Solving the Challenges in India's Lithium-Ion Battery Market
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The India Lithium-Ion Battery Market is experiencing a rapid expansion, fueled by the rising demand for electric vehicles (EVs), consumer electronics, and renewable energy storage solutions. However, despite its growth potential, the industry faces several challenges that need to be addressed to sustain its momentum. This blog explores key problems in the lithium-ion battery industry in India and proposes effective solutions for overcoming these barriers. Problem 1: High Lithium-Ion Battery Cost Trends One of the major obstacles in the battery industry is the high cost of lithium-ion batteries. The lithium-ion battery price trend is heavily influenced by raw material prices, import duties, and limited domestic manufacturing capabilities. Since India currently relies on imports for a significant portion of its battery components, fluctuations in global supply chains directly impact lithium-ion battery cost trends . Solution: Strengthening Local Manufacturing & Raw Material ...