India Automotive Lead Acid Battery Market Assessment, By Vehicle Type [Passenger Car, Three-Wheeler, Two-Wheeler, Light Commercial Vehicle, Medium and Heavy Commercial Vehicle], By Battery Capacity [Up to 20Ah, 20-50Ah, Above 50Ah], By Sales Channel [Original Equipment Manufacturer, Aftermarket], By Region, Opportunities and Forecast, FY2018-FY2032F

India automotive lead acid battery market is projected to witness a CAGR of 4.72% during the forecast period FY2025-FY2032, growing from USD 1.92 billion in FY2024 to USD 2.77 billion in FY2032

India Automotive Lead Acid Battery Market Size, Growth, Trends & Insights 2032

India automotive lead acid battery market is projected to witness a CAGR of 4.72% during the forecast period FY2025-FY2032, growing from USD 1.92 billion in FY2024 to USD 2.77 billion in FY2032. The market has observed significant growth in recent years and is expected to maintain an expansion in the coming years owing to rapid urbanization, considerable expansion in the automotive industry, technological advancements, and innovations in the battery industry. Cost-effectiveness, affordability, and compatibility of automotive lead acid batteries in the range of automotive applications are the other key drivers propelling market expansion. The demand for India automotive lead acid battery market is significantly rising as it has been a long-preferred choice for starting, lighting, and ignition (SLI) applications in vehicles, owing to their cost-effectiveness, reliability, and well-advanced technology. Furthermore, the development of new vehicle models, massive growth in vehicle sales, and continuous innovations in the automotive industry will increase demand for automotive lead acid battery market growth in India in the forecast period.
Also, manufacturers in the market are investing in upgrading their products to improve the effectiveness of automotive lead acid batteries and extend battery life. Advancements in batteries mitigate key consumer concerns regarding a sustainable environment and enhanced corrosion resistance, coupled with the growing craze of daytime running LEDs among car buyers, driving the demand for high voltage batteries, including automotive lead acid batteries in India. Additionally, companies in the market are investing in different research and development activities to launch new and innovative products and address the rising demand for lead acid batteries in the automotive industry. Furthermore, companies are investing in automotive lead acid batteries to offer a better experience.
For instance, in June 2024, Amara Raja Energy &amp; Mobility Limited announced an investment of nearly USD 36 million as capital expenditure for its new energy and lead acid businesses during FY2025 and FY2026 to remain competitive in India&rsquo;s growing EV sphere.
<h2>Rising Adoption of Electric Vehicles to Drive India Automotive Lead Acid Battery Market Demand</h2>
The considerable increase in demand for electric vehicles, including electric passenger cars, e-rickshaws, and others in India, is projected to drive the demand for automotive lead acid batteries. The Indian government is implementing different policies and regulations to promote the adoption of e-rickshaws and reduce carbon emissions, propelling India automotive lead acid battery market growth in the forecast period. Moreover, the Indian government offers incentives and subsidies that decrease the overall cost of automobiles and surge in demand for EVs, which further fosters market demand in India. This trend is projected to continue as the automotive industry moves towards electrification, with automotive lead acid batteries being significant in powering entry-level EVs and hybrid models. Companies in the market are efficiently introducing automotive lead acid battery technology to reduce emissions and extend the lifespan of vehicles.
For instance, in June 2023, Schaeffler India Limited announced the launch of Schaeffler TruPower 2-Wheeler Batteries, leveraging Valve Regulated Lead Acid technology to ensure trouble-free running of the vehicle.
<h2>Rising Awareness Concerning Sustainable Environment Propels Market Growth</h2>
The growing awareness concerning sustainable environment and transportation and government regulations on net zero carbon emissions are anticipated to propel the growth of India automotive lead acid battery market in the forecast period. Automakers significantly utilize lead acid batteries in cars and other motor vehicles due to their cost-effectiveness and longer life cycle, coupled with zero-carbon emissions. Additionally, the regulatory assistance for green technologies and the force towards cleaner transportation solutions foster the integration of automotive lead acid batteries in different automotive applications. Companies in the market are introducing automotive lead acid batteries to address the rising demand for sustainable transportation and advance the performance of vehicles.
For instance, in January 2024, Ipower Batteries Private Limited announced the launch of Graphene series lead acid batteries in the country to contribute to the growth of the EV industry in India.
<h2>Government Rules and Regulations to Push Market Growth</h2>
In India, government rules and regulations are considerably propelling the growth of India automotive lead acid battery market as the Indian government introduced different initiatives focused on encouraging sustainability and improving recycling procedures. Policies, including stricter environmental standards for battery disposal and improved recycling regulations, are motivating manufacturers to implement eco-friendly procedures. In addition, the government&rsquo;s support for cost-effective energy storage solutions and incentives for adopting energy-efficient technologies support the increased demand for automotive lead acid batteries in India in the forecast period. Furthermore, the government of India pushes automakers to use locally manufactured batteries, propelling domestic production and innovation. The government is framing different regulations to minimize health risks and enhance vehicle safety and carbon emissions, driving the automotive industry, which further propels the market growth for automotive lead acid batteries.
For instance, the Government of India announced an ambitious target of 30% EV penetration by 2030, surging the demand for automotive lead acid batteries. Also, GOI has a vision of Viksit Bharat by 2047, which requires the introduction of a robust research and development scenario that allows the formation of a self-reliant domestic EV ecosystem.
<h2>Passenger Cars to Dominate India Automotive Lead Acid Battery Market Share</h2>
Passenger cars dominate the largest market share in India automotive lead acid battery market owing to an increase in disposable income, technological advancement in vehicles, and lower fueling and maintenance costs. The growth of India passenger vehicle market is rising owing to the awareness concerning sustainability and strict government regulations on net zero carbon emissions. Companies in the market are designing EVs with accessibility in mind, making them a better choice for public transportation with wider doors and more space inside to accommodate passengers with pushchairs, prams, and luggage. In addition, companies are introducing automotive lead acid batteries to offer reliable starting power and address the automakers' demand for lead acid batteries.
For instance, in July 2024, Exide Industries Ltd&nbsp;announced the launch of a new advanced Absorbent Glass Mat (AGM) battery for starting, light, and ignition (SLI) applications. Exide anticipants SLI-AGM batteries to become a dominant percentage of all four-wheeler battery requirements, precisely passenger vehicles.
<h2>20-50Ah is Expected to Hold the Largest Market Share in the Indian Market</h2>
20-50Ah battery capacity is estimated to hold the largest market share in India automotive lead acid battery market owing to an increase in the production and sale of electric vehicles, including two-wheelers and small cars, and a rapid trend of personalization. Also, the key participants in the market are significantly producing passenger cars and light commercial vehicles in this range of battery capacity, propelling the growth of India 20-50Ah automotive lead acid battery market in the forecast period. The demand for 20-50Ah automotive lead acid batteries is growing as they have reliable starting power, are compatible with all climates, and are cost-effective. In addition, manufacturers in the market enhance their manufacturing practices to advance the power capacity of batteries and improve fuel efficiency, coupled with reducing emissions. Furthermore, companies in the market are prioritizing power efficiency and eco-friendly practices to minimize waste and developing recycling battery designs.
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Future Market Scenario (FY2025&ndash;FY2032F)
<ul>
<li>The expansion in the automotive industry and growing demand for passenger vehicles and light commercial vehicle production are projected to drive the growth of India automotive lead acid battery market in the forecast period.</li>
<li>Advancements in battery technology and a growing requirement for changing batteries at regular intervals are anticipated to propel the market growth in India for automotive lead acid batteries.</li>
<li>Rising research and development activities through partnerships and collaborations between key participants in the market have resulted in innovation and the launch of new products in the market.</li>
<li>Extending requirements for high-performance batteries owing to an increase in the adoption rate of e-rickshaws will introduce market growth opportunities for market players in India.</li>
</ul>
Report Scope
&ldquo;India Automotive Lead Acid Battery Market Assessment, Opportunities and Forecast, FY2018-FY2032F&rdquo;,&nbsp;is a comprehensive report by Markets and Data, providing in-depth analysis and qualitative and quantitative assessment of the current state of India automotive lead acid battery market, industry dynamics, and challenges. The report includes market size, segmental shares, growth trends, opportunities, and forecast between FY2025 and FY2032. Additionally, the report profiles the leading players in the industry, mentioning their respective market share, business models, competitive intelligence, etc.
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Report Attribute
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Details
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Base Year of the Analysis
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FY2024
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Historical Period
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FY2018-FY2023
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Forecast Period
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FY2025-FY2032
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Projected Growth Rate
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CAGR of 4.72% between FY2025 and FY2032
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Revenue Forecast in FY2031
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USD 2.77 billion
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Segments Covered
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Vehicle Type, Battery Capacity, Sales Channel
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Regions Covered
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North, South, East, West &amp; Central
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Key Companies Profile
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Amara Raja Group, SunGarner Energies Ltd, Exide Industries Ltd, Luminous Power Technologies Pvt Ltd, Okaya Power Private Limited, HBL Power Systems Limited, Su-Kam Power Systems Ltd., Southern Batteries Pvt. Ltd, Lento Industries Pvt. Ltd.
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Customization Scope
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15% free report customization with purchase
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Pricing and Purchase Options
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Avail the customized purchase options to fulfill your precise research needs
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Delivery Format
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PDF and Excel through email (subject to the license purchased)
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In the report,&nbsp;India automotive lead acid battery market&nbsp;has been segmented into the following categories:&nbsp;
<ul>
<li>By Vehicle Type
<ul>
<li>Passenger Car</li>
<li>Three-Wheeler</li>
<li>Two-Wheeler</li>
<li>Light Commercial Vehicle</li>
<li>Medium and Heavy Commercial Vehicle</li>
</ul>
</li>
<li>By Battery Capacity</li>
<li>Up to 20Ah</li>
<li>20-50Ah</li>
<li>Above 50Ah</li>
<li>By Sales Channel
<ul>
<li>Original Equipment Manufacturer</li>
<li>Aftermarket</li>
</ul>
</li>
<li>By Region
<ul>
<li>North</li>
<li>South</li>
<li>East</li>
<li>West &amp; Central</li>
</ul>
</li>
</ul>
Key Players Landscape and Outlook
Companies in India automotive lead acid battery market are investing in different research and development activities to enhance the performance of batteries coupled with reliability and compatibility. Companies have spread their wings across the international market and had the opportunity to serve many of India&rsquo;s popular companies. Key market players are significantly adopting growth strategies, including joint ventures, partnerships, mergers and acquisitions, collaborations, amalgamation, new product launches, and others to expand their market presence and market share.
In August 2023, Amara Raja Energy &amp; Mobility Limited announced an expansion of its lead acid battery business abroad, even as it expands into the manufacturing of green lithium-ion batteries.&nbsp;
Key Players Operating in India Automotive Lead Acid Battery Market are:
<ul>
<li>Amara Raja Energy &amp; Mobility Limited</li>
<li>SunGarner Energies Ltd</li>
<li>Exide Industries Ltd</li>
<li>Luminous Power Technologies Pvt Ltd</li>
<li>Okaya Power Private Limited</li>
<li>HBL Power Systems Limited</li>
<li>Su-Kam Power Systems Ltd.</li>
<li>Southern Batteries Pvt. Ltd</li>
<li>Lento Industries Pvt. Ltd.</li>
</ul>
Markets and Data&rsquo;s reports answer the following questions:
<ul>
<li>What is the current and future market size of the product/service in question globally or specific to different countries?</li>
<li>How are the markets divided into different product/service segments and the market size and growth of each segment?</li>
<li>What is the market potential of different product segments and their investment case?</li>
<li>How are the markets predicted to develop in the future and what factors will drive or inhibit growth?</li>
<li>What is the business environment and regulatory landscape specific to the product/service?</li>
</ul>
If you can't find what you're searching for or have any custom requirements for India automotive lead acid battery market, you may approach our team at&nbsp;<a href="mailto:info@marketsandata.com">info@marketsandata.com</a>

