A study by Accenture for ICEA estimates India’s EV battery demand will grow at a 48% CAGR from 2025 to 2030. Stationary storage will grow at 14% and consumer electronics at 3% during the same period.
Domestic Cell Manufacturing Gathers Momentum
India is building a strong domestic cell manufacturing ecosystem to meet rising lithium-ion battery demand. Supported by the PLI scheme for ACC Battery Storage, the country aims to reach around 220 GWh of manufacturing capacity by 2030.
Rajesh Exports, Ola Electric, and Reliance New Energy Solar have secured PLI benefits for 40 GWh, advancing India’s battery manufacturing efforts.
Supply Chain Challenges and Material Dependencies
Despite strong manufacturing plans, India relies on imports for key battery materials like lithium, cobalt, nickel, and manganese. Meeting demand may require $5–11 billion in imports.
Recycling as a Strategic Resource Alternative
To reduce import dependency and secure a reliable domestic supply, the study highlights battery recycling as a vital opportunity. Efficient recycling of spent LiBs can help recover valuable metals and create a circular economy, enhancing India’s resource security while reducing environmental impact.
Conclusion
India’s lithium-ion battery demand is surging with the EV boom and strong policies. However, msn.com reports that sustainable growth needs raw material planning, recycling, and supply chain resilience.
