BusinessAsianet Newsable
India's advanced battery demand to grow at 39% CAGR till 2030: Report
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India's Advanced Chemistry Cells demand will grow at 39% CAGR from 2025-30, per a Nuvama report.
EV battery segment is expected to grow at 35% CAGR during the same period.
Battery energy storage system (BESS) sector will see 78% growth.
Growth is backed by a Rs 18,100 crore PLI scheme.
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