India Needs $10 Billion Investment to Meet National Li-Ion Battery Demand by 2030: Study by Arthur D Little

In a recent report published by Arthur D Little titled “e-Mobility: Cell Manufacturing in India”, the consultancy highlighted that India would need substantial investment to meet local demand for EV batteries by 2030. The report said India would need $10 billion investment in EV battery manufacturing and raw material refining industries if it was to meet domestic demand for Li-ion batteries by 2030.

The report states that present-day India meets 70% of its Li-ion battery needs through imports from China. The country’s current demand for Li-ion batteries stood at 3 GWh and is expected to reach 70 GWh by 2030.

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Barnik Chitran Maitra, Managing Partner, Arthur D Little, India, says, “To accelerate the growth of e-mobility in India, the government and industry ecosystem must work together, to nurture a local, self-sustaining EV value chain. , with established battery manufacturers, OEMs, and start-ups, investing in ongoing R&D, partnerships, and global alliances to create a strong supply chain. This, combined with customer demand, will make India a global powerhouse for electric vehicles.

India currently meets 70% of its Li-Ion cell demand through imports

The report also cited some of the shortcomings of India’s current electric vehicle industry. He said the country was too dependent on imports, limited local manufacturing and limited raw materials and raw material processing facilities.

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The report called on the government to implement new policies for localizing battery supply chains and providing better access to raw materials. The report also states that the recently introduced PLI program for local battery manufacturing plans to jointly invest in lithium mines in Australia and increased tariffs on the import of Li-ion cells are all steps in the right way.

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while citing that manufacturers need to invest heavily in research and development of battery technologies such as safety, cost-effectiveness, and the ability to be manufactured at scale.

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