India Lithium Ion Cell and Battery Market is Expected to Reach Around 5 GWh in Terms of Sales Volume by 2023: Ken Research
This is said to increase the demand for Lithium Ion Batteries in India.
- This is said to increase the demand for Lithium Ion Batteries in India.
- Reduction in GST rate on Lithium Ion Batteries is set to boost the market in India.
- Production of lithium ion cells will begin by 2020, as firms have established joint ventures and collaborations to begin production in the country.
- The market is further expected to be driven by the rising competition from new companies entering the market.