LI-ION BATTERIES

About:

• India has quadrupled its imports of lithium-ion (Li-ion) batteries and more than tripled its import bill on the product from 2016-2018.
  
  
• 175 million such batteries were imported in 2016, 313 million in 2017, 712 million in 2018 and 450 million from January 1, 2019, till November 30 of that year.
  
  
• The cost of these imports rose from $383 million in 2016 $929 million (₹6,500 crore) in 2019.
  
  
• Indian manufacturers source Li-ion batteries from China, Japan and South Korea and the country is among the largest importers in the world.