car-battery-delhi

  According to the GMI Research forecasts, the India Electric Vehicle Battery Market is estimated to touch USD 963 million by the end of 2026, growing at a CAGR of 25.3% during 2019-2026. The rising environmental concerns, followed by the increasing number of government initiatives to reduce carbon emission by incentivizing electric vehicles, are the significant factors contributing to the growth of the India Electric Vehicle Battery Market. With a target of 50 GWh, the NITI Aayog plan would support the establishment of anywhere between three to ten giga-factories of 20 GWh to 5 GWh capacity each in the country. There is a dual recognition that the ecosystem needs to be developed, but that cannot be done overnight; it has to be achieved in a phased manner. Gujarat, which has already seen large-scale investments for Li-ion battery manufacturing, is offering additional support in the form of subsidized utilities under the state’s electronics policies. Telangana has announced the availabi

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