Market Snapshot
The India EV Battery Pack Market is segmented by body type (bus, light commercial vehicles (LCVs), medium and heavy-duty trucks (M&HDTs), passenger cars), propulsion type (Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs)), battery chemistry (lithium iron phosphate (LFP), nickel cobalt manganese (NCM), nickel manganese cobalt (NMC), others), capacity (less than 15 kWh, 15–40 kWh, 40–80 kWh, above 80 kWh), and battery form (cylindrical, pouch, prismatic). Key drivers include government initiatives, technological advancements, and increasing adoption of EVs across segments. The market is bolstered by India’s commitment to reducing carbon emissions and boosting domestic manufacturing under the Make in India initiative.
Market Overview
The India EV Battery Pack Market is witnessing significant growth, driven by favorable government policies, subsidies for EV adoption, and the rising demand for sustainable transportation solutions. With the push for localization of battery manufacturing, the market is poised for expansion, supported by key players and startups investing in R&D and production facilities. The focus on reducing battery costs and enhancing energy density is accelerating market development.
Key Market Trends
- Government Support: Programs like FAME (Faster Adoption and Manufacturing of Electric Vehicles) are driving EV adoption by providing financial incentives and infrastructure development.
- Localization of Battery Manufacturing: India’s focus on domestic production aims to reduce import dependency and create a robust supply chain.
- Increasing Adoption of LFP Batteries: LFP batteries are gaining popularity for their cost-effectiveness and safety, especially in two-wheelers and passenger EVs.
- Technological Advancements: Investments in solid-state batteries and next-generation chemistries are enhancing battery efficiency and lifespan.
- Commercial EV Growth: Electric buses and light commercial vehicles are witnessing increased adoption for public transport and logistics.
Competitive Landscape
The India EV Battery Pack Market is competitive, with established players and startups focusing on innovation, partnerships, and scaling production capacity. Key players are leveraging government initiatives and forming collaborations to expand their presence in the market.
Major Players
- Amara Raja Batteries Ltd.: A leading battery manufacturer investing in lithium-ion technology and expanding EV battery capabilities.
- Contemporary Amperex Technology Co. Ltd. (CATL): A global leader partnering with Indian OEMs to supply advanced battery solutions.
- Exide Industries Ltd.: Diversifying into lithium-ion batteries with joint ventures and R&D investments.
- Panasonic Holdings Corporation: Known for its high-energy-density batteries and collaborations with Indian OEMs.
- Nexcharge: A joint venture between Exide and Leclanché, focusing on energy storage systems and EV batteries.
- Tata Autocomp Systems Ltd.: Actively collaborating with global companies to manufacture EV components, including batteries.
- LG Energy Solution Ltd.: A major supplier of battery technologies for electric two-wheelers and passenger vehicles in India.
- Samsung SDI Co. Ltd.: Providing high-performance battery packs for premium electric vehicles in India.
Recent Developments
- September 2023: Amara Raja Batteries inaugurated a new lithium-ion battery production facility in Andhra Pradesh.
- July 2023: Tata Autocomp announced a partnership with a global battery manufacturer to develop solid-state batteries for EVs.
- May 2023: Exide Industries launched its first domestically produced lithium-ion battery for electric two-wheelers.
- March 2023: Nexcharge expanded its manufacturing capacity to cater to the growing demand for electric buses and commercial vehicles.
- January 2023: LG Energy Solution signed an agreement with an Indian OEM to supply batteries for next-generation electric SUVs.
