Tunisia Weekly
No Result
View All Result
  • Register
  • Login
  • About Us
  • Contact Us
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
Submit a News Release
  • Home
  • News
  • Business
  • Finance
  • Technology
  • Lifestyle
  • Africa
  • Middle East
  • Press Releases
No Result
View All Result
Tunisia Weekly
Submit PR
Home Press Releases

Competition for Dominance in India’s Lithium-Ion Battery Industry

by
March 1, 2023
in Press Releases
Share on FacebookShare on Twitter


(EMAILWIRE.COM, March 01, 2023 ) India is a vast country, which means that any technology or product has a huge market here in India. The population, the number of industries, demand, and exports all collectively make up a huge market. Similarly, battery based products, especially electric vehicle, is expected to create a huge market in India. This will, in terns, create huge demand for lithium-ion batteries and pressure on all stakeholders of the battery ecosystem, especially lithium mining and battery manufacturing. And because of this, Lithium-ion has been categorized as a strategic mineral.

Download PDF Brochure @
https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=49714593

Currently, most of the battery is being imported from China. So, if India has to reduce its dependency on China for such strategic minerals, then India has to work towards developing mining, supply chain, and manufacturing of lithium-ion batteries. Recently, Inda sent a team of geologists to Argentina to identify lithium deposits. This team is from a company called Khanij Bidesh India Ltd (Kabil), a joint venture of National Aluminium Company (Nalco), Hindustan Copper (HCL), and Mineral Exploration Corporation Ltd (MECL). This team has identified two lithium mines and one copper mine in Argentina. KABIL may acquire it or lease them, depending on the commercial valuation of this mine which is expected to be by February end. This development will help India achieve independence from lithium as a strategic mineral. Achieving independence on strategic minerals such as lithium-ion is extremely important, because there is no significant battery chemistry available in the current market which can easily replace the battery required for an electric vehicle or smartphone. It’s altogether a different thought process that, in longer terms, we may need to move away from lithium based battery, maybe towards hydrogen based fuel. However, we still have to depend on lithium-based batteries in the current market scenario.

In the race to capture the lithium-ion battery market in India, a new kind of economy is expected to be created. This may include export oriented battery manufacturing ecosystem and, as a result, will create different kinds of jobs (more than a million by 2030) related to battery and their manufacturing. According to Arthur D Little, India may need to invest at least USD 10 billion in battery and related activities by 2030. One such initiative to develop batteries in India is from OLA, which plans to develop and launch its own lithium-ion cell by the end of 2023, with an initial investment of USD 500 million on its R&D.

It is not only individual companies that are working towards the development of battery technology in India, but the government is also taking many initiatives through NITI Aayog to facilitate and encourage the development of battery and related manufacturing. NITI Aayog is also encouraging companies to work on battery technology other than lithium-ion. Further, the government is in view of reducing the taxation both on battery and electric vehicles.

We at Marketsandmarkets have undertaken many research studies related to battery and their entire value chain. This may include the study of different chemistry, cell development, machine required for battery production, supply chain, and its direct application products. Some of the reports may include:

Lithium Ion Battery Market
Battery Production Machine Market
Battery Coating Market

About MarketsandMarkets™

MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.

The B2B economy is witnessing the emergence of $25 trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this $25 trillion opportunity through our service lines – TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.



Source link

Previous Post

Adding Just a Small Handful of Walnuts Can Have Dietary Benefits for the Whole Family

Next Post

A2P Messaging Market Regional Growth and Industry Share Forecast

RECOMMENDED NEWS

Plant Growth Regulators Market Emerging Trends & New Opportunities – 2028

5 months ago
In The Event I Die: Instruction Manual and Information Guide In The Event I Pass Away

In The Event I Die: Instruction Manual and Information Guide In The Event I Pass Away

10 months ago

Aircraft Communication System Market worth $12.8 billion by 2027 at a CAGR of 9.2%

1 year ago

Medical Terminology Software Market Size, Growth Strategies 2022-28

10 months ago

BROWSE BY CATEGORIES

  • Africa
  • Business
  • Finance
  • Lifestyle
  • Middle East
  • News
  • Press Releases
  • Technology

POPULAR NEWS

  • ZainTech partners with LigaData to deliver data-driven digital services in MENA

    ZainTech partners with LigaData to deliver data-driven digital services in MENA

    0 shares
    Share 0 Tweet 0
  • NOWA outlines 16 major achievements of Hajiya Aisha Gambo in 2 Years

    0 shares
    Share 0 Tweet 0
  • Wahyd Expands Tech-Enabled Logistics Platform to Saudi Arabia

    0 shares
    Share 0 Tweet 0
  • تم إطلاق VOYAH FREE في أوروبا وتم افتتاح معرض VOYAH.

    0 shares
    Share 0 Tweet 0
  • Vidliz Expands Its Data-Driven Online Marketing Services in the Middle East

    0 shares
    Share 0 Tweet 0

About Us

Tunisia Weekly™ reports and aggregates business, socio-economic, Tech and industrial news on Tunisia,Africa and the Middle East.

We provide press release distribution to media outlets in Tunisia, other countries in the Arab World, the Middle East and Africa (MEA). Submit a press release or contact us today.

Categories

News

Business

Finance

Technology

Lifestyle

AFRICA

Middle East

Press Releases

Recent News

Recent Posts
  • Anastasia Potapova Stuns Tunisia's Ons Jabeur in San Diego Open – Asharq Al-awsat – English
  • Oyster Mushroom Market to reach USD 84.33 Bn by 2029 at a growth rate of 7.6 percent over the forecast period
  • No-Code AI Platform Market to reach USD 22.98 Bn by 2029 at a growth rate of 28.6 percent over the forecast period
  • Petrochemical Feedstock Market expected to Reach USD 402.95 Billion by 2029 at a CAGR of 4.3 percent

Subscribe to Our Newsletter

    Share Us

    Contact Us

    • +1 832 716 2363
    • +12816454086
    • Email: Email Us
    • Skype: groupwebmedia

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC

    • About Us
    • Contact Us
    • Submit a Press Release
    No Result
    View All Result
    • Register
    • Login
    • News
    • Business
    • Finance
    • Technology
    • Lifestyle
    • Africa
    • Middle East
    • Press Releases
    • About Us
      • Contact Us

    The TunisiaWeekly.com™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC