Ratings agency CareEdge in its latest report has said that with India having limited resources of lithium, cobalt, nickel and other critical minerals, domestic players need to secure long-term supply from countries having sizable reserves and focus on battery reuse and recycling. It said this would provide environmental benefits and reduce price and supply risk associated with imports of these minerals. India has set an ambitious target to meet 50 per cent of its primary energy requirement from renewable energy sources by 2030 (as a percentage of annual sales).
To achieve this, the report said India needs significant penetration of electric vehicles (EVs) as well as grid level energy storage capacity and this envisaged transition would significantly increase India's need for advanced chemistry batteries, particularly lithium-ion (Li-ion) batteries, due to the limitations of traditional batteries like lead-acid and nickel-metal hydride batteries. The demand for lithium-ion battery storage in India is expected to grow significantly, driven predominantly by migration towards EVs and renewable energy storage requirements. Consequently, India's dependence on imports is expected to decline sharply to around 20 per cent by FY27 from near-full dependence presently, due to giga-size integrated battery capacities coming onstream in India.
The report further said the relative cost-competitiveness of Indian manufacturers, in the context of capacity addition and pricing policy of large global integrated players, especially Chinese manufacturers, will be a key factor to monitor. India, in the previous fiscal, had a demand for around 15 GWh of Li-ion battery storage, largely from EVs and consumer electronics, which is expected to reach around 54 GWh by FY27 and around 127 GWh by FY30. It added that the demand is currently being met mostly through imports. However, it expects India's import dependency to decline to around 20 per cent by FY27, despite significant growth in demand due to large scale integrated capacities being built for Li-ion battery storage.
MoneyWorks4Me rating and ranking of funds for SIP is available to subscribers only. Moneyworks4Me is not a rating and ranking agency, however it is required that users have a way of selecting funds and building a Portfolio. The method used by it are described below to enable users to understand the logic behind the rating and ranking Subscriber will find more details on this in the various content made available from time to time. In case you need more please write to besafe@moneyworks4Me.com
MoneyWorks4Me rates and ranks mutual funds based on the following data-driven system:
Funds ranking in screeners: Performance Consistency and Quality are two parameters used for ranking funds for SIP. The ranking as follows GG, GO, GR, OG, OO, OR, RG, RO and RR.
With the same color-coded funds, the one with the higher Average 3-year rolling returns (over 5 to 10 years), the number that appears in the Performance tag, ranks higher.
Here is the summary:
The third tag Upside Potential is not relevant for SIP. It is relevant for lumpsum investments in Mutual Funds.
Make an informed decision for Stocks
Invest using an intelligent system with powerful data-driven tools that help you identify opportunities and make informed buy-hold-sell decisions
Buy quality Stocks when they are available at reasonable prices and supported by an upward price trend and Sell when they are Overvalued using the Decizen Rating System. Covers 3500+ stocks
Claim your FREE 15-day access to the most practical investing handbook.
Hurry, limited to the first 10 users today!
FREE Become a savvy and confident
stock investor.
Hurry, limited to the first 10 users today!
Download APP
