India Electric Vehicle Battery Market 2025-2033

According to IMARC Group's report titled "India Electric Vehicle Battery Market Report by Battery Type (Lithium-Ion Battery, Nickel-Metal Hydride Battery, Lead-Acid Battery, and Others), Propulsion Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, Hybrid Electric Vehicles), Vehicle Type (Passenger Car, Commercial Vehicles, Two-Wheeler), and Region 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

How Big is the India Electric Vehicle Battery Industry ?

The India electric vehicle battery market size was valued at USD 2,215 Million in 2024 and is expected to reach USD 13,891 Million by 2033, exhibiting a growth rate (CAGR) of 22.6% during 2025-2033.

India Electric Vehicle Battery Market Trends:

The Indian electric vehicle (EV) battery industry is experiencing revolutionary trends as the nation's pursuit of sustainable mobility and energy efficiency gains momentum. Among the notable trends is the growing use of lithium-ion batteries, which hold a strong market share with high energy density, longer battery life, and falling prices. In addition, the increasing emphasis on local battery production is stimulating local production, backed by government policies and incentives seeking to lower import dependence.

Furthermore, technology improvements in battery solutions like solid-state and fast charging are leading to better performance and mitigating concerns over range anxiety and charging networks. Lastly, the development of battery recycling efforts is on the rise, supporting a circular economy and lowering environmental footprints. In essence, these trends reflect the market position on innovation, sustainability, and autonomy as it caters to the changing needs of the EV ecosystem.
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India Electric Vehicle Battery Market Scope and Growth Analysis:

The market size and potential for growth of India electric vehicle batteries are large, led by its pivotal function in electrification of mobility in India. The market is led mainly by the expanding adoption of electric vehicles in two-wheelers, three-wheelers, and passenger vehicles, aided by government incentives and subsidies. Additionally, charging infrastructure expansion and innovations in battery-swapping models are building strong growth opportunities in the market, making it more convenient for consumers.

Additionally, partnerships among automakers, battery suppliers, and technology companies are encouraging innovation and supply chain effectiveness. In addition, the increased focus on renewable energy integration is fueling the need for improved battery storage systems, bringing India closer to its clean energy aspirations. Essentially, the India electric vehicle battery market is on the verge of long-term growth, driven by supportive policies, technology integration, and growing concern about sustainability. As the market keeps on evolving, it is likely to be at the center of shaping the country's transportation and energy storage future.

Competitor Landscape:

1. Amara Raja Batteries Limited

2. Exicom Tele-Systems Limited

3. Exide Industries Ltd.

4. Okaya Power Pvt. Ltd.

5. Panasonic India Private Limited (Panasonic Corporation)

6. Samsung SDI Company Limited

7. TataAutoComp GY Batteries Private Limited

8. Toshiba India Pvt. Ltd.

India Electric Vehicle Battery Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Battery Type:

1. Lithium-Ion Battery

2. Nickel-Metal Hydride Battery

3. Lead-Acid Battery

4. Others

Breakup by Propulsion Type:

1. Battery Electric Vehicles

2. Plug-in Hybrid Electric Vehicles

3. Hybrid Electric Vehicles

Breakup by Vehicle Type:

1. Passenger Car

2. Commercial Vehicles

3. Two-Wheeler

Breakup by Region:

1. North India

2. West and Central India

3. South India

4. East India

Other key areas covered in the report:

1. COVID-19 Impact on the Market

2. Porter’s Five Forces Analysis

3. Strategic Recommendations

4. Market Dynamics

5. Historical, Current and Future Market Trends

6. Market Drivers and Success Factors

7. SWOT Analysis

8. Value Chain Analysis

9. Comprehensive Mapping of the Competitive Landscape

10. Top Winning Strategies

11. Recent Industry News

12. Key Technological Trends & Development

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