India’s EV battery demand to rise to 256.3 GWh by 2032: Report

New Delhi: India’s electric vehicle (EV) battery market demand will surge from 17.7 GWh in 2025 to a staggering 256.3 GWh by 2032, according to a Customized Energy Solutions’ (CES) report on Friday.

This explosive growth is driven by India’s push toward electrification, with rising fuel prices, strong consumer demand, rapid model launches, and robust policy support, all converging to create a unique growth environment, the 2025 EV Battery Technology Review Report said.

It notes that a compound annual growth rate (CAGR) of 35 per cent is expected over the next seven years, signalling a seismic shift in the nation’s automotive sector. As electric mobility accelerates worldwide, the report provides deep insights into breakthroughs in chemistry, performance, advancements, and manufacturing strategies shaping next-generation battery systems.

"Breakthroughs in battery chemistry are at the core of India’s EV revolution. Innovations like LFP Gen 4 and the emergence of sodium-ion technology are not just technical upgrades; they’re game-changers that will make electric vehicles more affordable, safer, and able to go farther on a single charge," Vinayak Walimbe, Managing Director, CES said in a statement.

At the heart of this growth story is a revolution in battery chemistry. Global advances are pushing lithium-ion batteries, especially next-generation LFP (lithium iron phosphate) and NCM (nickel cobalt manganese) technologies, to new heights of energy density, safety, and cost competitiveness.