India Electric Vehicle Battery Market 2025 Edition: Size, Share, Trends and Research Report by 2033

India Electric Vehicle Battery Market 2025-2033

According to IMARC Group's report titled "India Electric Vehicle Battery Market Report by Battery Type (Lithium-Ion Battery, Nickel-Metal Hydride Battery, Lead-Acid Battery, and Others), Propulsion Type (Battery Electric Vehicles, Plug-in Hybrid Electric Vehicles, Hybrid Electric Vehicles), Vehicle Type (Passenger Car, Commercial Vehicles, Two-Wheeler), and Region 2025-2033", The report offers a comprehensive analysis of the industry, including market share, growth, trends, and regional insights.

How Big is the India Electric Vehicle Battery Industry ?

The India electric vehicle battery market size was valued at USD 2,215 Million in 2024 and is expected to reach USD 13,891 Million by 2033, exhibiting a growth rate (CAGR) of 22.6% during 2025-2033.

India Electric Vehicle Battery Market Trends:

The Indian electric vehicle (EV) battery market is witnessing revolutionary trends as the country's quest for sustainable mobility and energy efficiency gains pace. Among the trends of note is the increasing application of lithium-ion batteries, which dominate the market with high energy density, increased battery life, and declining prices. Furthermore, the rising focus on local production of batteries is triggering local manufacturing, supported by government policies and incentives aimed at reducing import reliance.

In addition, technology advancements in battery technologies such as fast charging and solid-state batteries are improving performance and reducing range anxiety and charging network concerns. Finally, the push for battery recycling initiatives is increasing, enabling a circular economy while decreasing environmental impacts. Overall, the trends mirror the market stance on sustainability, innovation, and autonomy as it addresses the shifting needs of the EV ecosystem.

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India Electric Vehicle Battery Market Scope and Growth Analysis:

India electric vehicle battery market size and growth potential are immense, with its central role in India mobility electrification. The market is dominated primarily by the growing acceptance of electric vehicles across two-wheelers, three-wheelers, and passenger vehicles, supported by subsidies and government incentives. On the other hand, growth prospects are being shaped in the market through expansion and technological advancements of charging infrastructure, coupled with improved battery-swapping models, thus increasing convenience to customers.

Moreover, collaborations between car manufacturers, battery providers, and tech firms are spurring innovation and supply chain efficiency. Besides, the growing emphasis on integrating renewable power is driving demand for better battery storage systems, taking India a step closer to its vision for clean energy. Essentially, the Indian electric vehicle battery market is poised for long-term expansion, backed by friendly policies, technology integration, and increased sensitivity toward sustainability. Since the market continues to change, it is destined to be in the middle of defining the future of the nation's transportation and energy storage.

Competitor Landscape:

• Amara Raja Batteries Limited
• Exicom Tele-Systems Limited
• Exide Industries Ltd.
• Okaya Power Pvt. Ltd.
• Panasonic India Private Limited (Panasonic Corporation)
• Samsung SDI Company Limited
• TataAutoComp GY Batteries Private Limited
• Toshiba India Pvt. Ltd.

India Electric Vehicle Battery Industry Segmentation:

The report has segmented the market into the following categories:

Breakup by Battery Type:

• Lithium-Ion Battery
• Nickel-Metal Hydride Battery
• Lead-Acid Battery
• Others

Breakup by Propulsion Type:

• Battery Electric Vehicles
• Plug-in Hybrid Electric Vehicles
• Hybrid Electric Vehicles

Breakup by Vehicle Type:

• Passenger Car
• Commercial Vehicles
• Two-Wheeler

Breakup by Region:

• North India
• West and Central India
• South India
• East India

Other key areas covered in the report:

• COVID-19 Impact on the Market
• Porter's Five Forces Analysis
• Strategic Recommendations
• Market Dynamics
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape
• Top Winning Strategies
• Recent Industry News
• Key Technological Trends & Development

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Note: If you need specific information that is not currently within the scope of the report, we can provide it to you as a part of the customization.

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IMARC Group is a global management consulting firm that helps the world's most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services.

IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

This release was published on openPR.