1. Market Research
  2. > Energy & Environment
  3. > Energy
  4. > Electric Power
  5. > Energy Storage
  6. > Battery Market Trends
Lithium-ion Battery Manufacturing Market in India 2020

Lithium-ion Battery Manufacturing Market in India 2020

  • March 2020
  • 58 pages
  • ID: 5885840
  • Format: PDF
  • Netscribes (India) Pvt. Ltd.


Table of Contents

Market insights
The rapid penetration of electric vehicles in India is expected to drive the need for Lithium (Li)-ion battery manufacturing in the country. Li-ion batteries act as the primary storage option for electro-chemical energy. These batteries are rechargeable and contain Li-ion as the key component of electrolyte.

The manufacturing of Li-ion batteries is dependent on the sourcing and mining of lithium, and other minerals like cobalt, aluminium and copper. The overall process of Li-ion battery manufacturing encompasses the production of cell components (electrode, electrolytes and separators), cell and module production, battery pack assembly, and integration of components. The major applications of Li-ion battery include electric vehicles (EV), EV charging and swapping stations, and grid services.

Market opportunity insights

The Li-ion battery manufacturing industry in India is at a nascent stage at present. However, the country holds the potential to emerge as the key manufacturer of Li-ion batteries over the next few years. India can proceed to develop the Li-ion battery manufacturing industry through three distinct stages: stage one (2017 to 2020), stage two (2021 to 2025), and stage three (2026 to 2030). In stage one, during the 2017-2020 period, the primary focus is to create an ambient manufacturing environment in the country. The Li-ion battery manufacturing industry is anticipated to capture an economic value of around INR 1,300 Bn to INR 1,400 Bn, during stage one.

In stage two (2021 to 2025), India is predicted to capture around 25%-40% of overall economic opportunity for Li-ion battery manufacturing. The industry is expected strengthen its supply chain network and make sizeable investments on research and development by 2025. During this phase, India is anticipated to be involved in the manufacturing of battery packs, along with limited production of battery cells.
India is expected to enter stage three during the 2026-2030 period. In stage three, manufacturers are projected to be engaged in end-to-end manufacture of Li-ion batteries. As a result, the dependency on imports is likely to be reduced significantly at this stage. This phase is projected to be of utmost importance for the country to establish its independence in the electric mobility sector by engaging in the production of both EV and EV batteries at the domestic level.

Market influencers:
The major driving factor propelling the growth of Li-ion battery manufacturing industry in India is the government’s plan to boost electric mobility. The Indian government has envisioned the conversion of two and three wheelers into 100% electric ones by 2030. Currently, India is dependent on other countries for sourcing EV batteries, which has resulted in the hiked price of EVs. The penetration of EVs in the Indian automotive sector is expected to bolster the need for indigenous manufacturing of Li-ion batteries, to make them economically viable.

Sizeable investments from foreign and domestic players have been playing a major role in boosting the Li-ion battery manufacturing market in India. Supportive financial policies like land grant, reduction in number of permits, tax reduction in foreign investments and direct government subsidies have encouraged the influx of investments. Suzuki Motor Corporation, Toshiba Corporation and Denso Corporation have invested INR 37.15 Bn and INR 12.14 Bn in two phases to build Li-ion battery assembly lines in Gujarat.
A significant impediment to the growth of the market is that the country is reliant on the import of raw materials owing to its lack of mineral reserves. India is dependent on countries like China, Chile, Bolivia, Argentina and Australia to meet the demand for lithium. Furthermore, other crucial raw materials like cobalt, nickel, manganese and graphite are also sourced from various foreign countries. On the other hand, the ecosystem consists of numerous stakeholders and the weak coordination among them restrains the development of a robust supply chain network in the industry.

Companies covered
• Adani Group
• Amara Raja Batteries Limited
• Bharat Heavy Electricals Limited (BHEL)
• Exide Industries Limited
• HBL Power Systems Ltd
• Tata Chemicals Limited
• Automotive Electronics Power Pvt. Ltd
• Mahindra Electric Mobility Ltd
• Panasonic India
• Toshiba India Pvt. Ltd

Get Industry Insights. Simply.

