India - Technology licensing and collaboration for battery management system (BMS)
This is a business opportunity from an overseas buyer. Pitch for the business and explain how your company meets their requirements.
Details
- Opportunity closing date
- 01 July 2024
- Opportunity publication date
- 16 April 2024
- Opportunity type
-
Private Sector
- Industry
- Automotive
- Enquiries received
- 0
- Value of contract
- more than £50m
- Your guide to exporting
Description
Projections for the EV battery market in India indicates robust growth, driven by increasing demand for electric vehicles, government incentives, and the establishment of charging infrastructure.
The Indian EV battery market is projected to grow from $13.25 billion in 2023 to $22 billion by 2028 growing at a 5-year CAGR of 10.56%. The Indian EV market which was valued at $3.21 billion in 2022 is expected to grow to $113.99 billion by 2029 at a compound annual growth rate of 66.52%.
This Indian company is looking collabrate with a UK-based battery management system (BMS) company to initially import the devices and later licence the technology to manufacture in India through a partnership model.
The company wants to speak only to UK-based BMS manufacturing companies or research institutions and will not engage with any third-party consultants or agents.
- Opportunity closing date
- 01 July 2024
- Value of contract
- more than £50m
- The buyer is happy to talk to
- manufacturers
Express your interest
Express your interest to the Department for Business and Trade team in India.
All submissions will be reviewed and you will be notified of any potential next steps. You can only express your interest if you are a UK registered company.
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