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Report
India Lithium-ion Battery Market, By Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Cobalt Aluminum Oxide, Lithium Manganese Oxide, Lithium Titanate, Lithium Nickel Manganese Cobalt), By Capacity (0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh, 60,000 mAh & Above), By Vertical (Consumer Electronics, Automotive, Aerospace, Marine, Medical, Industrial, Power, Telecommunications, Others) By Region, Competition, Forecast & Opportunities, 2021-2031F
Market Report I 2025-05-23 I 83 Pages I TechSci Research
Market Overview
India's Lithium-ion Battery Market, valued at USD 375 million in 2025, is projected to grow to USD 640 million by 2031, registering a CAGR of 9.17% during the forecast period. Lithium-ion batteries, known for their high energy density, lightweight design, and low self-discharge rate, are widely used in electric vehicles (EVs), consumer electronics, and renewable energy systems. These rechargeable power sources operate by transferring lithium ions between anode and cathode during charge-discharge cycles. Their increasing demand stems from their superior efficiency, compact size, and long cycle life. Despite concerns about overheating and safety, advancements in battery management systems and safer materials are mitigating risks. With applications spanning EVs to grid storage, lithium-ion batteries are pivotal to India's clean energy transition and electrification goals.
Key Market Drivers
Rapid Growth of Electric Vehicles (EVs) in India
A major force driving the lithium-ion battery market in India is the rapid expansion of electric vehicles (EVs). Growing environmental concerns and government-led efforts to curb emissions are prompting a shift toward clean mobility. Lithium-ion batteries, favored for their high energy density and faster recharge capabilities, have become the standard power source for EVs. Policies like the FAME scheme, along with tax incentives, subsidies, and improved EV infrastructure, are creating a supportive environment. In addition, soaring fuel costs and declining battery prices are making EVs a viable alternative. Automobile giants and startups are increasingly launching electric models-from two-wheelers to cars-relying heavily on lithium-ion technology to meet evolving consumer demand.
Key Market Challenges
Supply Chain Dependence and Raw Material Scarcity
The Indian lithium-ion battery sector is challenged by its reliance on imported raw materials, such as lithium, cobalt, nickel, and manganese, which are crucial for production. With limited domestic reserves and refining capacity, India depends on international suppliers, exposing the market to risks from global price fluctuations and geopolitical issues. This reliance affects manufacturing costs and delivery timelines, undermining competitiveness. Furthermore, processing these minerals into battery-grade materials requires advanced technology and significant investment, areas where India is still developing. Without robust domestic infrastructure, the country may face difficulties in securing stable and cost-effective inputs, which is essential for scaling battery production sustainably.
Key Market Trends
Emergence of Gigafactories and Local Manufacturing
An emerging trend in India's lithium-ion battery sector is the development of gigafactories and a focus on domestic manufacturing. With strategic sectors like EVs and renewable energy relying on battery storage, both public and private stakeholders are investing in large-scale battery production facilities. These gigafactories aim to reduce import dependence and enhance cost-efficiency through localized production. Aligned with initiatives like "Make in India" and "Atmanirbhar Bharat," these factories not only cut logistical costs but also enable customization for Indian market needs. Beyond manufacturing, they stimulate job creation, innovation, and the development of supporting industries. India's growing domestic production capability positions it to emerge as a significant player in the global battery supply chain.
Key Market Players
- Contemporary Amperex Technology Co. Limited (CATL)
- LG Energy Solution Ltd.
- Panasonic Holdings Corporation
- BYD Company Limited
- Samsung SDI Co. Ltd.
- SK On Co. Ltd.
