India's Electrifying Future: EV Battery Demand Set to Soar

India's electric vehicle battery demand is poised for a tenfold growth from 20 GWh in 2025 to 200 GWh by 2032, according to a study by the Indian Energy Alliance (IESA). The organization's findings underscore the expansion of the EV market beyond mere vehicle manufacturing, emphasizing large-scale possibilities in component localization and supply chain enhancement.

Presented in collaboration with Customized Energy Solutions (CES) at the upcoming India Energy Storage Week (IESW) in the national capital, the IESA's report marks India's pivotal role as a global manufacturing hub. With EV sales hitting over 2.5 million units by 2025, the industry's growth trajectory is expected to be driven by technological advances in battery chemistries and resilient supply chains.

Vinayak Walimbe, Managing Director of CES, highlighted the report as a roadmap for all stakeholders, aiming to maximize emerging opportunities. As electric two-wheelers continue to dominate, future momentum is anticipated from passenger electric cars and light commercial fleets. The study evaluates emerging technologies such as LMFP and solid-state batteries, while pointing to PMSM motors gaining traction in electric passenger vehicles.

(With inputs from agencies.)