The market is dominated by domestic suppliers, as imports account for 45.7% of total market size in 2022. B2B drives market demand, with B2B spending representing 65.9% of total demand in 2022. India has the fourth largest market size for accumulators, primary cells and primary batteries regionally, with demand reaching USD7.9 billion in 2022. Exide Industries Ltd is the largest company in India, generating 40.9% of the industry’s total production value in 2022. The industry is concentrated, with the top five companies generating 78.1% of total production value in 2022. The total number of companies increases in 2022, to 25,530 units. The costs of the industry increase by 4.7% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 6.9% of production value in 2022, the 17th highest regionally. The industry’s exports share increases in 2022 to 17.2% of total production output. With production value of USD4.0 billion, India accounts for 1.4% of the Asia Pacific total in 2022.
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This Euromonitor industrial report provides unique information on Accumulators, Primary Cells and Primary Batteries in India: ISIC 314. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Accumulators, Primary Cells and Primary Batteries in India: ISIC 314 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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