India Lead Acid Battery Market Competitive Analysis
According to “ India Lead Acid Battery Market By Type, By Application, Competition Forecast & Opportunities, 2013 – 2023” lead-acid battery market is projected to reach $ 7.6 billion by 2023. Anticipated growth in the market can be attributed to booming demand for automobiles, in addition to increasing focus of the government towards boosting the penetration of electric vehicles in the country. Moreover, development of smart grids, continuing technological developments, increasing budget allocation for housing projects and government initiatives aimed at shifting the focus from conventional sources to renewables in India is further expected to positively influence the country’s lead-acid battery market in the coming years. Few of the major players operating in India lead-acid battery market are · Exide Industries Limited · Amara Raja Batteries Limited · ...