Please Wait.....
Report
India Battery E-commerce - Market Share Analysis, Industry Trends & Statistics, Growth Forecasts (2025 - 2030)
Market Report I 2025-04-28 I 95 Pages I Mordor Intelligence
The India Battery E-commerce Market size is estimated at USD 1.10 billion in 2025, and is expected to reach USD 2.12 billion by 2030, at a CAGR of 13.9% during the forecast period (2025-2030).
Key Highlights
- Over the medium period, the increasing adoption of electric vehicles and declining lithium-ion battery prices in India are expected to drive the market during the forecast period.
- On the other hand, the higher capital cost compared to traditional internal combustion engines and limited accessibility to the internet in rural parts of India are expected to hamper the market's growth.
- However, the increasing supportive government initiatives and technological advancements are expected to be a significant opportunity for the market during the forecast period.
India Battery E-commerce Market Trends
Increasing Adoption of Electric Vehicles
- As of 2023, India was among the world's top five emitters of CO2. To mitigate the air pollution problem, the government has taken the initiative to implement policies that are favorable to increasing the EV fleet count on the road.
- According to the Society of Manufacturers of Electric Vehicles (SMEV), the number of electric vehicles sold in 2023 was 1,179,958. In 2023, the country recorded the highest sales of battery electric vehicles, with 1.17 million units. A similar trend in India is expected to continue, considering the inclination of customers toward e-mobility.
- The Government of India emphasizes that entities planning to set up charging stations may not require licensing from the ministry. The Indian government set a target of EV sales accounting for 30% of private cars, 70% of commercial vehicles, and 80% of two and three-wheelers by 2030. These initiatives are expected to drive the country's demand for batteries. As of March 2023, there were 6,586 operational public EV charging stations (PCS).
- India is targeting the increase in the uptake of electric vehicles (EVs) through a subsidy program called the Faster Adoption and Manufacturing of Electric Vehicles (FAME) by 2030, which was introduced in 2015. The second phase of the policy, FAME?II, was approved in 2019, with a budget of USD 1.4 billion for three years. Subsidies are available only for vehicles with advanced battery chemistries, such as lithium-ion, rather than lead?acid, which makes up most of the electric two/three?wheelers sold. The FAME?II aims to increase the number of electric buses, two?/three?wheelers, and cars, which is expected to increase the demand for lithium-ion batteries.
- Multiple state governments, such as Gujarat, Telangana, Andhra Pradesh, and Karnataka, are offering capital subsidies for setting up lithium-ion giga-factories in the country by providing land, power, and water for the li-ion battery manufacturing units at a concessional rate. These efforts, combined with a growing awareness of environmental sustainability, encourage consumers to choose electric vehicles, boosting the demand for batteries through e-commerce channels.
The Lithium- Ion Battery Segment to Dominate the Market
- Lithium-ion batteries are gaining more popularity than other battery types due to their favorable capacity-to-weight ratio. Other factors boosting its adoption include better performance, better shelf life, and a decreasing price.
- The price of lithium-ion batteries is usually higher than other batteries. However, major players across the market have been investing to gain economies of scale and R&D activities to enhance their performance, increasing the competition and, in turn, declining lithium-ion battery prices.?
- Lithium-ion battery manufacturers are focusing on reducing the cost of Lithium-ion batteries. The price of lithium-ion batteries declined steeply over the past 10 years. In 2023, an average lithium-ion battery was valued at around USD 139 per kWh. It witnessed a decrease in the price of more than 85% in 2023 compared to 2010.
- As lithium-ion battery prices decline, electric vehicle (EV) ownership becomes more affordable for consumers in India. This increased affordability directly contributes to the growth of the EV market, subsequently driving the demand for batteries.
- The two principal reasons for the drastic cost decline are the steady improvement of battery performance achieved through sustained R&D aimed at improving battery materials, reducing the amount of non-active materials and the cost of materials, improving cell design and production yield, and increasing production speed.
- BloombergNEF anticipates that battery costs will decline again in 2024 as more extraction and refinery capacity become operational and lithium prices begin to ease. The average pack price will drop below USD 100/kWh in 2026.
- Hence, declining cost, along with its advantages over the other type of batteries like lead-acid, the segment is expected to dominate the market in the forecast period.
India Battery E-commerce Industry Overview
The Indian battery e-commerce market is semi-fragmented. Some of the key players in this market include Exide Industries Ltd, Luminous Power Technologies Pvt. Ltd, Panasonic Corporation, TATA AutoComp GY Batteries Pvt. Ltd, and Okaya Power Pvt. Ltd.
Additional Benefits:
- The market estimate (ME) sheet in Excel format
- 3 months of analyst support
1 INTRODUCTION
1.1 Scope of Study
1.2 Market Definition
1.3 Study Assumptions
2 RESEARCH METHODOLOGY
3 EXECUTIVE SUMMARY
4 MARKET OVERVIEW
4.1 Introduction
4.2 Market Size and Demand Forecast in USD billion, till 2029
4.3 Recent Trends and Developments
4.4 Government Policies and Regulations
4.5 Market Dynamics
4.5.1 Drivers
4.5.1.1 Increasing Adoption of Electric Vehicles
4.5.1.2 Declining Lithium-Ion Battery Prices
4.5.2 Restraints
4.5.2.1 Limited Accessibility to Internet in Rural Parts
4.6 Supply Chain Analysis
4.7 PESTLE Analysis
4.8 Investment Analysis
5 MARKET SEGMENTATION
5.1 Battery Type
5.1.1 Lead-Acid
5.1.2 Lithium-Ion
5.1.3 Others
6 COMPETITIVE LANDSCAPE
6.1 Mergers & Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Strategies Adopted by Leading Players
6.3 Company Profiles
6.3.1 Exide Industries Ltd.
6.3.2 Luminous Power Technologies Pvt. Ltd
6.3.3 Panasonic Corporation
6.3.4 TATA AutoComp GY Batteries Pvt. Ltd
6.3.5 Okaya Power Pvt. Ltd.
6.3.6 LG Chem Ltd.
6.3.7 Samsung SDI Co. Ltd
6.3.8 BYD Co. Ltd
6.3.9 East Penn Manufacturing Company
6.3.10 Hitachi Ltd
6.4 Market Ranking/Share(%) Analysis
6.5 List of Other Prominent Companies
7 MARKET OPPORTUNITIES AND FUTURE TRENDS
7.1 The Increasing Supportive Government Initiatives and Technological Advancements
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security