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India's battery makers see beyond subsidies

As India's electric vehicle sector transitions away from government subsidies toward self-sufficiency, battery manufacturers are implementing innovative strategies and investing in research and development while establishing robust supply chains to ensure sustainable growth in the rapidly evolving market.

By Prerna Lidhoo & Amit Vijay M

27 Nov 2024

8297 Views

India's battery makers see beyond subsidies

India's EV market has been like a young sapling in a greenhouse, nurtured under the protective warmth of subsidies that provided the right environment for growth while keeping external challenges at bay. Now, as the glass walls are taken away, can this sapling grow into a resilient tree?

Batteries are arguably the most critical and fundamental component of the EV ecosystem, and any look at the overall EV market should therefore first begin with battery makers. They can be described as the unsung heroes of this transformation—experimenting with cutting-edge chemistries, bold investments and localised production as they race to ...

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