India Automotive Lead Acid Battery Market Assessment, Opportunities and Forecast, 2018-2032F

India automotive lead acid battery market is expected to experience growth due to increasing demand for electric passenger cars, rising preference for sustainable transportation, rapid trend of customization, and stringent government regulations concerning zero carbon emissions.

Table of Contents
<ol>
<li>Project Scope and Definitions</li>
<li>Research Methodology</li>
<li>Executive Summary</li>
<li>Voice of Customer
<ul>
<li>Product and Market Intelligence</li>
<li>Brand Awareness</li>
<li>Factors Considered in Purchase Decisions
<ul>
<li>Features and Other Value-added Service</li>
<li>Battery Compatibility</li>
<li>Efficiency of Solutions</li>
<li>After-sales Support</li>
</ul>
</li>
</ul>
</li>
</ol>
<ol start="5">
<li>India Automotive Lead Acid Battery Market Outlook, FY2018-FY2032F
<ul>
<li>Market Size Analysis &amp; Forecast
<ul>
<li>By Value</li>
<li>By Volume</li>
</ul>
</li>
<li>Market Share Analysis &amp; Forecast
<ul>
<li>By Vehicle Type
<ul>
<li>Passenger Car</li>
<li>Three-Wheeler</li>
<li>Two-Wheeler</li>
<li>Light Commercial Vehicle</li>
<li>Medium and Heavy Commercial Vehicle</li>
</ul>
</li>
<li>By Battery Capacity
<ul>
<li>Up to 20Ah</li>
<li>20-50Ah</li>
<li>Above 50Ah</li>
</ul>
</li>
<li>By Sales Channel
<ul>
<li>Original Equipment Manufacturer</li>
<li>Aftermarket</li>
</ul>
</li>
<li>By Region
<ul>
<li>North</li>
<li>South</li>
<li>East</li>
<li>West and Central</li>
</ul>
</li>
<li>By Company Market Share Analysis (Top 5 Companies and Others &ndash; By Value, FY2024)</li>
</ul>
</li>
<li>Market Map Analysis, FY2024
<ul>
<li>By Vehicle Type</li>
<li>By Battery Capacity</li>
<li>By Sales Channel</li>
<li>By Region</li>
</ul>
</li>
</ul>
</li>
</ol>
<ol start="6">
<li>Demand Supply Analysis</li>
<li>Import and Export Analysis</li>
<li>Value Chain Analysis</li>
<li>Porter&rsquo;s Five Forces Analysis</li>
<li>PESTLE Analysis</li>
<li>Pricing Analysis</li>
<li>Market Dynamics
<ul>
<li>Market Drivers</li>
<li>Market Challenges</li>
</ul>
</li>
<li>Market Trends and Developments</li>
<li>Case Studies</li>
<li>Competitive Landscape
<ul>
<li>Competition Matrix of Top 5 Market Leaders</li>
<li>SWOT Analysis for Top 5 Players</li>
<li>Key Players Landscape for Top 10 Market Players
<ul>
<li>Amara Raja Energy &amp; Mobility Limited
<ul>
<li>Company Details</li>
<li>Key Management Personnel</li>
<li>Products and Services</li>
<li>Financials (As Reported)</li>
<li>Key Market Focus and Geographical Presence</li>
<li>Recent Developments/Collaborations/Partnerships/Mergers and Acquisition</li>
</ul>
</li>
<li>SunGarner Energies Ltd</li>
<li>Exide Industries Ltd</li>
<li>Luminous Power Technologies Pvt Ltd</li>
<li>Okaya Power Private Limited</li>
<li>HBL Power Systems Limited</li>
<li>Su-Kam Power Systems Ltd.</li>
<li>Southern Batteries Pvt. Ltd</li>
<li>Lento Industries Pvt. Ltd.</li>
</ul>
</li>
</ul>
</li>
</ol>
*Companies mentioned above&nbsp;DO NOT&nbsp;hold any order as per market share and can be changed as per information available during research work.
<ol start="16">
<li>Strategic Recommendations</li>
<li>About Us and Disclaimer</li>
</ol>

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