Informa Markets in India, the country’s leading exhibition organiser, hosted a high-level Industry Roundtable in Pune on October 15 at the JW Marriott. The session served as a strategic curtain-raiser to the upcoming 3rd edition of The Battery Show India 2025, scheduled alongside Renewable Energy India from October 30 to November 1, 2025, at the India Expo Centre & Mart (IEML), Greater Noida.
The roundtable convened key voices from across the energy storage and electric mobility value chain to deliberate on growth trajectories, technological breakthroughs, and emerging investment opportunities. With the Indian EV battery market projected to grow from USD 16.77 billion in 2023 to USD 27.70 billion by 2028, the discussions highlighted India’s growing role in the global energy transition.
EV Market Growth: India on a Strong Upward Curve
Pune a key hub for automotive OEMs and battery R&D provided the ideal backdrop for forward-looking conversations. Mr. Prajyot Sathe, Research Director, Mobility – Electric Vehicles, Frost & Sullivan, shared market projections:
“The global electric passenger car market is expected to reach around 21 million units by 2025. In comparison, India’s passenger EV market closed at nearly 99,000 units in 2024 and is projected to reach 140,000 units in 2025, with 99.9% being pure battery electric vehicles. By 2030, the market is set to grow to 700,000 units, accounting for 7–8% of total passenger vehicle sales.”
He emphasized that this growth is driven by supply chain localization, cross-sector collaborations, and technology advancements with Tata Motors and Mahindra & Mahindra leading the mass market, while new entrants like Tesla, Inc. and VinFast expand the premium segment.
Technology-Agnostic Powertrains and Policy Impact
Mr. Ramnik Singh, Director India & ASEAN, Gamma Technologies, noted a global shift toward technology-agnostic powertrains.
“While global EV adoption targets have been recalibrated from 30% to 7–15% of OEM sales by 2030, the future lies in a balanced powertrain mix electric, hybrid, and range-extended vehicles designed for efficiency and affordability.”
He highlighted how India’s FAME and PLI schemes have accelerated adoption and localization but stressed that incentivizing LFP battery recycling is essential to make the value chain more economically sustainable.
Building India-First Innovations
Ms. Apoorva Bedekar, COO, Cordwood Technologies LLP, underlined the growing role of indigenous innovation.
“The surge in demand for efficient Battery Management Systems (BMS) is driving local R&D. While many large-scale ESS systems are still imported in SKD form, there’s a strong push to indigenize technologies suited for Indian conditions, paving the way for self-reliance.”
Mr. Kapil Baidya, Vice-President, Energy in Motion, added that LFP batteries remain the preferred chemistry for EVs in India due to their safety, stability, and compatibility with tropical climates.
“End-of-life EV batteries can be repurposed for 5–10 years in stationary energy storage before recycling. The 2022 Battery Waste Management Regulations have also enforced stricter recycling mandates and safety standards.”
TBSI 2025: A Catalyst for Energy Storage Transformation
Mr. Rajneesh Khattar, Senior Group Director, Informa Markets in India, shared the vision for TBSI 2025:
“The India BMS market, valued at USD 278 million in 2024, is projected to touch USD 1.22 billion by 2033 at a 17.9% CAGR. TBSI will be the platform to bring together innovators, policymakers, and global leaders to shape India’s clean energy future.”
TBSI 2025, India’s largest dedicated event for batteries and energy storage, will host over 350 exhibitors and 400+ brands from Japan, the USA, Korea, Taiwan, and China. Supported by the Department of Science & Technology and the Ministry of Heavy Industries, the expo will spotlight cell manufacturing and energy storage innovations, with 20,000+ trade visitors expected. A major attraction will be live demonstrations of Battery Energy Storage Solutions (BESS) for multiple applications.
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