India is on track to become the largest EV market by 2030 says Julian Thomas, Senior Project Director – Renewable Energy & Battery Portfolio, Informa Markets India Private Limited in an Interview with EV Mechanica
1. The industry is excited about The Battery Show India (TBSI) scheduled for October 2024. What can we expect in the upcoming edition of TBSI?
The EV industry in India is growing rapidly, and the battery is the heart of any electric vehicle. The Battery Show India which is scheduled from 3rd to 5th October 2024 at India Expo Centre, Greater Noida to showcase more than 250 +suppliers representing the entire battery supply chain. This is the only trade fair where you can connect with over 15,000 attendees in 3 days.
Informa India team is very excited to host the 2nd edition of The Battery Show India along with the world famous Renewable Energy Event “ 17th Renewable Energy India Expo 2024”. This combo of Renewable Energy & Battery Technology is able to gain full support from the industry. Together hosting 1000+ brands & expected to attract 60000 + Business visitors. World leading brands like Siemens, Total Energies, Lead, Saint-Gobain, Parker Lord, Durr, Dow, Trina, Vision Mechatronics and many more top brands are exhibiting at the expo. Show website: https://www.thebatteryshowindia.com/
2. Could you shed some light on the battery market in India?
India is on track to become the largest EV market by 2030. With greater emphasis on providing affordable & environment friendly public transportation options for the masses, Local EV battery cell manufacturing capabilities are still nascent, India has historically relied on importing cells from China, South Korea and Japan. This will likely change as India aims to become more self-sufficient to satisfy demand. S&P Global Mobility predicts that by 2030, 13% of total EV battery cell demand will be sourced domestically, with the rest still outsourced from other countries.
3. According to you, how can India achieve indigenous battery technology development and reduce its dependency on imports?
Informa Group hosts the largest battery event in North America & Europe that brings together the battery and EV tech communities, with a comprehensive conference delivered by industry leaders, combining industry and technical content focusing on real world commercial solutions.
The Battery show India objective is to support the industry to achieve Indigenous manufacture at a faster pace by welcoming all the global suppliers to India as participants. Team is making all the efforts to promote India’s opportunities in various international forums, partnering with knowledge partners like Bloomberg, Yole Group, Wood Mackenzie, PV Magazine, CEEW, JMK, NHforEV, F&S to address market demand. All these efforts expected to reduce the gap between Buyers & Sellers.
4. The current Indian government has set a target of achieving 30 percent electric vehicle penetration by 2030. What are your views on the EV industry? What would be the contribution of events like The Battery Show India (TBSI)?
The Government of India has set ambitious targets to achieve 30% electric vehicle (EV) penetration by 2030, with a focus on expanding the EV ecosystem, including charging infrastructure, battery manufacturing, and policy support. Key initiatives include the Faster Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME) scheme, tax incentives, and efforts to boost domestic production of EV components.
International exhibitions like The Battery Show India are expected to create bilateral trade opportunities, Technology Transfer, Investment in India for setting up manufacturing facilities by global players, Create supply chain to address market demand.
5. What are your views on the recent announcement of the Critical Mineral Mission in the Budget 2024? What would be its impact on battery manufacturing and the associated supply chain?
Government of India is taking all the right steps to reduce dependency on imports. Likewise, The Battery show India will also focus on addressing the Domestic Production, Recycling of Minerals & Invite leading Global mineral suppliers & Mineral rich Countries to the event. Informa is taking all the efforts to support the domestic production by bringing the best of equipment suppliers, Mineral suppliers & Technology suppliers to India. Many of our exhibitors secured large deals last edition with ACC companies & OEM’s.
The show team is in connection with various International mineral associations to explore opportunities for bilateral trade between countries. The Battery show India will align with the interests of the country’s mission and support in all possible ways to achieve the desired results.
6. Going ahead, what are your plans for growing and expanding The Battery Show India (TBSI) Battery Show?
Informa being the largest Renewable Energy show organiser in India “REI Expo”, we witness high demand for Battery Storage Solutions. Our focus is to increase success rate for our customers offering advanced battery storage solutions to gain benefit from Renewable Energy & E-Mobility Industry. International market has started looking at India as an opportunity in the Battery segment, and the battery show is expected to grow multi fold by size & quality and diversify to showcase all the latest chemistry in storage, Battery Storage Solutions & Mobility Solutions and more.
