May 14: Demand for electric vehicle (EV) batteries in India is projected to grow nearly ten times by 2032, driven by the rapid expansion of electric mobility across two-wheelers, cars, and commercial vehicles, according to a recent industry report.
The sharp rise is expected to be supported by increasing EV adoption, government incentives, and the steady development of charging infrastructure across urban and semi-urban regions.
Industry experts say the transition toward cleaner transport solutions is accelerating battery demand, with manufacturers focusing on scaling up local production and strengthening supply chains.
The report highlights that India’s growing emphasis on energy security and reduced dependence on fossil fuels is also contributing to the long-term expansion of the EV battery market.
Analysts believe the surge in demand will create significant opportunities for domestic manufacturing, technology development, and investment in battery ecosystems, positioning India as an emerging hub in the global EV value chain.