India’s clean energy transition is driving massive demand for battery chemicals crucial to electric vehicles and energy storage systems. These four manufacturers stand at the forefront of this shift, offering investors exposure to a high-growth industry while fueling the nation’s long-term push toward sustainable mobility and green power.
India’s renewable energy sector is expanding rapidly, with over 100 gigawatts of solar photovoltaic (PV) module manufacturing capacity now in place, according to the Ministry of New and Renewable Energy.
However, renewable sources like solar and wind remain intermittent, producing power only when sunlight or wind is available. This creates a pressing need for reliable solutions to ensure round-the-clock power supply and maintain grid stability.
Battery