During the forecast period, India's battery market is expected to develop at a CAGR of more than 11%.
The COVID-19 epidemic has had a substantial impact on the country's economy, and the battery industry in the country is expected to suffer as a result.
The emphasis on developing battery technologies and manufacturing locally ensures thousands of jobs in one of the most important industries. Another important factor driving EV adoption in rural India is the lack of commercial petrol pumps at nominal distances.
India's massive market for electric two and three-wheelers is destined to explode; no other country in the world can claim such a large population willing to embrace change.
The Top Battery companies in India as of 2021 are listed below. The list is ranked based on Market capitalization.