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India’s Annual Battery Market Could Surpass $15 Billion by 2030: NITI Aayog Report

The PLI program could provide a much-needed boost to the battery manufacturing segment

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NITI Aayog, in collaboration with the Rocky Mountain Institute (RMI), recently published a report, which estimates India’s future demand for batteries under an ‘accelerated scenario’ and a ‘conservative scenario,’ to help support the increasing number of electric vehicles, significant grid storage requirement and contribute to the country’s energy security.

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