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India Automotive Lead Acid Battery Market Outlook, 2027-28

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    Report

  • 21 Pages
  • November 2022
  • Region: India
  • Bonafide Research
  • ID: 4593549
OFF until Dec 24th 2022
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India Automotive Lead Acid Battery Market Outlook, 2027-28' gives a comprehensive analysis on the automotive lead acid battery industry of India. The market has observed a consistency in last five years and is expected to continue growing in next few years. Automotive manufacture comprises the production of two wheelers, three wheelers, commercial and passenger vehicles, truck, tractor, etc.The major causes for the growth are disposable income is increasing, India has the most number of young population in the world, increase in tourism industry, demonetization, GST, etc.

India Automotive Lead Acid Battery market has grown with a CAGR of more than 10% in the review period of FY 2022-23 to FY 2027-28. The period has witnessed the growth of replacement lead acid battery market and the consumers will be shifting from unorganized players to organized player for replacement battery market. The major reason for so is the high economic development of India which has resulted in higher purchasing power to Indian consumer, organized player like Exide is coming up with low price product to give competition to unorganized products. The replacement lead acid battery market is dominating the lead acid battery market with more than 70% market share. The duology of Exide Industries Limited and Amara Raja Batteries Limited, together share market share of more than 50% of total automotive lead acid battery market.

Automotive industry expansion, growing research and technological advancement in the electrical vehicles further aid the growth of the India battery market in the upcoming five years. India has one of the largest automobile markets in the world. Rising population of the country and growing demands for the ownership of the vehicles is also expected to add the growth of the India battery market.

Lead acid batteries are predominantly used as a SLI battery in automobiles. The growing automotive production and sales and increasing vehicle parc are directly impacting the market. Lead acid batteries are economical as compared to other batteries and provide optimal solution to end users.

The automotive lead acid battery market had faced various challenges from concerns pertaining to gassing of the battery leads to safety problems and water loss from electrolyte. Manufacturers have either upgraded or are in process of upgrading their products to enhance the efficiency of lead acid batteries. This will not only help mitigating key concerns among consumers but will also offer improved corrosion-resistance, and extended battery life. Some of the leading manufacturers have already launched corrosion-free lead acid batteries and several others are likely to follow suit to keep pace with the dynamic market environment.

India automotive lead acid battery market witnessed significant growth in recent years owing to its cost-effectiveness and high recyclability. The main drivers for lead acid battery in India are raising urbanization and increased focus on EVs by the government. Although, Covid-19 outbreak resulted in a significant decline in lead acid market on the back of the falling commercial sector in India during 2020 and the decline in automobile production..

Growing advancement in technology coupled with the strengthening of the telecommunication sector is adding to the Lead Acid Battery Industry in India. Moreover, the growing energy generation and rising demand for its storage are also the key factors fostering the growth of the market.

Covered in the report:

  • Automotive lead acid battery
  • Two wheeler
  • Three wheeler
  • Commercial vehicle
  • Motive Power
How it will help solving your strategic decision-making process??

The reports give an in-depth understanding of the automotive lead acid battery market in India and consist of:

  • India Lead Acid Battery Market By value.
  • India Automotive Lead Acid Battery Market By Value.
  • India Automotive Lead Acid Battery Market By Volume.
  • India Automotive Lead Acid Battery Market Share By Type.
  • India Automotive Lead Acid Battery Market Share By Industry.
  • India Automotive Lead Acid Battery Market Share By Company.
  • India Two Wheeler OEM & Replacement Battery Market By Value & Volume.
  • India Three Wheeler OEM & Replacement Battery Market By Value & Volume.
  • India Tractor OEM& Replacement Battery Market By Value & Volume.
  • India Passenger Vehicle OEM & replacement Battery Market By Value & Volume
  • India Commercial OEM & replacement Battery Market By value & Volume
This report can be useful to Industry consultants, manufacturers and other stakeholders to align their market-centric strategies. In addition to marketing & presentations, it will also increase competitive knowledge about the industry.

Report Methodology

The information contained in this report is based upon both primary and secondary research. Primary research included interviews with various channel partners of automotive lead acid battery products in India. Secondary research included an exhaustive search of relevant publications like company annual reports, financial reports and proprietary databases.

