India’s $1,94,000 Crore Battery Race: Can It Break Free From China’s Grip?

India’s battery market, projected to reach ₹1,94,000 crore by 2031, is expanding rapidly across electric vehicles, renewable energy, telecom and consumer electronics, but the country remains deeply dependent on China, which controls up to 98% of the global supply chain for critical components. Despite ambitious government programs and subsidies, India’s self-reliance in battery manufacturing
India’s battery market, projected to reach ₹1,94,000 crore by 2031, is expanding rapidly across electric vehicles, renewable energy, telecom and consumer electronics, but the country remains deeply dependent on China, which controls up to 98% of the global supply chain for critical components. Despite ambitious government programs and subsidies, India’s self-reliance in battery manufacturing
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