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In a rapidly evolving world towards sustainable and environmentally conscious solutions, the electric vehicle (EV) industry has emerged as a formidable force.
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The Indian EV battery market size is expected to grow from USD 16.77 billion in 2023 to USD 27.70 billion by 2028, at a CAGR of 10.56% between 2023 and 2028. India has huge potential for in manufacturing EV battery packs as the country is heavily dependent on importing 60-65% of the total component requirement.

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