How India Can be the Next Global Supplier Hub?

Synopsis

The energy storage landscape is undergoing a dramatic transformation, with battery prices plummeting 31% between 2022 and 2024. This steep decline is rapidly enhancing the economic viability of Battery Energy Storage Systems (BESS), with forecasts indicating further cost reductions from $95/kWh in FY 2025 to $68/kWh by FY 2030. Particularly noteworthy is the lithium-ion battery segment, where pack prices experienced their most significant annual decrease since 2017, falling 20% to reach $115/kWh in 2024.

As this cost revolution unfolds, it creates both opportunities and strategic imperatives for India’s emerging battery manufacturing ecosystem.

• What does India need to do to match China’s battery supply chain dominance?
• How will US tariffs and Inflation Reduction Act policies impact Indian export potential?
• What are the infrastructure gaps India must close to become a reliable exporter?
• How are CXOs planning to localize manufacturing while maintaining global quality standards?
• What government support is needed to attract global anchor clients?