India targets 50 GWh battery capacity expansion under PLI
pre-market1 source ↓written by the desknot a recommendation
- of battery manufacturing
- 50 GWh
- plan to establish
- 10 companies
- of capacity
- 178 GWh
- demand for lithium-ion
- 40 GWh
- lithium-ion batteries
- 2025
India's government is backing 50 GWh of battery manufacturing capacity under the Production Linked Incentive scheme. Additionally, 10 companies plan to establish nearly 178 GWh of capacity over five years. This expansion aims to meet the projected 40 GWh demand for lithium-ion batteries by 2025, rising to 210 GWh by 2030 due to electric vehicles and renewable energy needs.
Not investment advice. For informational purposes only.