Industry News6 Oct 2023
Lithium Battery Demand to Reach 250–500 GWh in India by FY33
In Short
India's lithium battery demand is projected to reach 250–500 GWh by FY33, according to industry estimates — a scale that would support EV penetration of around 50% of new vehicle sales by 2032–33.
The supply chain race
That demand is triggering investment across the battery value chain: cell manufacturing plants, recycling capacity and raw material sourcing. Domestic cell production would cut costs further and shield the market from import volatility.
For scooter buyers the trajectory is favourable: batteries — the single largest cost component of an EV — keep getting cheaper and better with every passing year.