- Toshiba Corporation
- A123 Systems LLC
Report Scope:
In this report, the India Lithium-ion Battery Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:
- India Lithium-ion Battery Market, By Type:
o Lithium Cobalt Oxide
o Lithium Iron Phosphate
o Lithium Nickel Cobalt Aluminum Oxide
o Lithium Manganese Oxide
o Lithium Titanate
o Lithium Nickel Manganese Cobalt
- India Lithium-ion Battery Market, By Capacity:
o 0-3,000 mAh
o 3,000-10,000 mAh
o 10,000-60,000 mAh
o 60,000 mAh & Above
- India Lithium-ion Battery Market, By Vertical:
o Consumer Electronics
o Automotive
o Aerospace
o Marine
o Medical
o Industrial
o Power
o Telecommunications
o Others
- India Lithium-ion Battery Market, By Region:
o South India
o North India
o West India
o East India
Competitive Landscape
Company Profiles: Detailed analysis of the major companies present in the India Lithium-ion Battery Market.
Available Customizations:
India Lithium-ion Battery Market report with the given market data, TechSci Research offers customizations according to a company's specific needs. The following customization options are available for the report:
Company Information
- Detailed analysis and profiling of additional market players (up to five).
1. Product Overview
1.1. Market Definition
1.2. Scope of the Market
1.2.1. Markets Covered
1.2.2. Years Considered for Study
1.3. Key Market Segmentations
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Formulation of the Scope
2.4. Assumptions and Limitations
2.5. Sources of Research
2.5.1. Secondary Research
2.5.2. Primary Research
2.6. Approach for the Market Study
2.6.1. The Bottom-Up Approach
2.6.2. The Top-Down Approach
2.7. Methodology Followed for Calculation of Market Size & Market Shares
2.8. Forecasting Methodology
2.8.1. Data Triangulation & Validation
3. Executive Summary
3.1. Overview of the Market
3.2. Overview of Key Market Segmentations
3.3. Overview of Key Market Players
3.4. Overview of Key Regions/Countries
3.5. Overview of Market Drivers, Challenges, and Trends
4. Voice of Customer
5. India Lithium-ion Battery Market Outlook
5.1. Market Size & Forecast
5.1.1. By Value
5.2. Market Share & Forecast
5.2.1. By Type (Lithium Cobalt Oxide, Lithium Iron Phosphate, Lithium Nickel Cobalt Aluminum Oxide, Lithium Manganese Oxide, Lithium Titanate, Lithium Nickel Manganese Cobalt)
5.2.2. By Capacity (0-3,000 mAh, 3,000-10,000 mAh, 10,000-60,000 mAh, 60,000 mAh, & Above)
5.2.3. By Vertical (Consumer Electronics, Automotive, Aerospace, Marine, Medical, Industrial, Power, Telecommunications, Others)
5.2.4. By Region (South India, North India, West India, East India)
5.2.5. By Company (2025)
5.3. Market Map
6. South India Lithium-ion Battery Market Outlook
6.1. Market Size & Forecast
6.1.1. By Value
6.2. Market Share & Forecast
6.2.1. By Type
6.2.2. By Capacity
6.2.3. By Vertical
7. North India Lithium-ion Battery Market Outlook
7.1. Market Size & Forecast
7.1.1. By Value
7.2. Market Share & Forecast
7.2.1. By Type
7.2.2. By Capacity
7.2.3. By Vertical
8. West India Lithium-ion Battery Market Outlook
8.1. Market Size & Forecast
8.1.1. By Value
8.2. Market Share & Forecast
8.2.1. By Type
8.2.2. By Capacity
8.2.3. By Vertical
9. East India Lithium-ion Battery Market Outlook
9.1. Market Size & Forecast
9.1.1. By Value
9.2. Market Share & Forecast
9.2.1. By Type
9.2.2. By Capacity
9.2.3. By Vertical
10. Market Dynamics
10.1. Drivers
10.2. Challenges
11. Market Trends & Developments
11.1. Merger & Acquisition (If Any)
11.2. Product Launches (If Any)
11.3. Recent Developments
12. Policy and Regulatory Landscape
13. India Economic Profile
14. Company Profiles
14.1. Contemporary Amperex Technology Co. Limited (CATL)
14.2. LG Energy Solution Ltd.
14.3. Panasonic Holdings Corporation
14.4. BYD Company Limited
14.5. Samsung SDI Co. Ltd.
14.6. SK On Co. Ltd.
14.7. Toshiba Corporation
14.8. A123 Systems LLC
15. Strategic Recommendations
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