Report on ‘Roadmap for Future Mobility 2030: Raw materials for Battery & Component Manufacturing’ released by Confederation of Indian Industry (CII), the advanced chemistry battery market demand in India is expected to grow from 20 GWh in 2022 to around 220 GWh by 2030 at a compounded annual growth rate of around 50%. This 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 the significant portion of the entire value chain from material processing to pack assembly and integration.
CII collaborated with 6Wresearch in undertaking this study. It is a part of series of CII reports on ‘Roadmap for Future Mobility 2030’.