In spite of low automobile sales in the last few months, the auto battery market reported negligible impact as the market is majorly dominated by aftermarket. With electric vehicles gaining traction, major automakers and component manufacturers have rolled out their plans to make lithium-ion batteries in India in the coming years. Expansion of production capacity and launch of new models in 2019 by automakers are expected to drive the sales of auto batteries, says Karan Chechi.
Auto sales analysis
Trends to watch out for