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5 hours ago

Chinese Battery Imports Nearly Double to $2.9 Billion Widening India's Trade Deficit

India's battery imports from China nearly doubled to $2.9 billion in April-August FY27, becoming sixth-largest import item, driven by EV sales surge, commerce data shows. Local makers largely pack imported cells as PLI faltered. Two/three-wheeler imports jumped to $107 million, cars 2.6x to $226 million, likely BYD-led.

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