India Battery Recycling Services Market to Reach USD 1.49 Billion by 2032, Growing at a CAGR of 15.85% During 2026–2032

The India battery recycling services market was valued at USD 531.84 million in 2025 and is projected to grow from USD 616.13 million in 2026 to USD 1.49 billion by 2032, registering a CAGR of 15.85% during the forecast period (2026–2032). The market is witnessing robust expansion as India accelerates electric vehicle adoption, leading to a sharp increase in end-of-life lithium-ion and lead-acid batteries requiring environmentally compliant recycling. Additionally, the implementation of the Battery Waste Management Rules, 2022 under the Extended Producer Responsibility (EPR) framework has made battery collection and recycling a mandatory compliance requirement, driving greater demand for organized recycling services while strengthening the country's transition toward a circular battery economy.

In parallel, the market continues to evolve despite collection-related challenges posed by the dominance of informal aggregators, which continue to divert a significant share of end-of-life batteries away from formal recycling channels. This has encouraged organized recyclers to strengthen proprietary sourcing networks, expand reverse logistics, and establish partnerships with OEMs and dealers to secure reliable battery feedstock. With supportive regulatory policies, expanding recycling infrastructure, increasing investments in capacity expansion, and growing demand for recovered critical minerals, the India battery recycling services market is expected to maintain strong growth momentum throughout the forecast period, as stated in the recent report “India Recycling Services Market Analysis, 2026”.

India Battery Recycling Services Market Highlights

The India Battery Recycling Services Market was valued at USD 531.84 million in 2025 and is projected to grow from USD 616.13 million in 2026 to USD 1.49 billion by 2032, registering a CAGR of 15.85% during 2026–2032.
Hydrometallurgical recycling technology emerged as the leading recycling process segment, accounting for approximately 52% of the market share in 2026, driven by its higher recovery efficiency for critical materials such as lithium, cobalt, nickel, and manganese.
Automotive batteries represented the largest feedstock source in the India Battery Recycling Services Market, contributing approximately 60% share in 2026, supported by increasing end-of-life electric vehicle (EV) battery volumes and structured OEM-led collection networks.
The India Battery Recycling Services Market is moderately fragmented, with the top five companies collectively accounting for approximately 40% of the total market share, led by players such as Attero Recycling, Lohum Cleantech, Gravita India Limited, RecycleKaro, and BatX Energies.

India Battery Recycling Services Market Segmentation

By Recycling Process Type

Hydrometallurgical
Pyrometallurgical
Mechanical Recycling
Direct Recycling (Cathode-to-Cathode)

By Source Type

Automotive Batteries
- Passenger EV
- Two-Wheeler EV
- Three-Wheeler EV
- Commercial Vehicles
Consumer Electronics
Industrial & Stationary Energy Storage
Telecom & UPS
Others

By Battery Chemistry Type