Given the capital-intensive nature of the EV sector, Indian firms will have to grab a share of the global battery demand pie to turn a profit. Can Indian industry succeed in this ambitious venture?
Electric vehicles will play a major role in India’s emissions reduction goal. But, the heart of an EV, its battery, is mostly imported. For India to become a major EV player, it will have to master battery making. Given the capital intensive nature of the sector, Indian firms will have to grab a share of the global battery demand pie to turn a profit. So, can Indian industry succeed in this ambitious venture? This podcast has the answer.