India's EV Cell Manufacturers Gain Ground in Closing China Pricing Disadvantage
India's Lithium-Ion Cell Makers Seek to Narrow Price Gap with Chinese Rivals
New Delhi: India's lithium-ion cell makers are taking steps to narrow the price gap with their Chinese rivals in the electric vehicles (EVs) and battery storage systems market. This move is expected to be fueled by local supplier development and the expiration of key tax exemptions for companies in China, which could push up imported cell prices by approximately 9% over the next few months.
Industry executives have reported that cell and component makers have intensified discussions with the Union government in recent weeks. These discussions are centered around seeking incentives for raw materials used in lithium-ion cell manufacturing. The goal is to improve domestic cost competitiveness and build a local supplier base, which would enable Indian companies to better compete with their Chinese counterparts.
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Investor Takeaway
Investors should monitor the development of India's lithium-ion cell manufacturing industry for potential growth opportunities.
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