{"id":547412,"date":"2021-06-14T16:00:01","date_gmt":"2021-06-14T16:00:01","guid":{"rendered":"https:\/\/www.abnewswire.com\/pressreleases\/?p=547412"},"modified":"2021-06-14T16:00:01","modified_gmt":"2021-06-14T16:00:01","slug":"india-electric-vehicle-battery-market-2021-size-share-price-trends-growth-and-forecast-2026","status":"publish","type":"post","link":"https:\/\/www.abnewswire.com\/pressreleases\/india-electric-vehicle-battery-market-2021-size-share-price-trends-growth-and-forecast-2026_547412.html","title":{"rendered":"India Electric Vehicle Battery Market 2021: Size, Share Price, Trends, Growth and Forecast 2026"},"content":{"rendered":"
\"India<\/a><\/p>\n
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India Electric Vehicle Battery Market Report<\/div>\n<\/div>\n<\/div>\n

According to the latest report by IMARC Group, titled “<\/strong>India Electric Vehicle Battery Market: <\/strong>Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026,<\/strong>” the india electric vehicle battery market<\/a><\/strong> expected to grow at a CAGR of around 30% during (2021-2026).<\/p>\n

Electric vehicle (EV) battery is usually installed in battery electric vehicles (BEV), hybrid electric vehicles<\/a><\/strong> (HEV) and plug-in hybrid electric vehicles. Some of the common product variants are nickel-metal hydride battery, lithium-ion battery and lead-acid battery<\/a><\/strong>. EV batteries offer several advantages in minimizing carbon emissions, controlling maintenance costs, mitigating fuel dependency, producing high energy per unit mass, etc. In India, electric vehicles have gained more traction over traditional gasoline-powered automobiles, thereby driving the adoption of EV batteries.<\/p>\n

As the novel coronavirus (COVID-19)<\/strong> crisis takes over the world, we are continuously tracking the changes in the markets, as well as the industry behaviours of the consumers globally and our estimates about the latest market trends and forecasts are being done after considering the impact of this pandemic.<\/p>\n

India Electric Vehicle Battery Market Trends:<\/strong><\/p>\n

The growing concerns towards the harmful impact of fuel-based vehicles on the environment are primarily driving the demand for electric vehicle batteries. Additionally, a significant increase in the automotive industry has resulted in the development of several custom-made options for EV batteries to be employed in buses, loaders, trucks, excavators, vans, etc. This is further augmenting the product demand across diverse industries, such as transportation, construction, mining, logistics, transportation, etc. Besides this, the introduction of various government initiatives for encouraging the adoption of electric vehicles to curb air pollution, especially across the metropolitan cities, is also providing a thrust to the market.  In the coming years, the decreasing costs of high-capacity Li-ion batteries, along with the increasing domestic production of EV batteries rather than depending upon the exports will continue to bolster the market growth in India.<\/p>\n

Request Free Sample Report: <\/strong>https:\/\/www.imarcgroup.com\/india-electric-vehicle-battery-market\/requestsample<\/strong><\/a><\/p>\n

India Electric Vehicle Battery Market 2021-2026 Analysis and Segmentation:<\/strong><\/p>\n

Competitive Landscape:<\/strong><\/p>\n

The competitive landscape of the market has been studied in the report with the detailed profiles of the key players operating in the market.<\/p>\n

Exide Industries Ltd (EXIDEIND.NS)<\/p>\n

Okaya Power Pvt. Ltd (NSE:7485)<\/p>\n

Panasonic Corporation (PCRFY)<\/p>\n

Samsung SDI Company Limited (006400.KS)<\/p>\n

Tata Motors Limited (TTM)<\/p>\n

Amar Raja Batteries Limited (AMARAJABAT.BO)<\/p>\n

Tata AutoComp GY Batteries Private Limited<\/p>\n

Hero Electric Vehicles Pvt. Ltd<\/p>\n

Exicom Tele-Systems Limited<\/p>\n

Toshiba India Pvt. Ltd<\/p>\n

The report has segmented the market on the basis on region, disc type, material type and end user.<\/p>\n

Breakup by Battery Type:<\/strong><\/p>\n