in5points
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India's advanced battery demand to grow at 39% CAGR till 2030: Report

in5points

  1. India's Advanced Chemistry Cells demand will grow at 39% CAGR from 2025-30, per a Nuvama report.

  2. EV battery segment is expected to grow at 35% CAGR during the same period.

  3. Battery energy storage system (BESS) sector will see 78% growth.

  4. Growth is backed by a Rs 18,100 crore PLI scheme.

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