EV Battery and Cells

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Assessing India’s incentive scheme to enhance the battery manufacturing ecosystem

Assessing India’s incentive scheme to enhance the battery manufacturing ecosystem Date of release: January 2026 Report by JMK Research and IEEFA India’s ambitious electric vehicle (EV) and energy storage targets have accelerated lithium battery demand, underscoring the strategic importance of lithium-ion cells, almost all of which India currently imports, primarily from China. To reduce this dependence, the Ministry of Heavy Industries (MHI) launched the Advanced Chemistry Cell Production Linked Incentive (ACC PLI) scheme in October 2021 to catalyse domestic cell manufacturing. With an…

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Lithium-Ion Battery (LiB) Manufacturing Landscape in India, Jan 2022

Lithium-Ion Battery (LiB) Manufacturing Landscape in India, Jan 2022 Executive Summary The Government of India’s Make in India initiative, aimed at promoting the country as the preferred destination for global manufacturing, has significantly benefited industries such as pharmaceuticals and apparel, allowing them to carve out a niche in global markets. However, when it comes to intermediate industries, such as lithium-ion battery manufacturing in India, the country remains largely dependent on imports. Expanding domestic lithium-ion battery production could reduce this dependency,…

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Recycling of lithium-ion batteries in India- $1,000 million opportunity

Recycling of lithium-ion batteries in India- $1,000 million opportunity The lithium-ion batteries market in India is expected to grow significantly in the next five years. Some of the important initiatives by the Government of India that will accelerate the growth of this market are the National Electric Mobility Mission Plan 2020, with a projection of getting 6-7 million electric vehicles on Indian roads by 2020 and a target of 175 GW installation of renewable energy by 2022. Recycling batteries will…

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JMK Research & Analytics Private Limited is a leading research and consulting firm specializing in cleantech sectors across India and the Asia-Pacific region, including Renewable Energy, E-mobility, Energy Storage, and Green Hydrogen.

With deep industry expertise and a strong network across the energy ecosystem, JMK delivers actionable insights, market intelligence, and strategic advisory services that enable organizations to design successful business strategies and capture emerging opportunities in the energy transition.

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