India's battery storage demand to hit 236.22 GWh by FY32, require Rs 3.49 trillion investment: Report

India's battery energy storage system market is expected to reach 236.22 GWh by FY2031-32. The country will require Rs 3.49 trillion in investments for this growth. Significant advancements in BESS deployment were noted between early and mid-2026. The government is providing extensive support through various initiatives and schemes. These measures aim to enhance project viability and stimulate private-sector participation in the energy storage sector.