LiB Manufacturing Landscape in India

LiB Manufacturing Landscape in India

Date of Release- July 2023

The demand for Li-ion batteries (LiB) in India has witnessed a multi-fold increase in recent years, primarily driven by electric vehicles (EVs). Several small players, including some completely new to the battery sector, are joining the LiB manufacturing play to serve the increasing demand from EVs. The below report talks about the LiB manufacturing landscape in India, including market size, current capabilities, costs for setting up an LiB plant and more.

Table Of Content

1. Overview
   • LiB Market Size in India
   • LiB Applications
     • Automotive
     • Non-automotive
2. Battery Manufacturing Landscape in India
   • Current Capabilities along the Lithium-ion Battery (LIB) Manufacturing Value Chain in India
   • Domestic Production of Li-ion Cell/Battery/Components
   • Import of Li-ion Cell/Battery/Components
   • LIB-based EV Market in India – Actual & Estimated Market Potential
   • India ACC Battery Demand by Sector, 2022-2030e (GWh)
   • India Li and Li-ion Cells and Batteries Import, FY2022 (in Tonnes)
   • Key Battery/cell manufacturer
   • India’s Battery Chemistry Evolution (Speculative Outlook)
   • Cell Cost breakdown and Localization Potential
3. Metals Used in LIB and LIB Chemistries
   • Generic Composition of LIB Pack
   • Salient Features of metal/materials used in LIB
   • LIB Chemistries and their Properties and Applications
   • Share of key metals used in various Lithium-ion batteries
   • Lithium reserves in India – Reserves in J&K
   • Price trends of key raw materials used in LIB
4. Cost for setting up Lithium-ion Battery manufacturing plant
   • Country-wise Manufacturing Cost of Li-based Pouch Cell (NMC 622)
   • Cost estimate for setting up Lithium-ion Battery manufacturing plant in India
5. Policies, Regulations & Key Stakeholders involved
   • Central level initiatives – PLI Scheme
   • India – State-level Policies & Regulations for LiB Manufacturing
   • Relevant Ministry, Agencies Research Institutions involved
   • Global policy initiatives
6. Challenges & Opportunities
   • Industry Challenges for Li-ion Battery Manufacturing in India
   • Industry Opportunities for Li-ion Battery Manufacturing in India
7. Key Li-ion Battery Manufacturing Companies in India – Overview
   • TDSG
   • Coslight India
   • Okaya
   • Exicom
   • Trontek
   • Amptek
   • Cygni
   • Grinntech
8. Appendix

List of Figures

Fig. 1. Li-ion Import Trends (in US$ million)

Fig. 2. Battery Demand by Application, 2022-2030e (GWh)

Fig. 3. Distribution of battery demand by applications (2030e)

Fig. 4. Estimated LiB market potential for EV categories (in GWh)

Fig. 5. Grid scale Battery Energy storage tender Issuance details

Fig. 6. Grid scale Battery Energy storage market size projections

Fig. 7. Key Battery Pack Manufacturers – Nameplate & Operational Capacities (as of March 31, 2023)

Fig. 8. Generic Composition of Lithium-ion Battery Pack

Fig. 9. Share of materials by weight in NCA and NMC 622 batteries

Fig. 10. Share of materials by weight in LCO and LFP batteries

Fig. 11. Price trends of key raw materials used in Li-ion batteries

Fig. 12. Lithium reserves in India

Fig. 13. India’s Battery Chemistry Evolution (Speculative Outlook)

Fig. 14. Cost of an NMC622 Pouch Cell by Country

Fig. 15. Average pack price of lithium-ion batteries and share of cathode material cost

Fig. 16. LFP Battery Component Value

Fig. 17. NMC Battery Component Value

Fig. 18. Lithium-ion Battery manufacturing plant cost (in US$ Mn)

Fig. 19. Manufacturing Capacity of Okaya (MWh)

Fig. 20. Manufacturing Capacity of Cygni Energy (MWh)

Fig. 21. Manufacturing Capacity of Trontek (MWh)

List of Tables

Table 1. Upcoming Lithium-ion Battery Gigafactories in India

Table 2. Salient Features of metals/materials used in LIB

Table 3. LIB Chemistries and their Properties and Applications

Table 4. Developing fully indigenous supply chain can take another 5-7 years

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