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Lead Acid Battery Market in India 2014 states that the battery market in India is experiencing rising demand from various sectors, thereby providing immense opportunities to manufacturers to grow and operate in the market lucratively.
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Indian market is duopolistic in nature with the top 2 players, Exide Industries Ltd. and Amara Raja Batteries Ltd. Due to the tremendous brand recall experience by these companies, most original equipment manufacturers use batteries manufactured by them. Although a large unorganized market exists at present. The high efficiency with which lead acid batteries can be recycled has resulted in several recyclers entering the battery business.
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Since recycling, if not done with proper care, can result in heavy pollution, the Government of India has also laid down several guidelines. The Batteries (Management and Handling) Rules, 2001 is the law governing battery regulation in India. It was issued by the Ministry of Environment and Forests (MoEF) and provided regulations for the management and handling of lead-acid batteries.
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