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Virtual Virtual Event
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Specialist Approach for EV & ESS Battery Businesses in India: Business Strategies, Future Outlook & Sustainable Value Chain

8th September 2020 @ 3:30 pm - 5:00 pm IST

Virtual Virtual Event

Indian Government’s Atma Nirbhar initiative has created many opportunities for Battery Makers in EV and Renewable Energy Portfolio. Today, EVs, Large Scale Solar + Storage, Hybrid, Industrial UPS backup systems are all powered by batteries. Keeping this in mind to secure the production against all potential supply-chain disruptions, the Government of India has made ambitious plans to indigenise cell and battery manufacturing. The likely economic opportunity from battery manufacturing to meet Indian EV targets is approximately INR 6 to 9 lakh crores by 2030 (NITI Aayog-RMI, 2018). This includes the imports of components to make battery packs and also limited cell production. With a target of 50 GWh, the NITI Aayog plan is planning support the establishment of anywhere between three to ten giga-factories of 20 GWh to 5 GWh capacity each in the country, multiple state governments are also offering capital subsidies to deliver the infrastructural need for such giga-factories such as Gujarat, Telangana, Andhra Pradesh, Karnataka etc.

Estimating the India market to account for over 300GWh (2019-25) considering ESS & EV opportunities, around USD 5 billion investments are expected to be attracted supporting 50+GWh capacities for multiple li-ion battery GIGA factories. Battery accounts for 40% of the total cost of manufacturing of the electric vehicle, Li-ion battery market in India is expected to increase from 2.9 GWh in 2018 to about 132 GWh by 2030, growing at a compound annual growth rate (CAGR) of 35.5%. The Li-ion battery market in India is expected to increase to about 132 GWh by 2030. India imported $1.23 Bn worth lof Li-ion batteries between 2018 and 2019. Having said this the LIB and Battery Businesses still needs a clear roadmap to enable a large-scale techno-economical ecosystem aligned with Indian requirements which includes technology and business partnership and bilateral trade agreements with various countries.

The goal of this ExpertTalk is to inform Battery Businesses & Indian Corporates who would like to stay up to date on the constantly evolving landscape of India’s Dynamic EV & ESS Market and Plan A Winning Business Strategy.


8th September 2020
3:30 pm - 5:00 pm IST
Event Category:
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Ajaz Shaikh