McKinsey India's Rajat Dhawan: India’s Electric Mobility and Battery Demand to Grow 20x in 15 Years

At the Business Today India@100 Summit, Rajat Dhawan, Managing Partner at McKinsey India, explains electric mobility as a prime example of India’s sunrise sectors, highlighting its vast potential across two-wheelers, three-wheelers, and electric cars. India’s large domestic market positions it as a natural export hub in these segments. He emphasizes that battery demand in India is expected to grow twentyfold in the next 15 years, sparking significant investments and technology advancements. The electric mobility sector also links closely with battery recycling and renewable energy storage, especially with India targeting 500 GW renewable capacity. This interconnected ecosystem illustrates broad multi-industry growth opportunities.