Lithium discovery: What does the Indian EV Industry say?
India's Ministry of Mines last week announced the largest discovery of Lithium reserves in the country so far, around 5.9 million tonnes, in Jammu and Kashmir’s Reasi district. Lithium is the key component in manufacturing batteries for electric vehicles...…
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India eyes more lithium deposits in J&K, identifies 30 critical minerals
India is hopeful of finding more lithium reserves in the Union Territory of Jammu and Kashmir and continues exploration in the region. According to officials, exploration for additional lithium sources is already going on in the Salal Hamima region of the Resai district of Jammu...…
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Lithium battery demand to reach 250-500 GWh in India by FY33
EV penetration in India is going to reach 50% by the financial year 2032-33. Provided with constant financial support from the government. Battery demand of 250GW could be achieved with incentives of INR 1.8 tn over FY24-28 and an initial capex of USD 30-33 bn. This is stated in the report on ‘EV Batteries: Battle to control EV supply chain’ by Axis Capital.".…
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