317
/
2
Min Read
India’s demand for Advanced Chemistry Cell (ACC) batteries is expected to surge from 28 GWh in 2025 to over 700 GWh by the mid-2040s, according to a report released by the India Energy Storage Alliance (IESA) on Thursday. The report, which assesses India’s battery value chain outlook through 2047, highlights the central role of electric mobility and large-scale energy storage in meeting the country’s climate goals under the Viksit Bharat Vision 2047.
The study outlines two forecast scenarios a Business-as-Usual (BAU) case and a more ambitious Viksit Bharat Pathway (VBP). Under these scenarios, total battery demand is projected to reach between 1.3 terawatt-hours (TWh) and 1.9 TWh by 2047.
The report was unveiled at the India Battery Manufacturing and Supply Chain Summit (IBMSCS) 2026, held in Hyderabad. Speaking at the event, Rajesh Kulhari, Joint Secretary at the Ministry of New and Renewable Energy, said that India’s energy storage revolution would require strong collaboration across the entire ecosystem.
Debmalya Sen, President of IESA, noted that the rapidly growing demand for batteries presents both a significant opportunity and a strategic imperative for building domestic manufacturing capabilities. To achieve the Viksit Bharat vision, he said, India must move beyond cell assembly and develop a comprehensive ecosystem encompassing raw materials, components, and recycling.
According to the report, electric vehicles are expected to account for around 60 per cent of total battery demand in 2025, rising to approximately 74–77 per cent by 2047. India’s EV market is projected to grow at a compound annual growth rate (CAGR) of over 30 per cent through 2035, led primarily by electric two- and three-wheelers.
At the same time, deployment of stationary energy storage systems is set to accelerate after 2030, driven by renewable energy integration and grid-balancing requirements. This segment is expected to grow at a CAGR of more than 23 per cent through 2035.
The report also projects that Lithium Iron Phosphate (LFP) batteries and their variants will account for over 60 per cent of total battery demand by 2047, supported by their cost advantages, thermal stability, and safety. The summit witnessed significant international participation from countries including China, Japan, Korea, Finland, Australia, Germany, and the United States, underscoring the global importance of India’s evolving battery ecosystem.
