India’s reliance on Chinese lithium-ion batteries has hit a staggering 79 percent as of late 2025, with total imports climbing to $3.3 billion. Beijing’s move to slash export rebates (to 6 percent in April 2026 and 0 percent by 2027) threatens a sharp cost reset for Indian EV makers; as battery packs make up between 30-40 percent of the EV cost. With China dominating the supply chain, the end of these subsidies could signal a major uptick in battery prices.
