Why local battery manufacturing remains the missing component in India’s EV ambitions

With localisation comes lower pricing. That's the formula in any business. But the story of the Indian battery industry is a bit different. Entrepreneurs in India are not tempted to bet on making battery cells just yet. And rightly so. Officials at major automakers say they would prefer to source batteries from large “branded” suppliers because of their assured quality. They also acknowledge that even if they source from South Korean or Japanese