Himadri Speciality Chemical Ltd, a leading Indian producer of electric vehicle (EV) battery materials and other value-added chemicals, marked World EV Day with a reaffirmation of its commitment to promoting sustainable transportation. Celebrated annually on September 9, World EV Day serves as a platform to raise global awareness of electric vehicles and accelerate the shift towards cleaner mobility solutions.
Himadri’s Chairman and Managing Director, Anurag Choudhary, expressed pride in the company’s leadership in India’s EV revolution, emphasizing its role in advancing battery materials that power electric vehicles. “It’s a moment to celebrate the transformative journey of EVs and their role in shaping a sustainable future,” he said. “At Himadri, we are committed to pioneering innovations that drive the transition to cleaner transportation.”
The electric vehicle market has seen remarkable growth, with global projections estimating it to reach $6.86 trillion by 2033. In India, EV sales surged to 1.5 million units in 2023, a 50% rise from the previous year, with two-wheelers leading the segment, accounting for 85-90% of sales.
As EV technology advances, the cost of electric vehicles is narrowing compared to internal combustion engine vehicles (ICEVs), aided by improved battery technology and supportive government policies. EVs also offer significant savings, with lower fuel and maintenance costs. The running cost of an EV is typically around one-eighth of that of a small petrol car, and EV engines have just 1% of the moving parts found in ICEVs, reducing wear and tear.
The Indian government is playing a crucial role in the transition, with policies like the EV30@30 initiative, which aims to have 30% of newly registered private cars, 40% of buses, 70% of commercial vehicles, and 80% of two- and three-wheelers be electric by 2030.
Himadri’s commitment to sustainability is evident in its focus on energy-efficient manufacturing, with eight zero-discharge facilities across India. The company is also developing processes for recycling lithium, cobalt, and nickel from used batteries, contributing to a circular economy. “We are working on efficient battery recycling methods and exploring the repurposing of used EV batteries for energy storage solutions,” said Choudhary.
The company’s New Energy Materials Division has been at the forefront of developing high-performance materials essential for EV batteries, reinforcing India’s position in the global EV ecosystem. Himadri has made significant strides in reducing environmental impact through innovation and sustainable practices, aiming to create a greener future.
Looking ahead, Choudhary emphasized the need for collaboration between governments, industries, and consumers to ensure a smooth transition to electric mobility. “Governments must continue to provide incentives, industries must invest in innovation, and consumers need to support sustainable practices,” he said. As Himadri enters the lithium-ion battery ecosystem, the company envisions a future powered by clean, quiet, and sustainable energy, underscoring its commitment to global sustainability goals.
Himadri Speciality Chemical Ltd is a global chemical conglomerate focused on research, innovation, and sustainability. The company is a pioneer in lithium-ion battery material production in India and exports to 54 countries worldwide. With a diverse product portfolio, Himadri serves industries ranging from batteries to construction chemicals. Its eight zero-liquid discharge facilities and green energy initiatives reflect its commitment to environmental responsibility.
