+
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.

Related Stories

Gold Stories

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Real Estate

Adani begins construction of Dharavi rehabilitation homes

Construction of rehabilitation homes for eligible Dharavi residents has commenced at the 22-acre Matunga railway site, following a Bhoomi Poojan ceremony performed by Pranav Adani, Director, Adani Enterprises (AEL). The project, being implemented by Adani Navbharat Developers (ANDPL), envisages 10 towers comprising 10,432 rehabilitation apartments and 1,379 commercial and industrial units.Under the in-situ rehabilitation scheme, eligible residents will receive homes measuring 350 sq ft. Residents from Sectors 6 and 1 will be accommodated at Matunga first, followed by nearly 4,500 apartments fo..

Next Story
Equipment

Seven Propel 470 HEV electric tippers go to work on coal haulage in Chhattisgarh

Propel EV, the electric mobility division of Propel Industries and India's No. 1 electric tipper brand, has deployed seven 470 HEV electric trucks with a leading coal-haulage contractor at one of India's largest opencast coal mines in Chhattisgarh. The trucks are in daily operation, moving coal on continuous haul cycles in one of the most demanding applications in Indian mining.Why Electric - and Why CoalCoal haulage runs round the clock: heavy loads, long haul cycles, steep ramps and abrasive dust. It is also where diesel hurts most. Engines run continuously, fuel is the largest single operat..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code