Table of Contents

1. Executive Summary
2. Market Structure
2.1. Market Considerate
2.2. Assumptions
2.3. Limitations
2.4. Abbreviations
2.5. Sources
2.6. Definitions
2.7. India Macro Economic Indicators
2.8. Demographics Insight
3. Research Methodology
3.1. Secondary Research
3.2. Primary Data Collection
3.3. Market Formation & Validation
3.4. Report Writing, Quality Check & Delivery
4. India Lead Acid Market Outlook
4.1. Market Size By Value
4.2. Market Share
4.2.1. By Type
4.2.2. By Segment
5. India Automotive Lead Acid Battery Market Outlook
5.1. Market Size
5.1.1. By Value
5.1.2. By Volume
5.2. Market Share
5.2.1. By Type
5.2.2. By Industry
5.2.3. By Company
6. India Automotive OEM Battery Market Outlook
6.1. Market Size
6.1.1. By Value
6.1.2. By Volume
6.1.3. Market Share By Industry
7. India Automotive Replacement Battery Market Outlook
7.1. Market Size
7.1.1. By Value
7.1.2. By Volume
7.1.3. Market Share By Industry
8. Two Wheeler OEM and Replacement Battery Market Outlook
8.1. Market Size
8.1.1. By Value
8.1.2. By Volume
9. Three Wheeler OEM and Replacement Battery Market Outlook
9.1. Market Size
9.1.1. By Value
9.1.2. By Volume
10. Passenger Vehicle OEM and Replacement Battery Market Outlook
10.1. Market Size
10.1.1. By Value
10.1.2. By Volume
11. Commercial Vehicle OEM and Replacement Battery Market Outlook
11.1. Market Size
11.1.1. By Value
11.1.2. By Volume
12. Tractor OEM and Replacement Battery Market Outlook
12.1. Market Size
12.1.1. By Value
12.1.2. By Volume
13. E-rickshaw OEM and Replacement Battery Market Outlook
13.1. Market Size
13.1.1. By Value
13.1.2. By Volume
14. Motive OEM and Replacement Battery Market Outlook
14.1. Market Size
14.1.1. By Value
14.1.2. By Volume
15. Other OEM and Replacement Battery Market Outlook
15.1. Market Size
15.1.1. By Value
15.1.2. By Volume
16. Product Price & Variant Analysis17. PEST analysis
18. Trade Dynamics
18.1. Import
18.2. Export
19. Market Dynamics
19.1. Drivers
19.2. Challenges
20. Market Trends & Developments
20.1. Electrical Batteries for Renewable Energy
20.2. Increasing Focus On Electric Vehicles
20.3. Increasing Automotive sector
20.4. Performance Enhanced Through Technological Advancements
21. Competitive Landscape
21.1. Porter`s Five Forces
21.2. Company Profiles
21.2.1. Exide Industries Limited
21.2.1.1. Company Snapshot
21.2.1.2. Company Overview
21.2.1.3. Financial Highlights
21.2.1.4. Geographic Spread and Distribution network
21.2.1.5. Business Segment & Performance
21.2.1.6. Product Portfolio
21.2.1.7. Key Executives
21.2.1.8. Strategic Moves & Developments
21.2.2. Amara Raja Batteries Limited
21.2.3. Luminous Power Technologies Limited
21.2.4. HBL Power System Limited
21.2.5. Su-kam Power Systems Limited
21.2.6. Okaya Power Private Limited
21.2.7. TATA Autocomp EY Batteries Private Limited
21.2.8. Base Corporation Limited
21.2.9. Southern Batteries Private Limited
21.2.10. Artheon Electronics Private Limited Company Snapshot
22. Strategic Recommendation’s23. Disclaimer
List of Figures
Figure 1: India Population 2017-2021( In Crore)
Figure 2: India Population Age Structure (EST. 2019)
Figure 3: India Urban VS Rural (Crore)
Figure 4: India Lead Acid Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 5: India Lead Acid Market Share By Value, By Type , (2016-17, 2021-22 & 2027-28F)
Figure 6: India Automotive Lead Acid Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 7: India Automotive Lead Acid Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 8: India Automotive Lead Acid Battery Market Share By Value, By Type , (2016-17, 2021-22 & 2027-28F)
Figure 9: India Automotive OEM Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 10: India Automotive OEM Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 11: India Automotive Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 12: India Automotive Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 13: India Two Wheeler OEM and Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 14: India Two Wheeler OEM and Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 15: Three Wheeler OEM and Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 16: Three Wheeler OEM and Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 17: Passenger Vehicle OEM and Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 18: Passenger Vehicle OEM and Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 19: Commercial Vehicle OEM and Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 20: Commercial Vehicle OEM and Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 21: Tractor OEM and Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 22: Tractor OEM and Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 23: E-rickshaw OEM and Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 24: E-rickshaw OEM and Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 25: Motive OEM and Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 26: Motive OEM and Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 27: Other OEM and Replacement Battery Market Size By Value 2016-17 to 2027-28F (in INR Crore)
Figure 28: Other OEM and Replacement Battery Market Size By Volume 2016-17 to 2027-28F (in Billion Liters)
Figure 29: Porter's Five Forces of India Automotive Lead Acid Battery Market
List of Table
Table 1: India Tier-wise Classification Of Cities
Table 2: India Region-wise Classification Of Cities
Table 3: India Lead Acid market Share By Segment (2016-17, 2021-22 & 2027-28F)
Table 4: India Automotive Lead Acid Battery market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 5: India Frozen Food market Share By Company (2016-17, 2021-22 & 2027-28F)
Table 6: India Automotive OEM Acid Battery market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 7: India Automotive Replacement Battery market Share By Product Type (2016-17, 2021-22 & 2027-28F)
Table 8: HS Code for Automotive Lead Acid Battery Market in India 2021
Table 9: Import Duty Structure for HS Code XXXX in India 2021
Table 10: Import of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table 11: Import of HS Code XXXX in India - By Country By Value &Volume Share 2021-22
Table 12: Export of HS Code XXXX in India - Value & Volume 2016-17 to 2021-22
Table 13: Export of HS Code XXXX in India - By Country By Value &Volume Share 2021-22

