India, May 15 -- India's electric vehicle (EV) battery demand is projected to grow 10 times from 20 GWh in 2025 to 200 GWh by 2032, industry body Indian Energy Alliance (IESA) said on Thursday.

Citing a study, IESA said the EV opportunity in India is no longer limited to vehicle manufacturing; the largest strategic gains may lie in component localisation and supply chain development as India positions itself as a global manufacturing hub.

The IESA, in association with Customized Energy Solutions (CES), is set to release the study report titled 'India EV & EV Component Market Outlook 2025-2034' at the 12th India Energy Storage Week (IESW), to be held from July 8-10 in the national capital.

The study has found that India's EV battery dem...