India to Build Full EV Battery Ecosystem in Two to Three Years
COAL & MINING

India to Build Full EV Battery Ecosystem in Two to Three Years

Mines Secretary Piyush Goyal said India is confident of building a complete electric vehicle battery ecosystem within the next two to three years and outlined a strategy covering lithium sourcing, processing, global acquisitions and mining reforms. He said the government expects rapid scale up in downstream capacity to support electric vehicle adoption and reduce import dependence. The remarks were made during an interaction with reporters in New Delhi.

Goyal said lithium remains central to the clean energy transition as lithium ion technology dominates batteries, while domestic lithium availability is limited and brine reserves are more common in South America. He noted that spodumene typically contains lithium in the range of one to six per cent and can be imported for further processing, and that domestic companies already possess the technology. He urged development of conversion facilities at scale to retain value addition.

He said the government is finalising a policy on processing critical minerals and has identified two key resources for electric vehicles, with incentives under consideration to encourage firms to establish lithium and nickel processing facilities. To secure supplies the country is pursuing mineral assets in South America, Australia and Canada and a consortium of public sector undertakings including Hindustan Copper Limited is bidding for overseas blocks, including copper assets in Chile. International collaborations for technology and resource access are being evaluated.

Efforts are under way to recover critical minerals from industrial waste such as red mud, tailings and fly ash, and production of gallium and cadmium has begun while work on tantalum continues though private firms remain cautious due to high capital requirements. Under the National Critical Mineral Mission 46 blocks have been auctioned against a target of 100 and a separate scheme to strengthen the value chain is in advanced stages. The Secretary highlighted mining reforms that saw 212 blocks auctioned in 2025-26, the National Geoscience Data Repository hosting 90,000 exploration reports, faster operationalisation with 25 mines becoming operational in the past year, and copper ore imports valued at Rs 430 billion (Rs 430 bn) processed domestically.

Mines Secretary Piyush Goyal said India is confident of building a complete electric vehicle battery ecosystem within the next two to three years and outlined a strategy covering lithium sourcing, processing, global acquisitions and mining reforms. He said the government expects rapid scale up in downstream capacity to support electric vehicle adoption and reduce import dependence. The remarks were made during an interaction with reporters in New Delhi. Goyal said lithium remains central to the clean energy transition as lithium ion technology dominates batteries, while domestic lithium availability is limited and brine reserves are more common in South America. He noted that spodumene typically contains lithium in the range of one to six per cent and can be imported for further processing, and that domestic companies already possess the technology. He urged development of conversion facilities at scale to retain value addition. He said the government is finalising a policy on processing critical minerals and has identified two key resources for electric vehicles, with incentives under consideration to encourage firms to establish lithium and nickel processing facilities. To secure supplies the country is pursuing mineral assets in South America, Australia and Canada and a consortium of public sector undertakings including Hindustan Copper Limited is bidding for overseas blocks, including copper assets in Chile. International collaborations for technology and resource access are being evaluated. Efforts are under way to recover critical minerals from industrial waste such as red mud, tailings and fly ash, and production of gallium and cadmium has begun while work on tantalum continues though private firms remain cautious due to high capital requirements. Under the National Critical Mineral Mission 46 blocks have been auctioned against a target of 100 and a separate scheme to strengthen the value chain is in advanced stages. The Secretary highlighted mining reforms that saw 212 blocks auctioned in 2025-26, the National Geoscience Data Repository hosting 90,000 exploration reports, faster operationalisation with 25 mines becoming operational in the past year, and copper ore imports valued at Rs 430 billion (Rs 430 bn) processed domestically.

Related Stories

Gold Stories

Next Story
Resources

Schindler named among Forbes’ World’s Best Employers 2026

Schindler has been named among Forbes’ World’s Best Employers 2026, a global ranking recognising companies for their workplace environments.Compiled by Forbes in partnership with Statista, the ranking is based on independent employee feedback, including whether employees would recommend their organisation to friends and family.The company said the recognition reflected its focus on creating a workplace where employees can develop their expertise and build careers. ..

Next Story
Infrastructure Urban

India needs an export-execution mindset: Vishesh Jain

Interview with Vishesh Jain, Founder & CEO, EximpleWhat gaps in India’s global trade ecosystem led you to build Eximple, and what problem did you see businesses struggling with most?Eximple came out of a problem that all three founders had seen from different choke points in the trade ecosystem. India has millions of MSMEs and manufacturers, and many of them can make products that are genuinely competitive on quality. Yet only a small fraction is able to build meaningful international businesses. In our experience, the gap is usually not manufacturing capability; it is the ability to exe..

Next Story
Building Material

Nuvoco reports 13.5% revenue growth in Q2 FY27

Nuvoco Vistas Corp. Ltd. reported consolidated revenue of Rs 27.9 billion for Q2 FY27, up 13.5% year on year. Cement sales volume rose 9% to 4.7 million tonnes (MMT), while EBITDA increased 11% to Rs 4.11 billion.The company said it began its cement operations in 2014 with a 2.3 MMT per annum (MMTPA) operation at Nimbol. It now aims to reach 35 MMTPA of cement capacity by FY28, nearly 15 times its initial capacity. Its portfolio spans cement, ready-mix concrete and modern building materials.On sustainability and cost efficiency, Nuvoco partnered with CleanMax for a 46.4 MW wind-solar hybrid re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code