To meet the growing demand for EVs in India and around the world, Himadri Speciality Chemical Ltd. is concentrating on enhancing its capacity to serve the market for EV battery raw materials.
Due to a technological breakthrough, skyrocketing gasoline prices, and the environmental impact of car emissions, electric vehicles are at a turning point. Customers have quickly adapted to EVs, and major automakers are moving forward with the production of such vehicles.
With this transformation in mind, the $2,790 crore Himadri Speciality is developing a strong portfolio.
India has a vast potential for large scale battery manufacturing, and it is expected that the country’s annual market for stationary and mobile batteries could surpass $15 billion by 2030, and in demand terms, it is expected to rise to 160 GWh.
