India EV Battery Pack Market Size
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Study Period | 2017 - 2029 |
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Market Size (2024) | USD 0.3 Billion |
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Market Size (2029) | USD 4.06 Billion |
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Largest Share by Propulsion Type | BEV |
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CAGR (2024 - 2029) | 68.21 % |
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Fastest Growing by Propulsion Type | BEV |
Major Players |
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*Disclaimer: Major Players sorted in no particular order |
India EV Battery Pack Market Analysis
The India EV Battery Pack Market size is estimated at 0.3 billion USD in 2024, and is expected to reach 4.06 billion USD by 2029, growing at a CAGR of 68.21% during the forecast period (2024-2029).
0.3 Billion
Market Size in 2024 (USD)
4.06 Billion
Market Size in 2029 (USD)
128.52 %
CAGR (2022-2023)
68.21 %
CAGR (2024-2029)
Largest Segment by Body Type
88.81 %
value share, Passenger Car, 2023
Electric cars is the largest by body type, due to the lauch of affordable EVs, incentives like tax breaks, the benefit of EVs over old vehicles, and stringent norms.
Largest Segment by Propulsion Type
99.89 %
value share, BEV, 2023
BEVs have the strongest global EV sales growth due to their affordability, low maintenance, zero emissions, and no fuel costs compared to PHEV's
Largest Segment by Battery Chemistry
86.13 %
value share, LFP, 2023
LFP batteries are the most popular because to their low cost, extended range, durability, and Chinese manufacturing (majority of the batteries are imported).
Largest Segment by Battery Form
99.05 %
value share, Prismatic, 2023
Due to their low cost, great safety, and high density per volume, prismatic cells are the most common battery form in EVs across India.
Leading Market Player
82.57 %
market share, Tata Autocomp Systems Ltd., 2022
Tata AutoComp Systems Ltd. dominates India's electric vehicle battery pack industry due to its domestic battery manufacture, affordable EVs, and extensive sales network.
Government policies, environmental awareness, and cost advantages over plug-in hybrids are expected to boost the electric vehicle battery industry in India
- Electric vehicles have become an essential part of the automotive industry, as they aim to improve energy efficiency and decrease emissions of pollutants and other greenhouse gases. Stringent emission norms by the government, awareness regarding electric vehicles, the benefits of EVs over conventional vehicles, and government subsidies further encourage customers to invest in electric vehicles. As a result, the demand for lithium-ion batteries is also increasing for various types of batteries, such as battery electric vehicles and plug-in hybrid electric vehicles in India.
- The demand for battery electric vehicles is higher compared to plug-in hybrid electric vehicles due to more options available for electric vehicles. As a result, the demand for large batteries used in pure electric vehicles is high compared to those used in plug-in electric vehicles. Plug-in hybrid technology is costly and is not easily affordable for everyone in the country. As a result, lithium-ion batteries used in pure electric vehicles have grown in India.
- The rising demand for battery electric vehicles is also growing, along with the need for lithium-ion batteries. However, various companies are launching new products in the plug-in hybrid category. In January 2023, at the auto expo, MG unveiled its plug-in hybrid electric car, eHS, which will be launched in India in the near future. Launching new products is expected to boost the electric vehicle and battery industry in India between 2024 and 2029.
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India EV Battery Pack Market Trends
THE INDIAN ELECTRIC VEHICLE MARKET IS DOMINATED BY TATA MOTORS
- The Indian electric vehicle market is at an initial stage. The market is highly consolidated and largely driven by five major companies, which together held more than 95% of the market in 2022. These companies include Toyota Group, MG, BYD India, Tata Motors, and Hyundai. Tata Motors is the largest seller of electric vehicles in India, accounting for around 65% of the share in EV sales. As a domestic manufacturer, the company enjoys the trust and reliability of consumers. It extensively focuses on its pricing strategy and offers products with competitive pricing compared to other brands in India.
- Toyota Group holds a market share of around 22%, making it the second-largest seller of electric vehicles across India. The company offers advanced electric compact SUVs with affordable pricing in the growing automotive industry. Its brand image and vast presence in the Indian market have aided the growth of the company in the country. MG holds the third-highest market share of 7.27% in electric vehicle sales. The company is growing its share in the Indian market by offering technologically advanced products.
