Product Code: ETC173683 | Publication Date: Aug 2023 | Updated Date: Apr 2025 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
The India Electric Vehicle Battery Market is projected to witness mixed growth rate patterns during 2025 to 2029. Growth accelerates to 30.31% in 2026, following an initial rate of 29.54%, before easing to 24.65% at the end of the period.
The electric vehicle battery market in India is expected to grow significantly over the next decade, driven by increasing government incentives and investments for promoting electric mobility. The adoption of lithium ion batteries as a power source has seen considerable demand due to their superior performance and low cost compared to other types of batteries. Moreover, the development of advanced battery technologies such as solid-state and graphene batteries are also likely to accelerate the growth of this market in India.
Some major drivers that have been driving the growth of the IndiaElectric Vehicle Battery Market include growing concerns about environmental pollution, rising fuel costs, increasing awareness about clean energy sources, favorable government regulations & initiatives for promoting e-mobility. Additionally, technological advancements such as rapid charging capabilities and higher energy density which improves range have further bolstered its demand.
There exist certain challenges that might hinder its progress such as lack of infrastructure support & inadequate knowledge regarding EV technology among consumers; high costs associated with purchasing EVs; limited availability of spare parts; safety & reliability issues related with Lithium ion battery technology etc. These factors can decrease consumer confidence towards electric vehicles which could negatively affect its overall sales numbers in future.
Some key players operating in the IndiaElectric Vehicle Battery Market are Exide Industries Ltd., Tata Power Solar Systems Ltd., Amaron Batteries Pvt Ltd., Panasonic Energy India Co., Primex Battery Technologies Pvt Ltd., Leclanche Advanced Energy Solutions Pvt Ltd., Su-Kam Power Systems Limited , Eon Electric Limited etc
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Electric Vehicle Battery Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Electric Vehicle Battery Market Revenues & Volume, 2020 & 2030F |
3.3 India Electric Vehicle Battery Market - Industry Life Cycle |
3.4 India Electric Vehicle Battery Market - Porter's Five Forces |
3.5 India Electric Vehicle Battery Market Revenues & Volume Share, By Vehicle Type, 2020 & 2030F |
3.6 India Electric Vehicle Battery Market Revenues & Volume Share, By Propulsion Type, 2020 & 2030F |
3.7 India Electric Vehicle Battery Market Revenues & Volume Share, By Battery Type, 2020 & 2030F |
4 India Electric Vehicle Battery Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Electric Vehicle Battery Market Trends |
6 India Electric Vehicle Battery Market, By Types |
6.1 India Electric Vehicle Battery Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 India Electric Vehicle Battery Market Revenues & Volume, By Vehicle Type, 2020-2030F |
6.1.3 India Electric Vehicle Battery Market Revenues & Volume, By Passenger Car, 2020-2030F |
6.1.4 India Electric Vehicle Battery Market Revenues & Volume, By Commercial Vehicle, 2020-2030F |
6.1.5 India Electric Vehicle Battery Market Revenues & Volume, By Two-Wheeler, 2020-2030F |
6.2 India Electric Vehicle Battery Market, By Propulsion Type |
6.2.1 Overview and Analysis |
6.2.2 India Electric Vehicle Battery Market Revenues & Volume, By Battery Electric Vehicle, 2020-2030F |
6.2.3 India Electric Vehicle Battery Market Revenues & Volume, By Hybrid Electric Vehicle, 2020-2030F |
6.2.4 India Electric Vehicle Battery Market Revenues & Volume, By Plug-in Hybrid Electric Vehicle, 2020-2030F |
6.3 India Electric Vehicle Battery Market, By Battery Type |
6.3.1 Overview and Analysis |
6.3.2 India Electric Vehicle Battery Market Revenues & Volume, By Lead Acid Battery, 2020-2030F |
6.3.3 India Electric Vehicle Battery Market Revenues & Volume, By Nickel Metal Hydride Battery, 2020-2030F |
6.3.4 India Electric Vehicle Battery Market Revenues & Volume, By Lithium ion Battery, 2020-2030F |
7 India Electric Vehicle Battery Market Import-Export Trade Statistics |
7.1 India Electric Vehicle Battery Market Export to Major Countries |
7.2 India Electric Vehicle Battery Market Imports from Major Countries |
8 India Electric Vehicle Battery Market Key Performance Indicators |
9 India Electric Vehicle Battery Market - Opportunity Assessment |
9.1 India Electric Vehicle Battery Market Opportunity Assessment, By Vehicle Type, 2020 & 2030F |
9.2 India Electric Vehicle Battery Market Opportunity Assessment, By Propulsion Type, 2020 & 2030F |
9.3 India Electric Vehicle Battery Market Opportunity Assessment, By Battery Type, 2020 & 2030F |
10 India Electric Vehicle Battery Market - Competitive Landscape |
10.1 India Electric Vehicle Battery Market Revenue Share, By Companies, 2023 |
10.2 India Electric Vehicle Battery Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |