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India's import dependence of lithium-ion battery will drop to 20% by FY27: CareEdge Ratings

By Economic Times - 21 hours ago
India is taking significant steps to reduce its reliance on imported lithium-ion batteries. Driven by the growth of electric vehicles and renewable energy, demand for these batteries is skyrocketing. Government initiatives and falling battery costs are encouraging domestic production, aiming to decrease import dependence to 20% by FY27.

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