What are the current market trends influencing the need for battery manufacturing in India?

There are two opportunities in battery manufacturing: one is for electric vehicles (EVs), and the other is for energy storage systems (ESS). Each of them stands alone as a significant portion. The Central FAME-II policy, which provides incentives to the producers of electric vehicles, is the primary demand-side driver for EVs.

 

Read more : Energy-Storage-Market

On The Economic Times for publishing, “Efficient solar-storage hybrid solutions are the need of the hour” insights by the emerging leader, Mr. Venkat Rajaraman .

Ambitious goals, concerted strategies, and a collaborative approach could help India meet its emission reduction targets while avoiding import dependency for battery packs and cells. This could help establish India as a hub for cutting-edge research and innovation, boost its manufacturing capabilities, create new jobs, and foster economic growth.

Please find below the link to the full coverage:

Read here: Economic Times

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