Table of Content
1. INTRODUCTION
1.1. Study Assumptions & Market Definition
1.2. Scope of the Study
1.3. Research Methodology
1.3.1. Secondary Research
1.3.2. Primary Research
1.4. Executive Summary & Key Findings Report
1.5. Global Overview
1.5.1. Porter’s Five Forces Framework
1.5.2. Global Value Chain Analysis
1.5.3. Global Market Size and Drivers, Restraints, and Opportunities
2. KEY INDICATIVE METRICS
2.1. Electric Vehicle Sales
2.2. Electric Vehicle Sales By OEMs
2.3. Best-selling EV Models
2.4. OEMs With Preferable Battery Chemistry
2.5. Battery Pack Price
2.6. Battery Material Cost
2.7. Price Chart Of Different Battery Chemistry
2.8. Who Supply Whom
2.9. EV Battery Capacity And Efficiency
2.10. Number Of EV Models Launched
2.11. Regulatory Framework
2.11.1. India
2.12. Value Chain & Distribution Channel Analysis
3. MARKET SEGMENTATION (INCLUDES MARKET SIZE, FORECASTS AND ANALYSIS OF GROWTH PROSPECTS)
3.1. Body Type
3.1.1. Bus
3.1.2. LCV
3.1.3. M&HDT
3.1.4. Passenger Car
3.2. Propulsion Type
3.2.1. BEV
3.2.2. PHEV
3.3. Battery Chemistry
3.3.1. LFP
3.3.2. NCM
3.3.3. NMC
3.3.4. Others
3.4. Capacity
3.4.1. 15 kWh to 40 kWh
3.4.2. 40 kWh to 80 kWh
3.4.3. Above 80 kWh
3.4.4. Less than 15 kWh
3.5. Battery Form
3.5.1. Cylindrical
3.5.2. Pouch
3.5.3. Prismatic
3.6. Method
3.6.1. Laser
3.6.2. Wire
3.7. Component
3.7.1. Anode
3.7.2. Cathode
3.7.3. Electrolyte
3.7.4. Separator
3.8. Material Type
3.8.1. Cobalt
3.8.2. Lithium
3.8.3. Manganese
3.8.4. Natural Graphite
3.8.5. Nickel
3.8.6. Other Materials
4. COMPETITIVE LANDSCAPE
4.1. Key Strategic Moves
4.2. Market Share Analysis
4.3. Company Landscape
4.4. Company Profiles
4.4.1. Amara Raja Batteries Ltd.
4.4.2. Contemporary Amperex Technology Co. Ltd. (CATL)
4.4.3. Denso Corporation
4.4.4. Exicom Tele-Systems Ltd.
4.4.5. Exide Industries Ltd.
4.4.6. LG Energy Solution Ltd.
4.4.7. Manikaran Power Ltd.
4.4.8. Nexcharge
4.4.9. Panasonic Holdings Corporation
4.4.10. Samsung SDI Co. Ltd.
4.4.11. Tata Autocomp Systems Ltd.
4.4.12. TOSHIBA Corp.
5. KEY STRATEGIC QUESTIONS FOR INDUSTRY PROFESSIONALS IN INDIA EV BATTERY PACK MARKET
6. APPENDIX
Research Methodology
Data Collection and Analysis Methods
Datanumero’s research methodology encompasses a thorough approach aimed at ensuring accuracy and reliability in market estimation and forecasting. Our process begins with preliminary data mining, where we gather raw market data from a diverse range of validated sources. This data undergoes rigorous filtration to ensure authenticity, with inputs also drawn from reputable reports, paid databases, and our repository. Our goal is to map the complete market value chain, gathering insights from raw material suppliers, distributors, and buyers.Additionally, we delve into technical issues and trends through surveys, technical symposia, and trade journals, focusing on intellectual property perspectives such as white space and freedom of movement. Industry dynamics, including drivers, restraints, and pricing trends, are thoroughly examined. This approach ensures that our material is rich in original data, further cross-validated and authenticated with published sources for accuracy.Market estimates and forecasts are derived using sophisticated statistical models tailored to each study. These models incorporate inputs on market dynamics, technology landscapes, application development, and pricing trends. We analyze these factors comparatively, quantifying their impact using correlation, regression, and time series analysis. Our forecasting techniques combine economic tools, technological analysis, industry experience, and domain expertise.Primary validation represents the final step, involving exhaustive interviews with key industry participants. These interviews, conducted globally and across various language barriers, validate our findings and assumptions. Key industry participants include market-leading companies, raw material suppliers, product distributors, and buyers. This primary research not only ensures data accuracy but also provides critical insights into the current market scenario, business landscape, and future expectations, enhancing the quality of our reports.
Industry Analysis Approach
In our analysis, we employ both qualitative and quantitative methodologies. Qualitatively, we delve into the industry landscape, trends, market dynamics, and key issues. We explore the technology landscape and identify market opportunities for our clients. Our approach includes Porter’s analysis and PESTEL analysis to understand the competitive landscape and conduct component benchmarking.On the quantitative front, we provide market revenue estimates and forecasts up to specified timeframes, including breakdowns by technology, application, type, and component. Regional market revenue forecasts are also provided, giving clients a comprehensive view of market dynamics across different geographical areas.By integrating these methodologies, DataNumero ensures a holistic, unbiased, and accurate assessment of market trends, opportunities, and future expectations, positioning us as a professional and reliable market research partner.
+1-778-805-4939 
Mon-Fri 9:00AM – 5:00PM
info@datanumero.com