- Hyundai Motors has attained fourth place in EV sales across India. The South Korean brand has had a strong hold on Indian customers over the past few years and is also growing its share in the Indian electric vehicle industry gradually. The fifth-largest player operating in the Indian EV market is BYD, with a market share of around 1.1%. Some of the other players selling EVS in India include Mahindra, Kia, BMW, Mercedes, and Olectra.
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TATA MOTORS ACCOUNTS FOR OVER 60% OF EV SALES IN INDIA, DRIVING BATTERY PACK DEMAND
- The Indian electric vehicle market is still in a developing phase, and the demand for electric vehicles is growing gradually in the country. Consumers in India are looking for economical options, and various brands in India are seeking to cater to this demand by offering good options for electric compact SUVs. As a result, the demand for compact SUVs is growing in the country. India has also witnessed an increasing demand for electric compact SUVs in recent years.
- The country has witnessed good sales of compact SUVs as people are gradually expressing a preference for sporty and adventurous rides, and India currently has limited options for electric sedans or hatchbacks. Tata Nexon EV recorded significant sales growth in 2022 as one of the most affordable full electric compact SUVs in India with good range and good power. People in India are showing interest in various brands such as Toyota, owing to the company's highly reliable brand image. The company is a bestselling brand and witnessed good sales of its compact SUV, Urban Cruiser Hyryder, in 2022.
- ZS EV was also one of the bestsellers from MG in the Indian EV market in 2022, with a full-electric powertrain with a range of 250+ km and many other attractive features. The Indian EV market also features a variety of electric SUVs and sedans from various international brands. One of the common cars is the Hyundai Kona, which registered good sales in 2022. Other cars in the Indian EV market that are popular with customers include Volvo XC 40 Recharge and Tata Tigor EV.
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OTHER KEY INDUSTRY TRENDS COVERED IN THE REPORT
- GOVERNMENT INITIATIVES AND STRINGENT NORMS DRIVING RAPID GROWTH IN THE INDIAN ELECTRIC VEHICLE MARKET
- ELECTRIC VEHICLE SALES IN INDIA INCREASING DUE TO FALLING BATTERY PRICES AND GOVERNMENT INCENTIVES
- INDIAN EV BATTERY MARKET SET FOR MAJOR PRICE DROPS, WILL DRIVE ELECTRIC MOBILITY AND CLEAN ENERGY TRANSITION
- VARIOUS NEW ENTRANCES AND NEW PRODUCT LAUNCHES WILL ACCELERATE THE INDIAN EV BATTERY PACK MARKET
- TATA MOTORS DOMINATES THE INDIAN EV MARKET FOR LFP BATTERY CHEMISTRY
- SURGING ELECTRIC VEHICLE DEMAND IN INDIA IS FUELING GROWTH IN BATTERY MATERIALS, WITH LFP BATTERIES DOMINATING THE MARKET
- THE INDIAN EV MARKET IS EXPANDING BECAUSE OF RISING CONSUMER INTEREST AND BETTER BATTERY TECHNOLOGY
India EV Battery Pack Industry Overview
The India EV Battery Pack Market is moderately consolidated, with the top five companies occupying 43.03%. The major players in this market are Contemporary Amperex Technology Co. Ltd. (CATL), Denso Corporation, LG Energy Solution Ltd., Panasonic Holdings Corporation and Tata Autocomp Systems Ltd. (sorted alphabetically).
India EV Battery Pack Market Leaders
Contemporary Amperex Technology Co. Ltd. (CATL)
Denso Corporation
LG Energy Solution Ltd.
Panasonic Holdings Corporation
Tata Autocomp Systems Ltd.
Other important companies include Amara Raja Batteries Ltd., Exicom Tele-Systems Ltd., Exide Industries Ltd., Manikaran Power Ltd., Nexcharge, Samsung SDI Co. Ltd., TOSHIBA Corp..
*Disclaimer: Major Players sorted in alphabetical order.
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India EV Battery Pack Market News
- April 2023: CATL announced that it will launch its sodium-ion battery in Chery models first. In addition, the two parties will jointly build the new ENER-Q battery brand, covering all application scenarios of all power types and all material systems.
- March 2023: Contemporary Amperex Technology Co., Ltd. (CATL) announced that it signed a strategic cooperation agreement on business cooperation and advanced technology development with Beijing Automotive Group Co., Ltd. (BAIC Group).
- March 2023: Contemporary Amperex Technology Co., Ltd. (CATL) announced that it has established a joint venture (JV) named Jiefang Shidai New Energy Technology Co., Ltd. with FAW Jiefang Automotive Co., Ltd. (FAW Jiefang). The JV has a registered capital of CNY 90 million, with CATL and FAW Jiefang each holding a 50% share.
Free with this Report
Our comprehensive data set offers over 120 free charts, providing detailed regional and country-level insights into the EV battery pack industry. This includes analyses of distribution and production centers, variations in average selling prices (ASPs) across different regions, and a deep dive into industry trends like demand shifts and technological innovations. We also offer a thorough market segmentation, examining different battery chemistries, capacities, and form factors, alongside an in-depth understanding of market trends such as the adoption of advanced technologies and the impact of environmental regulations. Additionally, we provide an overview of major industry players, a look at the regulatory landscape, and market size analysis in terms of revenue and volume, all culminating in projections and forecasts that consider emerging trends and potential industry shifts.
India EV Battery Pack Market Report - Table of Contents
1. EXECUTIVE SUMMARY & KEY FINDINGS
2. REPORT OFFERS
3. INTRODUCTION
- 3.1 Study Assumptions & Market Definition
- 3.2 Scope of the Study
- 3.3 Research Methodology
4. KEY INDUSTRY TRENDS
- 4.1 Electric Vehicle Sales
- 4.2 Electric Vehicle Sales By OEMs
- 4.3 Best-selling EV Models
- 4.4 OEMs With Preferable Battery Chemistry
- 4.5 Battery Pack Price
- 4.6 Battery Material Cost
- 4.7 Price Chart Of Different Battery Chemistry
- 4.8 Who Supply Whom
- 4.9 EV Battery Capacity And Efficiency
- 4.10 Number Of EV Models Launched
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4.11 Regulatory Framework
- 4.11.1 India
- 4.12 Value Chain & Distribution Channel Analysis
5. MARKET SEGMENTATION (includes market size in Value in USD and Volume, Forecasts up to 2029 and analysis of growth prospects)
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5.1 Body Type
- 5.1.1 Bus
- 5.1.2 LCV
- 5.1.3 M&HDT
- 5.1.4 Passenger Car
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5.2 Propulsion Type
- 5.2.1 BEV
- 5.2.2 PHEV
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5.3 Battery Chemistry
- 5.3.1 LFP
- 5.3.2 NCM
- 5.3.3 NMC
- 5.3.4 Others
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5.4 Capacity
- 5.4.1 15 kWh to 40 kWh
- 5.4.2 40 kWh to 80 kWh
- 5.4.3 Above 80 kWh
- 5.4.4 Less than 15 kWh
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5.5 Battery Form
- 5.5.1 Cylindrical
- 5.5.2 Pouch
- 5.5.3 Prismatic
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5.6 Method
- 5.6.1 Laser
- 5.6.2 Wire
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5.7 Component
- 5.7.1 Anode
- 5.7.2 Cathode
- 5.7.3 Electrolyte
- 5.7.4 Separator
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5.8 Material Type
- 5.8.1 Cobalt
- 5.8.2 Lithium
- 5.8.3 Manganese
- 5.8.4 Natural Graphite
- 5.8.5 Nickel
- 5.8.6 Other Materials
6. COMPETITIVE LANDSCAPE
- 6.1 Key Strategic Moves
- 6.2 Market Share Analysis
- 6.3 Company Landscape
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6.4 Company Profiles
- 6.4.1 Amara Raja Batteries Ltd.
- 6.4.2 Contemporary Amperex Technology Co. Ltd. (CATL)
- 6.4.3 Denso Corporation
- 6.4.4 Exicom Tele-Systems Ltd.
- 6.4.5 Exide Industries Ltd.
- 6.4.6 LG Energy Solution Ltd.
- 6.4.7 Manikaran Power Ltd.
- 6.4.8 Nexcharge
- 6.4.9 Panasonic Holdings Corporation
- 6.4.10 Samsung SDI Co. Ltd.
- 6.4.11 Tata Autocomp Systems Ltd.
- 6.4.12 TOSHIBA Corp.
- *List Not Exhaustive
7. KEY STRATEGIC QUESTIONS FOR EV BATTERY PACK CEOS
8. APPENDIX
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8.1 Global Overview
- 8.1.1 Overview
- 8.1.2 Porter’s Five Forces Framework
- 8.1.3 Global Value Chain Analysis
- 8.1.4 Market Dynamics (DROs)
- 8.2 Sources & References
- 8.3 List of Tables & Figures
- 8.4 Primary Insights
- 8.5 Data Pack
- 8.6 Glossary of Terms
List of Tables & Figures
- Figure 1:
- ELECTRIC VEHICLE SALES, BY BODY TYPE, UNITS, INDIA, 2017 - 2029
- Figure 2:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, INDIA, 2023
- Figure 3:
- ELECTRIC VEHICLE SALES, BY MAJOR OEMS, UNITS, INDIA, 2023
- Figure 4:
- BEST-SELLING EV MODELS, UNITS, INDIA, 2023
- Figure 5:
- OEMS MARKET SHARE BY ELECTRIC VEHICLE BATTERY CHEMISTRY, VOLUME %, INDIA, 2023
- Figure 6:
- ELECTRIC VEHICLE BATTERY CELL AND PACK PRICE, USD, INDIA, 2017 - 2029
- Figure 7:
- ELECTRIC VEHICLE KEY BATTERY MATERIAL PRICE, BY MATERIAL, USD, INDIA, 2017 - 2029
- Figure 8:
- ELECTRIC VEHICLE BATTERY PRICE, BY BATTERY CHEMISTRY, USD, INDIA, 2017 - 2029
- Figure 9:
- EV BATTERY PACK CAPACITY AND EFFICIENCY, KM/KWH, INDIA, 2023
- Figure 10:
- UPCOMING EV MODELS, BY BODY TYPE, UNITS, INDIA, 2023
- Figure 11:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, KWH, INDIA, 2017 - 2029
- Figure 12:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, USD, INDIA, 2017 - 2029
- Figure 13:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BODY TYPE, KWH, INDIA, 2017 - 2029
- Figure 14:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BODY TYPE, USD, INDIA, 2017 - 2029
- Figure 15:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VOLUME SHARE (%), INDIA, 2022 & 2029
- Figure 16:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2022 & 2029
- Figure 17:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BUS, KWH, INDIA, 2017 - 2029
- Figure 18:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BUS, USD, INDIA, 2017 - 2029
- Figure 19:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 20:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LCV, KWH, INDIA, 2017 - 2029
- Figure 21:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LCV, USD, INDIA, 2017 - 2029
- Figure 22:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 23:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY M&HDT, KWH, INDIA, 2017 - 2029
- Figure 24:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY M&HDT, USD, INDIA, 2017 - 2029
- Figure 25:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 26:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY PASSENGER CAR, KWH, INDIA, 2017 - 2029
- Figure 27:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY PASSENGER CAR, USD, INDIA, 2017 - 2029
- Figure 28:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 29:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY PROPULSION TYPE, KWH, INDIA, 2017 - 2029
- Figure 30:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY PROPULSION TYPE, USD, INDIA, 2017 - 2029
- Figure 31:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, PROPULSION TYPE, VOLUME SHARE (%), INDIA, 2022 & 2029
- Figure 32:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, PROPULSION TYPE, VALUE SHARE (%), INDIA, 2022 & 2029
- Figure 33:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BEV, KWH, INDIA, 2017 - 2029
- Figure 34:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BEV, USD, INDIA, 2017 - 2029
- Figure 35:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 36:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY PHEV, KWH, INDIA, 2017 - 2029
- Figure 37:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY PHEV, USD, INDIA, 2017 - 2029
- Figure 38:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 39:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, KWH, INDIA, 2017 - 2029
- Figure 40:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BATTERY CHEMISTRY, USD, INDIA, 2017 - 2029
- Figure 41:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VOLUME SHARE (%), INDIA, 2022 & 2029
- Figure 42:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BATTERY CHEMISTRY, VALUE SHARE (%), INDIA, 2022 & 2029
- Figure 43:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LFP, KWH, INDIA, 2017 - 2029
- Figure 44:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LFP, USD, INDIA, 2017 - 2029
- Figure 45:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 46:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY NCM, KWH, INDIA, 2017 - 2029
- Figure 47:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY NCM, USD, INDIA, 2017 - 2029
- Figure 48:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 49:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY NMC, KWH, INDIA, 2017 - 2029
- Figure 50:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY NMC, USD, INDIA, 2017 - 2029
- Figure 51:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 52:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY OTHERS, KWH, INDIA, 2017 - 2029
- Figure 53:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY OTHERS, USD, INDIA, 2017 - 2029
