The India lithium market was valued at USD 195.28 Million in 2025. The market is expected to grow at a CAGR of 13.80% during the forecast period of 2026-2035. The market is estimated to attain a valuation of USD 711.35 Million by 2035 mainly driven by the nation's ambitious renewable energy targets that are boosting the demand for lithium batteries.
India aims to achieve 500 gigawatts of non-fossil fuel energy capacity by 2030, necessitating reliable energy storage solutions. Lithium-ion batteries, known for their high energy density and long cycle life, are essential in stabilizing the grid and integrating intermittent renewable sources like solar and wind. This growing demand is driving rapid advancements in domestic lithium sourcing, processing, and battery manufacturing capabilities. Both government policies and private investments are aligning to scale up lithium-based energy storage infrastructure across the country.
The India lithium market is witnessing notable growth owing to the rising importance of energy storage in the nation’s clean energy transition. As India scales up solar and wind capacities, integrating stable and efficient storage solutions has become crucial for maintaining grid reliability. Lithium-ion batteries, with their high energy density and rechargeability, are increasingly preferred for this role.
Ongoing government initiatives that promote integration of battery storage with renewable energy projects are propelling the India lithium market growth. For example, in November 2024, the Central Electricity Authority (CEA) published guidelines encouraging state utilities to adopt grid-scale lithium-ion battery storage to manage peak load and smooth out fluctuations caused by weather-dependent renewable sources.
Moreover, private sector players like Adani Group are investing heavily in large-scale battery energy storage systems, signalling confidence in the long-term growth of the India Lithium Market. In June 2025, Adani New Industries Limited commissioned India's first off-grid 5 MW green hydrogen pilot plant in Kutch, Gujarat. The plant is fully powered by solar energy and integrated with a Battery Energy Storage System, enabling it to operate completely off-grid. Such projects are likely to boost the India lithium market expansion.
Base Year
Historical Period
Forecast Period
Compound Annual Growth Rate
13.8%
Value in USD Million
2026-2035
*this image is indicative*
|
India Lithium Market Report Summary |
Description |
Value |
|
Base Year |
USD Million |
2025 |
|
Historical Period |
USD Million |
2019-2025 |
|
Forecast Period |
USD Million |
2026-2035 |
|
Market Size 2025 |
USD Million |
195.28 |
|
Market Size 2035 |
USD Million |
711.35 |
|
CAGR 2019-2025 |
Percentage |
XX% |
|
CAGR 2026-2035 |
Percentage |
13.80% |
|
CAGR 2026-2035 - Market by Region |
South India |
15.7% |
|
CAGR 2026-2035 - Market by Region |
West India |
14.8% |
|
CAGR 2026-2035 - Market by Application |
Grid Storage |
16.4% |
|
CAGR 2026-2035 - Market by Product Type |
Hydroxide |
14.2% |
|
2025 Market Share by Region |
South India |
32.7% |
The rapidly increasing adoption of electric vehicles driven by supportive government policies and expanding infrastructure is fuelling the India lithium market growth. In 2023, EV sales nearly doubled, and projections for 2024 indicated a further 66 percent increase, highlighting a growing reliance on lithium-ion batteries. Tata Motors, for example, announced that by early 2025, its electric vehicle portfolio would include ten models, accounting for a quarter of its total sales. This surge in EV demand is directly influencing the lithium battery supply chain.
Rising demand for smartphones, laptops, and wearables is significantly boosting lithium consumption in India. By the end of 2023, device shipments had exceeded 144 million units, with further growth observed in 2024 as 5G networks expanded and digital lifestyles became more entrenched. Industry sources suggest that battery consumption from consumer electronics has now surpassed that of the EV segment, boosting the application of lithium-ion cells in the country, thereby enhancing market outlook.
The India lithium market is gaining momentum with the emergence of large-scale battery manufacturing units and gigafactories. Exide Industries initiated the construction of a 6 GWh lithium-ion cell facility near Bengaluru in November 2024, supported by an investment of ₹3,600 crore. The plant, scheduled for commissioning in 2025, will use automation solutions provided by Honeywell and is expected to play a crucial role in reducing dependency on imports by bolstering domestic production capacity.
Proactive policy measures are strengthening the India lithium market ecosystem. The 2025 Union Budget included the removal of import duties on lithium-ion battery components and mobile parts, aimed at encouraging local assembly and innovation. Additionally, in January 2025, the government launched a critical minerals initiative with a budget of ₹1.63 billion to support domestic mining, processing, and recycling. These interventions are strategically aimed at securing long-term lithium supply and positioning India as a competitive player in global battery markets.
