Lithium batteries are now powering a good range of electrical and electronically devices, including laptop computers, mobile phones, power tools, telecommunication systems and new generations of electrical cars and vehicles. Lithium metal batteries and lithium ion batteries. Basically, the difference between them is that lithium metal batteries are people who aren't rechargeable, thus, primary, and lithium ion batteries are people who are often recharged. As an example, your laptop or telephone is likely to possess a lithium ion battery, whereas your watch may have a lithium metal battery.
The India lithium-ion battery market is expected to grow at a robust CAGR of 29.26% during the forecast period, 2018-2023. The Indian automobile sector is one of the most prominent sectors of the country, accounting for nearly 7.1% of the national GDP. The industry produced a total of 25.31 million vehicles, including commercial, passenger, two, and three vehicles and commercial quadricycle in April-March 2017, as against 24.01 million in April-March 2016. However, India has set itself an ambitious target of having only electric vehicles (EV) by 2030, which is expected to increase the demand for lithium-ion batteries in India, significantly. “In the coming years, India is expected to witness substantial investments by various companies to set up their Li-ion battery manufacturing base in the country. Entrepreneurs who invest in this project will be successful.
Few Indian major players are as under
H B L Power Systems Ltd.
Luminous Power Technologies Pvt. Ltd.
Okaya Power Pvt. Ltd.
Eon Electric Ltd.
Carborundum Universal Ltd.
Bharat Electronics Ltd.