Lithium-ion batteries

November 14, 2024 3:29 PM

India’s lithium-ion battery import dependence to fall to 20% by FY27: CareEdge ratings report

India is making significant progress in reducing its reliance on imported lithium-ion (Li-ion) batteries, with the nation's import dependence projected to fall to just 20% by the financial year 2026-27, according to a report by CareEdge Ratings. At present, India meets nearly all of its 15 GWh demand for Li-ion batteries through imports. However, as the country's demand for advanced batteries surges, this figure is expected to grow to 54 GWh by FY27 and further to 127 GWh by FY30. The steep ris...

India will soon be in a position to export Lithium-ion batteries: Nitin Gadkari

Union Minister for Road Transport and Highways, Nitin Gadkari, announced on Tuesday that India will soon be in a position to export lithium-ion batteries. Speaking at the 64th annual convention of the Society of Indian Automobile Manufacturers (SIAM) in New Delhi, Gadkari expressed confidence in India's growing capability to manufacture and export these batteries worldwide. "I'm confident that soon we'll be exporting lithium-ion batteries to different parts of the world. Research is ongoing int...