India Lithium Ion Battery Market (2025-2031) | Trends, Size, Value, Companies, Growth, Share, Forecast, Revenue, Industry & Analysis

Topics Covered in India Lithium Ion Battery Market Report

The India Lithium Ion Battery Market Report thoroughly covers the market by type, power capacity, application, and form. The India Lithium Ion Battery Market Outlook report provides an unbiased and detailed analysis of the ongoing India Lithium Ion Battery Market trends, opportunities/high growth areas, and market drivers. This would help the stakeholders devise and align their market strategies according to the current and future market dynamics.

India Lithium Ion Battery Market Synopsis

India lithium-ion battery market has been gaining significant momentum, and the future of this market look promising. The country's growing renewable energy sector and the push towards electric vehicles are some key driving factors. The market is also facing certain challenges which it can overcome in the future.

According to 6Wresearch, the India Lithium Ion Battery Market size is anticipated to rise at a CAGR of 22% during 2025-2031. One of the biggest drivers of India’s lithium ion battery market is the government’s push towards clean energy. India aims to achieve 175 GW of renewable energy capacity by 2022, with a significant chunk coming from solar power. This huge increase in capacity will require efficient and cost-effective energy storage solutions, which is where lithium ion batteries come in. Moreover, the growth of India’s electric vehicle (EV) market is another major driver of the lithium ion battery industry. In the next few years, India aims to electrify all passenger vehicles by 2030, creating a huge demand for lithium ion batteries. These factors have been propelling the India Lithium Ion Battery Market Growth.

The biggest challenge is the lack of domestic manufacturing facilities, which has hindered the growth of the industry. Most of the lithium ion batteries used in India are currently imported from countries like China, Japan, and South Korea. This has made the batteries prohibitively expensive, making it difficult for the industry to grow at a faster pace. Additionally, the lack of proper infrastructure and a supportive regulatory framework further limits the growth potential of the industry.

Lithium Ion Battery Market in India: Leading Players

Many major players have emerged in India’s lithium ion battery market. These players are actively trying to overcome the challenges and tap into the huge potential of the market. Some of the key players include Amara Raja Batteries, Bharat Dynamics Limited, Exide Industries Ltd, Hero Electric, Mahindra Electric, and TATA Chemicals. These companies are entering into strategic alliances and investing in research and development to improve battery efficiency, reduce costs, and increase production capacity.

Lithium Ion Battery Industry: Government Initiatives

To overcome the challenges faced by the industry, the Indian government has launched several initiatives to support the growth of the lithium ion battery market. One such initiative is the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, which provides incentives and subsidies for EVs and their components. The government has also launched the National Electric Mobility Mission Plan (NEMMP), which aims to achieve a significant reduction in greenhouse gas emissions by promoting the use of electric vehicles. Additionally, the government is promoting domestic manufacturing of lithium ion batteries through various incentives and subsidies.

Market Segmentation Type

According to Ravi Bhandari, Research Head, 6Wresearch, the Lithium Ferro Phosphate (LFP) segment has shown the most significant growth in the market in recent years due to its safety. The same segment is projected to dominate the market in the future years.

Market Segmentation Type Power Capacity

10,000-60,000 mAh power capacity segment is currently the fastest-growing segment in India’s lithium-ion battery market. The growing demand for electric vehicles and home energy storage systems, along with the availability of subsidies, has led to the increased demand for this segment.

Key Attractiveness of the Report

• 10 Years of Market Numbers.
• Historical Data Starting from 2021 to 2024.
• Base Year: 2024
• Forecast Data until 2031.
• Key Performance Indicators Impacting the Market.
• Major Upcoming Developments and Projects.

Key Highlights of the Report:

• India Lithium Ion Battery Market Outlook
• Market Size of India Lithium Ion Battery Market, 2024
• Forecast of India Lithium Ion Battery Market, 2031
• Historical Data and Forecast of India Lithium Ion Battery Revenues & Volume for the Period 2021 - 2031
• India Lithium Ion Battery Market Trend Evolution
• India Lithium Ion Battery Market Drivers and Challenges
• India Lithium Ion Battery Price Trends
• India Lithium Ion Battery Porter's Five Forces
• India Lithium Ion Battery Industry Life Cycle
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Type for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Lithium Nickel Magnesium Cobalt (LI-NMC) for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Lithium Ferro Phosphate (LFP) for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Lithium Cobalt Oxide (LCO) for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Lithium Titanate Oxide (LTO) for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Lithium Manganese Oxide (LMO) for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Lithium Nickel Cobalt Aluminum Oxide (NCA) for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Power Capacity for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By 0-300 mAH for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By 3,000-10,000 mAH for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By 10,000-60,000 mAH for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By More than 60,000 mAH for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Application for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Consumer Electronics OEMs for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Automotive OEMs for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Energy Storage for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Industrial OEMs for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Other OEMs for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Aftermarket for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Form for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Pouch for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Cylindrical for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Elliptical for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Prismatic for the Period 2021 - 2031
• Historical Data and Forecast of India Lithium Ion Battery Market Revenues & Volume By Custom Design for the Period 2021 - 2031
• India Lithium Ion Battery Import Export Trade Statistics
• Market Opportunity Assessment By Type
• Market Opportunity Assessment By Power Capacity
• Market Opportunity Assessment By Application
• Market Opportunity Assessment By Form
• India Lithium Ion Battery Top Companies Market Share
• India Lithium Ion Battery Competitive Benchmarking By Technical and Operational Parameters
• India Lithium Ion Battery Company Profiles
• India Lithium Ion Battery Key Strategic Recommendations

Market Scope and Segmentation

The report provides a detailed analysis of the following market segments:

By Type

• Lithium Nickel Magnesium Cobalt (LI-NMC)
• Lithium Ferro Phosphate (LFP)
• Lithium Cobalt Oxide (LCO)
• Lithium Titanate Oxide (LTO)
• Lithium Manganese Oxide (LMO)
• Lithium Nickel Cobalt Aluminum Oxide (NCA)

By Power Capacity

• 0-300 MAH
• 3,000-10,000 MAH
• 10,000-60,000 MAH
• More Than 60,000 MAH

By Application

• Consumer Electronics OEMs
• Automotive OEMs
• Energy Storage
• Industrial OEMs
• Other OEMs
• Aftermarket

By Form

• Pouch
• Cylindrical
• Elliptical
• Prismatic
• Custom Design