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The Economic Times

India's EV battery demand to grow 10 times to 200 GWh by 2032: IESA

IESA India Supply chain electric vehicle

India's electric vehicle (EV) battery demand is projected to grow 10 times from 20 GWh in 2025 to 200 GWh by 2032, industry body Indian Energy Alliance (IESA) said on Thursday.

Citing a study, IESA said the EV opportunity in India is no longer limited to vehicle manufacturing; the largest strategic gains may lie in component localisation and supply chain development as India positions itself as a global manufacturing hub.

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