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Uncertainty in battery cells biz demands realistic incentives from govt

In India, nearly all cells going into EVs are imported, and that's where the big challenge lies

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5 min read Last Updated : Jul 27 2023 | 12:31 AM IST

Battery is a key product without which no country can unleash an electric vehicle (EV) revolution — including India that has ambitious goals.

That is why China lords over the EV market, accounting for 64 per cent of global sales last year. And that is possible because it also has a stranglehold in battery cell manufacturing with a 77 per cent share of global capacity. It also controls the battery components business.

Understandably, Ola Electric Founder Bhavish Aggarwal, India’s largest electric two-wheeler player, says while the DNA of his company was software it has also embraced a second DNA —

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