The Crucial Role of Batteries in Boosting the Growth of Electric Vehicles in Indiaby@thetechpanda

The Crucial Role of Batteries in Boosting the Growth of Electric Vehicles in India

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The Indian EV battery market size is expected to grow from USD 16.77 billion in 2023 to USD 27.70 billion by 2028, at a CAGR of 10.56% between 2023 and 2028. India has huge potential for in manufacturing EV battery packs as the country is heavily dependent on importing 60-65% of the total component requirement.

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by The Tech Panda @thetechpanda.The Tech Panda explores technology’s impact on Indian lives and its ties with business and economy.
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