- Figure 54:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 55:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY CAPACITY, KWH, INDIA, 2017 - 2029
- Figure 56:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY CAPACITY, USD, INDIA, 2017 - 2029
- Figure 57:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, CAPACITY, VOLUME SHARE (%), INDIA, 2022 & 2029
- Figure 58:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, CAPACITY, VALUE SHARE (%), INDIA, 2022 & 2029
- Figure 59:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, KWH, INDIA, 2017 - 2029
- Figure 60:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY 15 KWH TO 40 KWH, USD, INDIA, 2017 - 2029
- Figure 61:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 62:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, KWH, INDIA, 2017 - 2029
- Figure 63:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY 40 KWH TO 80 KWH, USD, INDIA, 2017 - 2029
- Figure 64:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 65:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY ABOVE 80 KWH, KWH, INDIA, 2017 - 2029
- Figure 66:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY ABOVE 80 KWH, USD, INDIA, 2017 - 2029
- Figure 67:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 68:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, KWH, INDIA, 2017 - 2029
- Figure 69:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LESS THAN 15 KWH, USD, INDIA, 2017 - 2029
- Figure 70:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 71:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BATTERY FORM, KWH, INDIA, 2017 - 2029
- Figure 72:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY BATTERY FORM, USD, INDIA, 2017 - 2029
- Figure 73:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BATTERY FORM, VOLUME SHARE (%), INDIA, 2022 & 2029
- Figure 74:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BATTERY FORM, VALUE SHARE (%), INDIA, 2022 & 2029
- Figure 75:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY CYLINDRICAL, KWH, INDIA, 2017 - 2029
- Figure 76:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY CYLINDRICAL, USD, INDIA, 2017 - 2029
- Figure 77:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 78:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY POUCH, KWH, INDIA, 2017 - 2029
- Figure 79:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY POUCH, USD, INDIA, 2017 - 2029
- Figure 80:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 81:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY PRISMATIC, KWH, INDIA, 2017 - 2029
- Figure 82:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY PRISMATIC, USD, INDIA, 2017 - 2029
- Figure 83:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 84:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY METHOD, KWH, INDIA, 2017 - 2029
- Figure 85:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY METHOD, USD, INDIA, 2017 - 2029
- Figure 86:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, METHOD, VOLUME SHARE (%), INDIA, 2022 & 2029
- Figure 87:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, METHOD, VALUE SHARE (%), INDIA, 2022 & 2029
- Figure 88:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LASER, KWH, INDIA, 2017 - 2029
- Figure 89:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LASER, USD, INDIA, 2017 - 2029
- Figure 90:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 91:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY WIRE, KWH, INDIA, 2017 - 2029
- Figure 92:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY WIRE, USD, INDIA, 2017 - 2029
- Figure 93:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 94:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY COMPONENT, UNITS, INDIA, 2017 - 2029
- Figure 95:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY COMPONENT, USD, INDIA, 2017 - 2029
- Figure 96:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, COMPONENT, VOLUME SHARE (%), INDIA, 2022 & 2029
- Figure 97:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, COMPONENT, VALUE SHARE (%), INDIA, 2022 & 2029
- Figure 98:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY ANODE, UNITS, INDIA, 2017 - 2029
- Figure 99:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY ANODE, USD, INDIA, 2017 - 2029
- Figure 100:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 101:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY CATHODE, UNITS, INDIA, 2017 - 2029
- Figure 102:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY CATHODE, USD, INDIA, 2017 - 2029
- Figure 103:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 104:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY ELECTROLYTE, UNITS, INDIA, 2017 - 2029
- Figure 105:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY ELECTROLYTE, USD, INDIA, 2017 - 2029
- Figure 106:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 107:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY SEPARATOR, UNITS, INDIA, 2017 - 2029
- Figure 108:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY SEPARATOR, USD, INDIA, 2017 - 2029
- Figure 109:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 110:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY MATERIAL TYPE, KG, INDIA, 2017 - 2029
- Figure 111:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY MATERIAL TYPE, USD, INDIA, 2017 - 2029
- Figure 112:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, MATERIAL TYPE, VOLUME SHARE (%), INDIA, 2022 & 2029
- Figure 113:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, MATERIAL TYPE, VALUE SHARE (%), INDIA, 2022 & 2029
- Figure 114:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY COBALT, KG, INDIA, 2017 - 2029
- Figure 115:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY COBALT, USD, INDIA, 2017 - 2029
- Figure 116:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 117:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LITHIUM, KG, INDIA, 2017 - 2029
- Figure 118:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY LITHIUM, USD, INDIA, 2017 - 2029
- Figure 119:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 120:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY MANGANESE, KG, INDIA, 2017 - 2029
- Figure 121:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY MANGANESE, USD, INDIA, 2017 - 2029
- Figure 122:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 123:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, KG, INDIA, 2017 - 2029
- Figure 124:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY NATURAL GRAPHITE, USD, INDIA, 2017 - 2029
- Figure 125:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 126:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY NICKEL, KG, INDIA, 2017 - 2029
- Figure 127:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY NICKEL, USD, INDIA, 2017 - 2029
- Figure 128:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 129:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY OTHER MATERIALS, KG, INDIA, 2017 - 2029
- Figure 130:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BY OTHER MATERIALS, USD, INDIA, 2017 - 2029
- Figure 131:
- BREAKDOWN OF INDIA EV BATTERY PACK MARKET, BODY TYPE, VALUE SHARE (%), INDIA, 2017-2029
- Figure 132:
- INDIA EV BATTERY PACK MARKET, MOST ACTIVE COMPANIES, BY NUMBER OF STRATEGIC MOVES, 2020 - 2022
- Figure 133:
- INDIA EV BATTERY PACK MARKET, MOST ADOPTED STRATEGIES, 2020 - 2022
- Figure 134:
- INDIA EV BATTERY PACK MARKET SHARE(%), BY MAJOR PLAYER REVENUE, 2023
India EV Battery Pack Industry Segmentation
Bus, LCV, M&HDT, Passenger Car are covered as segments by Body Type. BEV, PHEV are covered as segments by Propulsion Type. LFP, NCM, NMC, Others are covered as segments by Battery Chemistry. 15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh are covered as segments by Capacity. Cylindrical, Pouch, Prismatic are covered as segments by Battery Form. Laser, Wire are covered as segments by Method. Anode, Cathode, Electrolyte, Separator are covered as segments by Component. Cobalt, Lithium, Manganese, Natural Graphite, Nickel are covered as segments by Material Type.
- Electric vehicles have become an essential part of the automotive industry, as they aim to improve energy efficiency and decrease emissions of pollutants and other greenhouse gases. Stringent emission norms by the government, awareness regarding electric vehicles, the benefits of EVs over conventional vehicles, and government subsidies further encourage customers to invest in electric vehicles. As a result, the demand for lithium-ion batteries is also increasing for various types of batteries, such as battery electric vehicles and plug-in hybrid electric vehicles in India.
- The demand for battery electric vehicles is higher compared to plug-in hybrid electric vehicles due to more options available for electric vehicles. As a result, the demand for large batteries used in pure electric vehicles is high compared to those used in plug-in electric vehicles. Plug-in hybrid technology is costly and is not easily affordable for everyone in the country. As a result, lithium-ion batteries used in pure electric vehicles have grown in India.
- The rising demand for battery electric vehicles is also growing, along with the need for lithium-ion batteries. However, various companies are launching new products in the plug-in hybrid category. In January 2023, at the auto expo, MG unveiled its plug-in hybrid electric car, eHS, which will be launched in India in the near future. Launching new products is expected to boost the electric vehicle and battery industry in India between 2024 and 2029.
| Body Type | Bus |
| LCV | |
| M&HDT | |
| Passenger Car | |
| Propulsion Type | BEV |
| PHEV | |
| Battery Chemistry | LFP |
| NCM | |
| NMC | |
| Others | |
| Capacity | 15 kWh to 40 kWh |
| 40 kWh to 80 kWh | |
| Above 80 kWh | |
| Less than 15 kWh | |
| Battery Form | Cylindrical |
| Pouch | |
| Prismatic | |
| Method | Laser |
| Wire | |
| Component | Anode |
| Cathode | |
| Electrolyte | |
| Separator | |
| Material Type | Cobalt |
| Lithium | |
| Manganese | |
| Natural Graphite | |
| Nickel | |
| Other Materials |
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Market Definition
- Battery Chemistry - Various types of battery chemistry considred under this segment include LFP, NCA, NCM, NMC, Others.