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Executive Summary

Cost barrier for the Lithium Ion Battery is an advantage for lead acid battery in automotive industry.

The Government of India has plans to make a major shift to electric vehicles by 2030. Even if India is able to achieve 50-70%, India will be one of the largest adopters of electric mobility. Lead acid battery is the best available option for electric vehicles.

Electric Vehicles uses a battery to store the electric energy that powers the vehicle. Electric Vehicle (EV) is sometimes referred to as Battery Electric Vehicle (BEV).EV batteries are charged by plugging the vehicle in to an electric power source. Electric Vehicles are typically more expensive than similar conventional vehicles, however some cost can be recovered through fuel savings. Rechargeable batteries used in electric vehicles include lead–acid, NiCd, nickel–metal hydride, lithium-ion, Li-ion polymer, and, less commonly, zinc–air and molten-salt batteries.Most electric vehicles have used lead-acid batteries due to their mature technology, high availability, and low cost.For now, our safest bet is to use the tried-and-true lead acid battery for Electric Vehicle. The initial cost is still a significant savings over lithium-ion batteries. If lead-acid batteries are maintained properly, they will function at 80–90% efficiency.

According to the report 'India Automotive Lead Acid Battery Market Outlook, 2023', India overall automotive lead acid battery market has grown with more than 10% CAGR over reviewing period from year 2012-13 to 2017-18. India automotive lead acid battery market is leading by two wheeler battery market, followed by four-wheelers and commercial battery market. As per the Society of India Automobile Manufacturers, the domestic sales of two wheelers in the country stood at more than 20 million units, which are expected to grow at a rapid pace over the next 5 years. India has witnessed a tremendous growth in per capita income thereby resulting in more disposable income in the hands of its citizens. As a result, there has been a sharp increase in the sales of automobiles, particularly of the two wheelers. India has the most number of young people in the world.This is expected to spur the growth of two wheeler lead acid batteries in the forecast period.The automobile industry employs about 19 mn people directly and indirectly. India is the 8 largest commercial vehicle manufacturers in the world. While it is the 2nd largest bus manufacturer, it ranks 5th globally in manufacturing heavy trucks.Growing inclination towards pollution-free electric vehicles coupled with technological developments is expected to increase product demand over the upcoming years.

The two wheeler and four wheeler battery market is anticipated to contribute more than 65% market share of total automotive lead acid battery market by year 2022-23. The major brands which offer lead acid battery in India are Exide and Amaron, which are jointly cater more than 50% of the lead acid battery market.

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Exide Industries Limited
  • Amaraja Batteries Limited
  • Luminous Power Technologies Limited 
  • HBL Power System Limited
  • Su-kam Power Systems Limited
  • Okaya Power Private Limited
  • TATA Autocomp EY Batteries Private Limited
  • Base Corporation Limited 
  • Southern Batteries Private Limited
  • Artheon Electronics Private Limited