India's ACC battery demand to rise to 700GWh by 2040: Report
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New Delhi: India's demand for Advanced Chemistry Cell (ACC) batteries will increase to over 700 GWh by mid-2040s from 28 GWh in 2025, a report by India Energy Storage Alliance (IESA) released on Thursday said.
The report, which provides a detailed assessment of India's battery value chain through 2047, reveals that the country's transition to electric mobility and large-scale energy storage will be central to achieving its climate commitments, the Viksit Bharat Vision 2047. The study adopts two forecast scenarios: a Business-as-Usual (BAU) case and a more ambitious Viksit Bharat Pathway (VBP) case, projecting that total battery demand could reach between 1.3 TWh and 1.9 TWh by 2047, an IESA statement said. "India's demand for ACC batteries is set to witness growth over the next two decades, scaling from 28 GWh in 2025 to well over 700 GWh by the mid-2040s," the report said.
The report was released at the India Battery Manufacturing and Supply Chain Summit (IBMSCS) 2026, a two-day flagship event organized by IESA in Hyderabad.
Rajesh Kulhari, Joint Secretary, Ministry of Renewable and Energy, said on the occasion that India’s energy storage revolution calls for collaboration across the ecosystem.
