Investment of billions of rupees in battery materials plants in India is gathering pace, while cell production plans are being delayed by China's technology transfer regulations, with delays of several years anticipated.
Indian companies are investing billions of rupees in lithium-ion battery materials plants, but a shortage of domestic customers has emerged. Materials plants are coming online first, while the full-scale launch of cell production is being delayed.
The delay in cell production plans is attributed to China's technology transfer regulations, which are affecting the progress of local capital investment. More companies are being forced to develop sales channels both domestically and overseas.
The companies concerned face a choice over whether to postpone the start of plant operations, and views have emerged that establishing the foundations for cell production could take several years. The article also mentions the use of government subsidy programs, but does not give a specific completion date.