IESA webinar on Impact of global Novel CoronaVirus (COVID-19) on Battery Industry in India by Akshay Kashyap
An understanding of the supply chain, related supply markets (e.g., Li-ion electric vehicle batteries) and how these markets interact with the broader economy will be critical to analyse the impact, as well as suggest strategies that market participants, regulators, and policymakers can employ to mitigate some the adverse effects. Even though, India is encouraging indigenous manufacturing and have succeeded to an extent, but the most important part of any battery being the cell, which are still being imported mostly from China and other East Asian countries, the growth is expected to slow down the industry event further. As the coronavirus spread, our focus should shift from foreign manufacturing capability to develop indigenous ecosystem development. This webinar discussed the impact of COVID on battery industry in India sharing experiences from leading industry stakeholders.