1 min read.Updated: 04 May 2022, 04:00 PM ISTLivemint
JPMorgan prefers market leader Exide Industries to Amara Raja Batteries for its early start in EV battery manufacturing
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The Indian EV battery industry is set to take off as penetration levels in electric vehicles (EVs) continue to surge. JPMorgan expects India’s auto segment to see a transformational shift this decade, with fresh investments of at least $8-10bn in Lithium ion cell manufacturing.