWh to 20 GWh by 2026 and 70 GWh by 2030. This will need over $10 billion to boost cell manufacturing and raw material refining to serve the local demand according to a report by Arthur D little. Titled “E-Mobility: Cell Manufacturing in India”, the report says that over 70 percent of the imports were from China and Hong Kong and subsequent actions were needed to reduce the dependency.
Prathmesh Choudhary, one of the lead authors of the report while speaking to Business Standard said that “unless and until we get control of the entire supply chain from the mines to the refining, we can’t achieve an inventory”.
