Investment in cell manufacturing may exceed USD 9 billion by 2030: Report
Mumbai: Investment in cell manufacturing in the country is expected to exceed USD 9 billion (around Rs 70,000 crore) by 2030 on the back of incremental demand from various applications and future growth prospects, a report said on Thursday. At the same time, the electric vehicle battery demand in the domestic market is estimated to touch around 15 GWh and around 60GWh by 2030, credit ratings agency ICRA said in the report.
