India's automotive supply chain draws ₹540+ crore in investments as battery materials and localisation accelerate
India's automotive supply chain is attracting significant investment, with over ₹540 crore in disclosed investments announced at the start of FY27's second quarter. The investment cycle is led by Australian battery materials company Sicona Battery Technologies, which secured AUD 45 million (≈₹255 crore) from ARENA, backed by Himadri Speciality Chemical Ltd. ICRA estimates the auto component industry will invest ₹20,000-25,000 crore during FY27, with capital flowing into battery materials, advanced manufacturing, and localisation efforts.
Key quotes
Nearly ₹540 crore of disclosed investments announced at the start of the second quarter of FY27 underscore a growing shift in capital towards India's automotive supply chain
ICRA estimates the auto component industry will invest ₹ 20,000-25,000 crore during FY27
Australian battery materials company Sicona Battery Technologies, backed by Himadri Speciality Chemical Ltd, secured up to AUD 45 million (around ₹255 crore) from the Australian Renewable Energy Agency (ARENA)
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