India's battery market: jack of all trades, master of none? Report

Insight 14 October 2024

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Report summary

The second edition of India’s ‘Battery Show India' – held during the first week of October – brought stakeholders across the country to discuss the potential for a self-reliant battery value chain accompanying the country’s growing EV market. The country is targeting a BEV penetration rate of 30% for cars and 70% for commercial vehicles by 2030, a monumental leap from its current 2% adoption rate.