lithium-ion battery manufacturers in india
These companies are listed below, however there are no official updates available on their progress with the technology. Amara Raja Batteries , Andhra Pradesh. ... Bharat Electronics Limited BEL, Pune. Carborundum Universal Limited (CUMI), Kochi. Exicom power solutions, Gurgaon. GOCL, Hyderabad. Jyoti CNC Automation Ltd , Gujarat. 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 ...