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India EV battery demand set to soar tenfold to 200 GWh by 2032 IESA
Economy
Published on 14 May 2026
Battery demand could rise 10x as new chemistries emerge
India’s EV battery demand is projected to grow tenfold, reaching 200 GWh by 2032, according to IESA. The surge is expected to reshape India’s supply chain and boost localization of key components like cells, motors, and manufacturing capabilities. While electric two-wheelers currently lead, passenger cars and light commercial fleets are poised to drive the next phase.
- India EV battery demand may hit 200 GWh by 2032
- Localization and supply-chain development will accelerate
- Growth is led by two-wheelers, with cars and LCVs next
- New battery chemistries and motor technologies are emerging
Read the full story at The Economic Times
This summarization was done by Beige for a story published on 
The Economic Times