SEPTEMBER 20238TOP STORYTOP STORYINDIA'S ACC BATTERY MARKET DEMAND IS EXPECTED TO REACH 220 GWH BY 2030INDIA'S SAHASRA SEMICONDUCTOR TO BEGIN CHIPS PRODUCTION FROM SEPTEMBERThe market demand for advanced chemistry cell (ACC) batteries in India is anticipated to increase at a CAGR of 50 percent from 20 GWh in 2022 to over 220 GWh by 2030. A sizable percentage of the whole value chain, from material processing to pack assembly and integration, is anticipated to be localised in India in order to support the booming domestic battery manufacturing industry and a strong local supply chain."The battery that powers the car's motor plays a big role in EVs. For the development of more effective EVs, advancements in battery technology are essential, according to Vipin Sondhi, chairman of the CII National Committee on Future Mobility and a former CEO and MD of JCB and Ashok Leyland. In order to challenge China's dominance in the field, Sondhi continued, "It is imperative for India to not only strengthen the national battery raw materials and manufacturing set-up but also to become a globally reputable supplier of high-quality, innovative battery materials."The expansion of local mining is necessary because the nation's reserves, production capacity, and refining capacity for a number of primary minerals, including cobalt, nickel, and copper, are extremely low. Additionally, they are urged to reduce the customs charge on essential minerals used in battery production and to encourage the construction of mineral processing facilities to extract necessary materials. The first commercial production of Made in India memory chips will start in late September or early October, according to Varun Manwani, the chief executive officer of Sahasra Semiconductor, situated in Rajasthan. This indicates that Sahasra will manufacture chips in India before than Micron. In the Bhiwadi district, the business has established its semiconductor assembly, test, and packaging facility from which it will initially package basic memory items like MicroSD cards, chip-on-board, etc. before progressing to more complex packaging of products like internal memory chips.Sahasra Semiconductor is eligible for a 25% financial incentive on capital expenditures under the Scheme for Promotion of Manufacturing of Electronic Components and Semiconductors (SPECS). Sahasra is more of an Outsourced Semiconductor Assembly and Test (OSAT) company, which means they build and package chips for other brands as opposed to Micron, which makes its own chips."We will launch chip manufacture as the first Indian semiconductor company. The company receives orders from small and medium sized businesses to create chips for them, and is also exploring export potential, Manwani said. "We actually completed some trial production in March, and the commercial production will start somewhere in September and early October.
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