  • Latest reports & slideshows with insights from top research analysts
  • 150+ Million searchable statistics with tables, figures & datasets
  • More than 25,000 trusted sources
  • Single User License — provides access to the report by one individual.
  • Department License — allows you to share the report with up to 5 users
  • Site License — allows the report to be shared amongst all employees in a defined country
  • Corporate License — allows for complete access, globally.
Ahmad helps you find the right report:

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

We were impressed with the support that ReportLinker’s research specialists’ team provided. The report we purchased was useful and provided exactly what we want.

Category Manager at

ReportLinker gave access to reliable and useful data while avoiding dispersing resources and spending too much time on unnecessary research.

Executive Director at
PwC Advisory

The customer service was fast, responsive, and 100% professional in all my dealings (...) If we have more research needs, I'll certainly prioritize working with ReportLinker!

Scott Griffith

Vice President Marketing at
Maurice Sporting Goods

The research specialist provided prompt, helpful instructions for accessing ReportLinker's product. He also followed up to make sure everything went smoothly and to ensure an easy transition to the next stage of my research

Jessica P Huffman

Research Associate at
American Transportation Research Institute

Excellent customer service. Very responsive and fast.

Director, Corporate Strategy at

I reached out to ReportLinker for a detailed market study on the Air Treatment industry. The quality of the report, the research specialist’s willingness to solve my queries exceeded my expectations. I would definitely recommend ReportLinker for in-depth industry information.

Mariana Mendoza

Global Platform Senior Manager at
Whirlpool Corporation

Thanks! I like what you've provided and will certainly come back if I need to do further research works.

Bee Hin Png

CEO at
LDR Pte Ltd

The research specialist advised us on the best content for our needs and provided a great report and follow-up, thanks very much we shall look at ReportLinker in the future.

Kate Merrick

Global Marketing Manager at
Eurotherm by Schneider Electric

  • How we can help
    • I am not sure if the report I am interested in will fulfill my needs. Can you help me?
    • Yes, of course. You can call us at +33(0) 4 37 65 17 03 or drop us an email at researchadvisor@reportlinker.com to let us know more about your requirements.
    • We buy reports often - can ReportLinker get me any benefits?
    • Yes. Set up a call with a Senior Research Advisor to learn more - researchadvisor@reportlinker.com or +33(0) 4 37 65 17 03.
    • I have had negative experiences with market research reports before. How can you avoid this from happening again?
    • We advise all clients to read the TOC and Summary and list your questions so that we can get more insight for you before you make any purchase decision. A research advisor will accompany you so that you can compare samples and reports from different sources, and choose the study that is right for you.

  • Report Delivery
    • How and when I will receive my Report?
    • Most reports are delivered right away in a pdf format, while others are accessed via a secure link and access codes. Do note that sometimes reports are sent within a 12 hour period, depending on the time zones. However, you can contact us to escalate this. Should you need a hard copy, you can check if this option is offered for the particular report, and pay the related fees.
  • Payment conditions
    • What payment methods do you accept?
      1. Credit card : VISA, American Express, Mastercard, or
      2. You can download an invoice to pay by wire transfer, check, or via a Purchase Order from your company, or
      3. You can pay via a Check made out in US Dollars, Euros, or British Pounds for the full amount made payable to ReportLinker
    • What are ReportLinker’s Payment Terms?
    • All payments must normally be submitted within 30 days. However, you can let us know if you need extended time.
    • Are Taxes and duties included?
    • All companies based in France must pay a 20% tax per report. The same applies to all individuals based in the EU. All EU companies must supply their VAT number when purchasing to avoid this charge.
    • I’m not satisfied. Can I be refunded?
    • No. Once your order has been processed and the publisher has received a notification to send you the report, we cannot issue any refund or cancel any order. As these are not ‘traditional’ products that can be returned, reports that are dispatched are considered to be ‘consumed’.
  • User license
    • The license that you should acquire depends on the number of persons that need to access the report. This can range from Single User (only one person will have the right to read or access the report), or Department License (up to 5 persons), to Site License (a group of persons based in the same company location), or Corporate License (the entire company personnel based worldwide). However, as publishers have different terms and conditions, we can look into this for you.


Reportlinker.com © Copyright 2020. All rights reserved.

ReportLinker simplifies how Analysts and Decision Makers get industry data for their business.

Make sure you don’t miss any news and follow us on