- Battery Form - The types of battery forms offered under this segment include Cylindrical, Pouch and Prismatic.
- Body Type - Body types considered under this segment include, passenger cars, LCV (light commercial vehicle), M&HDT (medium & heavy duty trucks)and buses.
- Capacity - Various types of battery capacities inldude under theis segment are 15 kWH to 40 kWH, 40 kWh to 80 kWh, Above 80 kWh and Less than 15 kWh.
- Component - Various components covered under this segment include anode, cathode, electrolyte, separator.
- Material Type - Various material covered under this segment include cobalt, lithium, manganese, natural graphite, nickel, other material.
- Method - The types of method covered under this segment include laser and wire.
- Propulsion Type - Propulsion types considered under this segment include BEV (Battery electric vehicles), PHEV (plug-in hybrid electric vehicle).
- ToC Type - ToC 1
- Vehicle Type - Vehicle type considered under this segment include passenger vehicles, and commercial vehicles with various EV powertrains.
| Keyword | Definition |
|---|---|
| Electric vehicle (EV) | A vehicle which uses one or more electric motors for propulsion. Includes cars, buses, and trucks. This term includes all-electric vehicles or battery electric vehicles and plug-in hybrid electric vehicles. |
| PEV | A plug-in electric vehicle is an electric vehicle that can be externally charged and generally includes all electric vehicles as well as plug-electric vehicles as well as plug-in hybrids. |
| Battery-as-a-Service | A business model in which the battery of an EV can be rented from a service provider or swapped with another battery when it runs out of charge |
| Battery Cell | The basic unit of an electric vehicle's battery pack, typically a lithium-ion cell, that stores electrical energy. |
| Module | A subsection of an EV battery pack, consisting of several cells grouped together, often used to facilitate manufacturing and maintenance. |
| Battery Management System (BMS) | An electronic system that manages a rechargeable battery by protecting the battery from operating outside its safe operating area, monitoring its state, calculating secondary data, reporting data, controlling its environment, and balancing it. |
| Energy Density | A measure of how much energy a battery cell can store in a given volume, usually expressed in watt-hours per liter (Wh/L). |
| Power Density | The rate at which energy can be delivered by the battery, often measured in watts per kilogram (W/kg). |
| Cycle Life | The number of complete charge-discharge cycles a battery can perform before its capacity falls under a specified percentage of its original capacity. |
| State of Charge (SOC) | A measurement, expressed as a percentage, that represents the current level of charge in a battery compared to its capacity. |
| State of Health (SOH) | An indicator of the overall condition of a battery, reflecting its current performance compared to when it was new. |
| Thermal Management System | A system designed to maintain optimal operating temperatures for an EV's battery pack, often using cooling or heating methods. |
| Fast Charging | A method of charging an EV battery at a much faster rate than standard charging, typically requiring specialized charging equipment. |
| Regenerative Braking | A system in electric and hybrid vehicles that recovers energy normally lost during braking and stores it in the battery. |
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Research Methodology
Mordor Intelligence follows a four-step methodology in all its reports.
- Step-1: Identify Key Variables: To build a robust forecasting methodology, the variables and factors identified in Step-1 are tested against available historical market numbers. Through an iterative process, the variables required for market forecast are set and the model is built based on these variables.
- Step-2: Build a Market Model: Market-size estimations for the historical and forecast years have been provided in revenue and volume terms. Market revenue is calculated by multiplying the volume demand with volume-weighted average battery pack price (per kWh). Battery pack price estimation and forecast takes into account various factors affecting ASP, such as inflation rates, market demand shifts, production costs, technological developments, and consumer preferences, providing estimations for both historical data and future trends.
- Step-3: Validate and Finalize: In this important step, all market numbers, variables, and analyst calls are validated through an extensive network of primary research experts from the market studied. The respondents are selected across levels and functions to generate a holistic picture of the market studied.
- Step-4: Research Outputs: Syndicated Reports, Custom Consulting Assignments, Databases & Subscription Platforms
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