India to Become Export Hub for Lithium-Ion Batteries
POWER & RENEWABLE ENERGY

India to Become Export Hub for Lithium-Ion Batteries

Union Minister of Road Transport and Highways, Nitin Gadkari, announced that India will soon be in a position to export lithium-ion batteries globally. Speaking at the 64th annual convention of the Society of Indian Automobile Manufacturers (SIAM) in New Delhi, Gadkari emphasized the rapid progress in lithium-ion battery manufacturing in the country, with major companies like Adani, Tata, Maruti, LG, and Samsung entering the market.

"I’m confident that we'll soon export lithium-ion batteries to different parts of the world," Gadkari said. He also highlighted ongoing research in new battery technologies, including aluminum-ion and other chemistries, which present huge market opportunities.

Gadkari projected that India's electric vehicle (EV) market could reach annual sales of one crore units by 2030, creating over five crore jobs. The sector, he noted, has the potential to become a ?20 lakh crore industry by the same year. He urged the automobile industry to prioritize quality, advanced designs, and the latest technology to remain competitive in both domestic and export markets.

To support this growth, Gadkari revealed plans for a world-class testing agency in Pune. The ?4.5 billion CIIT Training Institute will offer research and development facilities, providing vital services to the auto industry.

In addition to promoting EVs, Gadkari advocated for the industry’s cooperation in the government's vehicle scrappage policy. He highlighted how similar programs in the U.S. and Europe boosted auto sales by 9-12% and suggested that India's automakers could benefit from establishing their own scrappage centers.

“The automobile industry is key to achieving our vision of making India a $5 trillion economy and the world’s leading auto manufacturer,” Gadkari said, reaffirming the government’s focus on sustainable practices and innovation as part of India's long-term goals, including carbon neutrality by 2070.

Union Minister of Road Transport and Highways, Nitin Gadkari, announced that India will soon be in a position to export lithium-ion batteries globally. Speaking at the 64th annual convention of the Society of Indian Automobile Manufacturers (SIAM) in New Delhi, Gadkari emphasized the rapid progress in lithium-ion battery manufacturing in the country, with major companies like Adani, Tata, Maruti, LG, and Samsung entering the market. I’m confident that we'll soon export lithium-ion batteries to different parts of the world, Gadkari said. He also highlighted ongoing research in new battery technologies, including aluminum-ion and other chemistries, which present huge market opportunities. Gadkari projected that India's electric vehicle (EV) market could reach annual sales of one crore units by 2030, creating over five crore jobs. The sector, he noted, has the potential to become a ?20 lakh crore industry by the same year. He urged the automobile industry to prioritize quality, advanced designs, and the latest technology to remain competitive in both domestic and export markets. To support this growth, Gadkari revealed plans for a world-class testing agency in Pune. The ?4.5 billion CIIT Training Institute will offer research and development facilities, providing vital services to the auto industry. In addition to promoting EVs, Gadkari advocated for the industry’s cooperation in the government's vehicle scrappage policy. He highlighted how similar programs in the U.S. and Europe boosted auto sales by 9-12% and suggested that India's automakers could benefit from establishing their own scrappage centers. “The automobile industry is key to achieving our vision of making India a $5 trillion economy and the world’s leading auto manufacturer,” Gadkari said, reaffirming the government’s focus on sustainable practices and innovation as part of India's long-term goals, including carbon neutrality by 2070.

Next Story
Infrastructure Urban

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Next Story
Infrastructure Energy

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Next Story
Infrastructure Urban

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement