The newly announced union budget 2025 has many packaging that the exemption from custom obligations, especially important mineral disposal, helps to support the production of EV batteries. There are several here
Two comparisons: A decrease in sophisticated important minerals and discarded important minerals.
Last year’s budget announced that imported duties for important minerals required for battery production would be exempted. According to the Nitin GUPTA of the Attero Recycling CEO, this was a correct direction, but the import value of the scrap is less than sophisticated lithium, so the policy to exempt BCD (basic tariff) is excellent. Masu. It also supports Indian purification and recycling functions, which need to be up -scale at a record pace in light of new policies.
“In essence, the supply chain is added value. If you have created domestic refined infrastructure and capacity, the addition of value from scrap to finished product is occurring in Japan. It is essential. It is not 100 % in Japan, but the value of imports decreases overall, “says Guta.
Is these policies useful for setting up a more robust purification ecosystem?
Even if India has a considerable lithium reserved amount (not), it cannot be expected to have a resource -independent EV ecosystem unless you have an ecosystem to purify your own battery material. Currently, 80 % of EV battery refining is occurring in China. Is these policies sufficient to boost Indian lithium and cobalt refinery?
“That’s our reading,” says Gupta. “It provides supply security, reduces input costs, and basically encourages more investment in improving important minerals in Japan.” “Attero is a leader in this field, and I am convinced that other players will also commit to India’s purified infrastructure and ability setting.”
Does recycle company play an important role in purifying lithium and cobalt?
The fact that players like Attero and BATX are famous players of EV batteries and electronic waste recycling spaces, but the fact that Indian mineral refinement ecosystem remains so inadequate. However, GUPTA states that Attero facilities already include purification.
“Because there is an internal refined facility, we bring it to stage 2 and produce pure products.” Therefore, it is possible to collect sophisticated battery output or import scraps directly for purification. “
Currently, there is almost no manufacturing waste in India because companies have not yet expanded battery cell manufacturing activities. “Import actually supports our abilities. This can be greatly increased thanks to the low cost of imported waste.”
Is this policy and clean technology mission possible to add domestic value to EV batteries?
There is already a PLI scheme for battery production. If you are purchasing sophisticated lithium in Japan, you meet some additional standards. Clean tech missions are accelerating various green technology. Therefore, they all accelerate the production of EV batteries.
This can reduce the price of the EV battery. So what about EV?
In the second year, the PM E-DRIVE scheme only provides incentives. £In the case of two electricity, 5000 -half of the incentive cap provided last year, demand has already slowed. It is optimistic to assume that the decline in battery prices from BCD exemptions offset the lack of incentives, but GUPTA has proved that the battery price will fall by 10 %. “The price of the battery has fallen by 10 %, and the battery is about 50 % of the overall cost of the vehicle, so it should have at least 5 %.”
How do you expand recycled costumes like Attero?
“So the expansion plan has already been set. This will accelerate,” says Gupta. “We are considering increasing the capacity by six in the next four years. The current capacity has doubled to 300,000 tons per year from 140,000 tons per year. This is more recycled plan, more capacity, It also means that it will be a more recycled costume of the bronze and aluminum. In this field, you need more champions in this field.
