India Electric Vehicle Battery Demand Projected to Reach 200 GWh by 2032

Key facts

• The Indian Energy Alliance (IESA) projected that India's electric vehicle (EV) battery demand will grow tenfold from 20 GWh in 2025 to 200 GWh by 2032.
• The IESA, in association with Customized Energy Solutions (CES), will release the India EV and EV Component Market Outlook 2025-2034 report at the 12th India Energy Storage Week (IESW) in the national capital.
• Total EV sales in India crossed 2.5 million units in 2025, comprising 1.5 million two-wheelers and 0.7 million three-wheelers.
• Nickel Manganese Cobalt (NMC) battery chemistry holds a 70 per cent market share in the electric two-wheeler segment, while Lithium Iron Phosphate (LFP) chemistry is gaining ground in other segments.
• BLDC motors account for 71 per cent of the two-wheeler market, while PMSM motors have emerged as the preferred technology in electric passenger vehicles with over 90 per cent market share.