The discovery of approximately 5.9 million tonnes of lithium reserves in Jammu and Kashmir in November 2023 drew global attention to India’s mineral potential. Although the first round of mining auctions saw limited interest, the government has announced renewed exploration efforts starting late 2024. These domestic reserves hold the promise of reducing reliance on foreign sources while catalysing the establishment of value-added industries such as refining and recycling within the country, further fuelling lithium demand in India.
The EMR’s report titled “India Lithium Market Report and Forecast 2026-2035” offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Type
Key Insight: Lithium hydroxide leads the market, fuelled by rising demand in high-performance batteries used in premium electric vehicles and advanced electronics because of its superior energy density and thermal stability. On the other hand, lithium carbonates gain robust momentum due to their broad application in standard lithium-ion batteries for electric vehicles and stationary energy storage. The ‘others’ segment, which includes lithium chloride and speciality compounds, currently represents a smaller portion but is expected to expand as emerging industrial and pharmaceutical applications gain traction.
Market Breakup by Application
Key Insight: The automotive category dominates the India lithium market by application, driven by the rapid adoption of electric vehicles and the corresponding demand for lithium-ion batteries. Consumer electronics demonstrate the fastest growth, propelled by increasing use of smartphones, laptops, and wearable devices that require lightweight, high-capacity batteries. Grid storage also plays a vital role, supporting India’s expanding renewable energy capacity by stabilising power supply. Meanwhile, the glass and ceramics segment maintains steady demand for lithium compounds in manufacturing, and the ‘Others’ category includes emerging applications across various industrial uses.
Market Breakup by Region
Key Insight: South India leads the India lithium market by region, supported by strong investments in electric vehicle production and renewable energy projects. North India follows closely, driven by its concentration of lithium extraction sites and industrial hubs focused on battery manufacturing. East India benefits from growing mining activities and emerging manufacturing facilities, while West India plays a strategic role due to its established chemical processing industries and port infrastructure that facilitate lithium import and export. Together, these regions contribute to the balanced growth of the market across India.
|
CAGR 2026-2035 - Market by |
Region |
|
South India |
15.7% |
|
West India |
14.8% |
|
North India |
XX% |
|
East and Central India |
XX% |
By product type, lithium compounds witness the highest demand
Lithium hydroxide dominates the India lithium market, driven by the rising demand for high-performance batteries in premium electric vehicles and advanced electronics. Its superior energy density and thermal stability make it ideal for next-generation lithium-ion batteries, which require longer life and better efficiency. The growing shift toward lithium hydroxide reflects evolving industry standards and technological advancements. For example, in August 2023, Reliance New Energy Solar signed an MoU with a European lithium hydroxide supplier to establish domestic processing facilities, supporting India’s green energy goals and reducing import dependence.
Meanwhile, lithium carbonates demonstrate the fastest growth in the India lithium market, due to their widespread use in standard lithium-ion batteries, which power most electric vehicles and consumer electronics. Their compatibility with proven battery chemistries and cost-efficiency make them ideal for large-scale applications, especially in India's expanding EV ecosystem. As demand surged, companies have taken steps to strengthen local supply. For instance, in April 2024, Tata Chemicals expanded its lithium carbonate production capacity to meet growing domestic needs and reduce the country’s reliance on imports, reinforcing its strategic role in India’s clean energy transition.
By application, grid storage dominates the market
Grid storage applications account for the largest share of India’s lithium market, driven by the country’s accelerating adoption of renewable energy sources like solar and wind. These sources are inherently intermittent, making energy storage critical for maintaining grid reliability and efficiency. Lithium-ion batteries, with their high energy density and rapid charge-discharge capabilities, are well-suited for this role. As India expands its renewable energy capacity to meet ambitious climate targets, the demand for lithium-based grid storage solutions is expected to grow significantly.
On the other hand, the consumer electronics segment is the fastest-growing part of the India lithium market due to surging demand for smartphones, laptops, and wearable devices. India’s smartphone shipments crossed 160 million units in 2023, driving massive battery requirements. To meet this demand, in November 2023, Samsung India partnered with Amara Raja Batteries to locally manufacture lithium-ion batteries for consumer devices, leveraging government PLI incentives. This collaboration exemplifies the growing focus on building a domestic supply chain to keep pace with expanding electronics consumption and the 5G rollout.
