Thu. Jun 24th, 2021

India electric vehicle (EV) battery market is anticipated to grow at a significant CAGR during the forecast period (2019-2025). The existence cohesive government programs and initiatives are driving the sale and manufacturing of EVs in India. It is a major factor that is generating the demand for EV batteries in the country. To meet the growing demand for batteries in EVs, the key battery manufacturers including Tata Group, Inverted Energy, and AEPLE among others are investing in the expansion of EV battery manufacturing plants in the country.

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A full report of India Electric Vehicle Battery Market is available at: https://www.omrglobal.com/industry-reports/india-electric-vehicle-battery-market

A major announcement was from Inverted Energy in November 2020 to open its new lithium-ion battery manufacturing facility in the Okhla Industrial Area in New Delhi. With a production capacity of 100 MWh (megawatt hour) annually, the company is aimed at reducing its dependence on imports including from China for EV batteries. Further, in January 2020, Automotive Electronics Power Private Ltd. (AEPPL), a joint venture between Japanese majors Toshiba, Denso, and Suzuki announced to invest $510 million in the second phase of its lithium-ion battery production facility at Hansalpur, Gujarat. As the battery holds a large portion of the overall cost of the vehicle the development of electric vehicle batteries in the country reduces the prices of one of the expensive electric vehicles which in turn will drive the India electric vehicle battery market.

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Market Coverage

  • The market number available for – 2018-2025
  • Base year- 2019
  • Forecast period- 2019-2025
  • Segment Covered- By Vehicle Type, By Battery Type, By Propulsion Type
  • Competitive Landscape- Hitachi, Ltd., Tata Group, Exide Industries Ltd., Panasonic Corp., Sony Corp.

Key questions addressed by the report

  • What is the market growth rate?
  • Which segment dominates the market in the base year?
  • Which segment will project the fastest growth in the market?
  • How COVID-19 impacted the market?
  • Who is the leader in the market?
  • How players are addressing challenges to sustain growth?
  • Where is the investment opportunity?

India Electric Vehicle Battery Market Report Segment

By Vehicle Type

  • Commercial Vehicles
  • Passenger Cars
  • Two-Wheelers

By Battery Type

  • NiMH
  • Li-ion
  • Others

By Propulsion Type

  • Battery Electric Vehicles
  • Plug-in Hybrid Electric Vehicle

For more customized data, request for report customization @ https://www.omrglobal.com/report-customization/india-electric-vehicle-battery-market

Company Profiles

  • Amara Raja Group
  • EON Electric Ltd.
  • Exide Industries Ltd
  • HBL Power Systems Ltd.
  • Hitachi, Ltd.
  • Indian Oil Corp. Ltd.
  • NEC Corp.
  • Panasonic Corp.
  • Samsung SDI Co., Ltd.
  • Tata Group

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  1. We cover more than 15 major industries, further segmented into more than 90 sectors.
  2. More than 120 countries are for analysis.
  3. Over 100+ paid data sources mined for investigation.
  4. Our expert research analysts answer all your questions before and after purchasing your report.

 

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By mukati