India has failed to build an ecosystem of batter cells. Can a new PLI change this?

Battery cell imports surge as India fails to build a component ecosystem. Can the new PLI change this?

More Indians are opting for electric cars and scooters, turning what were once niche products into an increasingly familiar sight on the roads. The trend picked up further after the West Asia war led to a rise in fuel prices. Electric vehicles now account for 8% of new car sales and 11% of new two-wheeler sales.