Regionally, South India leads the market growth
South India is the fastest-growing region in the market, driven by substantial investments in electric vehicle manufacturing and battery production. In June 2024, Exide Industries broke ground on a ₹3,700 crore lithium-ion gigafactory near Bengaluru, slated for completion by 2026. This plant is set to become a major supplier for EV batteries across India. Additionally, the Telangana government announced in early 2025 a partnership with international battery makers to establish research and manufacturing clusters, accelerating the region’s lithium market growth.
The West India lithium market is witnessing the fastest growth due to the region’s expanding industrial base and robust investment in EV and battery manufacturing. States like Maharashtra and Gujarat offer favourable policies, industrial corridors, and port connectivity, making them attractive for lithium-based production. A notable example is Neuron Energy’s 1.5 GWh lithium-ion battery facility, inaugurated in Chakan, Pune, in January 2025, aimed at catering to EVs, grid storage, and telecom sectors. Such developments are significantly strengthening the lithium supply chain and regional consumption patterns.
Prominent enterprises operating in the India lithium market are aggressively expanding domestic lithium-ion battery manufacturing to reduce import dependence. Major lithium companies like Exide Industries and Tata Chemicals are investing in gigafactories and advanced battery R&D. These efforts align with government initiatives such as Make in India and Atmanirbhar Bharat, aiming to localise supply chains and build resilient ecosystems. Automation partnerships and strategic collaborations further enhance production efficiency and scalability, positioning India as a competitive hub for lithium battery production.
Strategic partnerships and policy support are crucial drivers in the India lithium market growth. Firms like Adani and Reliance are investing in integrated battery manufacturing and energy storage projects, often collaborating with international technology providers to access cutting-edge innovations. Concurrently, government incentives are lowering costs and attracting investments. Together, these combined strategies foster a sustainable growth environment, supporting India’s transition to clean energy and electric mobility goals.
Founded in 1958 and headquartered in Hyderabad, NMDC Ltd. is India’s largest iron ore producer and a key public-sector mining company. Operated under the Ministry of Steel, it also explores minerals like copper, diamond, and graphite. The company is now diversifying into critical minerals such as lithium to support India’s clean energy goals.
NALCO is a Navratna PSU and a global name in aluminium production headquartered in Bhubaneswar and established in 1981. Its strength lies in integrated operations, from bauxite mining to aluminium smelting. As the green energy wave gathers momentum, NALCO is actively stepping into the lithium value chain and renewable projects.
Hindustan Copper Ltd. was incorporated in 1967 and is headquartered in Kolkata. It is the only vertically integrated copper producer in India, managing the full process from mining to refining. The company also produces valuable by-products and plays a vital role in supporting the country's non-ferrous metal industry.
Vardhaan Lithium (I) Pvt. Ltd. is a recent entrant, established in 2024 and headquartered in Mumbai. The company is developing a large-scale lithium refinery and battery manufacturing facility in Nagpur. It aims to strengthen India’s domestic lithium supply chain and reduce dependence on imports in the electric mobility sector.
*Please note that this is only a partial list; the complete list of key players is available in the full report. Additionally, the list of key players can be customized to better suit your needs.*
Other prominent firms in the India lithium market include Mineral Exploration Corporation Ltd.
Explore the latest trends shaping the India lithium market 2026-2035 with our in-depth report. Gain strategic insights, future forecasts, and key market developments that can help you stay competitive. Download a free sample report or contact our team for customized consultation on India lithium market trends 2026.
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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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In 2025, the INDIA LITHIUM market reached an approximate value of USD 195.28 Million.
The market is projected to grow at a CAGR of 13.80% between 2026 and 2035.
The key players in the market include NMDC Ltd., Hindustan Copper Ltd., Vardhaan Lithium, National Aluminium Company Limited (NALCO), Mineral Exploration Corporation Ltd.
Key strategies driving the market include expanding domestic manufacturing, forming global partnerships, government incentives like import duty exemptions, investing in lithium exploration, and promoting recycling.
The largest region in the India lithium market is North India, driven by its rich lithium reserves, especially the significant deposits discovered in Jammu and Kashmir, and its established industrial and mining infrastructure.
Explore our key highlights of the report and gain a concise overview of key findings, trends, and actionable insights that will empower your strategic decisions.
| REPORT FEATURES | DETAILS |
| Base Year | 2025 |
| Historical Period | 2019-2025 |
| Forecast Period | 2026-2035 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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