Lithium-ion battery market at your city
Opportunities for the lithium-ion battery business in and around Asansol include electric vehicle (EV) battery solutions, renewable energy storage systems, and battery servicing and recycling, driven by rising demand for EVs and sustainable energy.
As the demand for EVs in India rises, there is a growing market for selling EV batteries and setting up charging infrastructure. You can provide repair, maintenance, and recharge services for EV batteries, a growing need as more EVs are deployed.
Lithium-ion battery and public charging station business opportunities in Chennai
Significant business opportunities exist in Chennai for both lithium-ion battery solutions and public charging stations, driven by supportive government policies, a strong manufacturing base, and increasing electric vehicle (EV) adoption.
Chennai is a major automotive hub, making it a strategic location for establishing battery manufacturing or assembly units.
Government incentives: The Tamil Nadu EV Policy (revised 2023) offers strong incentives for manufacturers, including capital subsidies (up to 15% on eligible investments), 100% electricity tax exemption until the end of 2025, and full SGST reimbursement until 2030.
Support for MSMEs: Micro, Small, and Medium Enterprises (MSMEs) focused on battery manufacturing can receive an additional 20% capital subsidy on top of the standard incentive.