India Electric Vehicle Battery Market | Forecast, COVID-19 IMPACT, Analysis, Size, Growth, Revenue, Value, Industry, Share, Companies & Trends

Market Forecast By Vehicle Type (Passenger Car, Commercial Vehicle, Two-Wheeler), By Propulsion Type (Battery Electric Vehicle, Hybrid Electric Vehicle, Plug-in Hybrid Electric Vehicle), By Battery Type (Lead Acid Battery, Nickel Metal Hydride Battery, Lithium ion Battery) And Competitive Landscape
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

India Electric Vehicle Battery Market Size Growth Rate


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.

India Electric Vehicle Battery Market Growth Rate

India Electric Vehicle Battery Market Size Growth Rate

India Electric Vehicle Battery Market Synopsis

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.

Market Drivers

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.

Challenges of the Market

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.

Key Players in the Market

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

Key Highlights of the Report:

  • India Electric Vehicle Battery Market Outlook
  • Market Size of India Electric Vehicle Battery Market, 2023
  • Forecast of India Electric Vehicle Battery Market, 2030
  • Historical Data and Forecast of India Electric Vehicle Battery Revenues & Volume for the Period 2020-2030
  • India Electric Vehicle Battery Market Trend Evolution
  • India Electric Vehicle Battery Market Drivers and Challenges
  • India Electric Vehicle Battery Price Trends
  • India Electric Vehicle Battery Porter's Five Forces
  • India Electric Vehicle Battery Industry Life Cycle
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Vehicle Type for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Passenger Car for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Commercial Vehicle for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Two-Wheeler for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Propulsion Type for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Battery Electric Vehicle for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Hybrid Electric Vehicle for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Plug-in Hybrid Electric Vehicle for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Battery Type for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Lead Acid Battery for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Nickel Metal Hydride Battery for the Period 2020-2030
  • Historical Data and Forecast of India Electric Vehicle Battery Market Revenues & Volume By Lithium ion Battery for the Period 2020-2030
  • India Electric Vehicle Battery Import Export Trade Statistics
  • Market Opportunity Assessment By Vehicle Type
  • Market Opportunity Assessment By Propulsion Type
  • Market Opportunity Assessment By Battery Type
  • India Electric Vehicle Battery Top Companies Market Share
  • India Electric Vehicle Battery Competitive Benchmarking By Technical and Operational Parameters
  • India Electric Vehicle Battery Company Profiles
  • India Electric Vehicle Battery Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6W monitors the market across 60+ countries Globally, publishing an annual market outlook report that analyses trends, key drivers, Size, Volume, Revenue, opportunities, and market segments. This report offers comprehensive insights, helping businesses understand market dynamics and make informed decisions.
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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

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