What is lead acid battery market in India?

In India Lead Acid Battery market, passenger vehicle battery has led the overall market revenues accounting for more than 30% of the market revenues in 2020.

Who are the major companies in India lead-acid battery market?

Exide Industries Ltd, Amara Raja Batteries Ltd, HBL Power Systems Ltd, Jayachandran Industries (P) Ltd and Luminous Power Technologies Pvt. Ltd are the major companies operating in the India Lead-Acid Battery Market. What years does this India Lead-Acid Battery Market cover?

What is India lead-acid battery size report?

India Lead-acid Battery size report includes a market forecast to 2028 and historical overview. Get a sample of this industry size analysis as a free report PDF download. Need a report that reflects how COVID-19 has impacted this market and its growth?

What are the main drivers for lead acid battery in India?

The main drivers for lead acid battery in India are rising urbanization and increased focus on EVs by the government.   Although, the Covid-19 outbreak resulted in a significant decline in the lead acid market on the back of the falling commercial sector in India during 2020 and the decline in automobile production.

Is lead-acid battery a good choice for SLI batteries in India?

Moreover, lead-acid battery is the technology of choice for all SLI battery applications in conventional combustion engine vehicles, such as cars and trucks in India. Over the past few years, India has witnessed tremendous growth in per capita income. This, in turn, improved the level of disposable income.

What is a lead-acid battery?

The lead-acid battery is a rechargeable battery that consists of two electrodes submerged in an electrolyte of sulfuric acid. The positive electrode is made of grains of metallic lead oxide, while the negative electrode is attached to a grid of metallic lead. The India lead-acid battery market is segmented by application.