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How To Setup Battery Manufacturing Business In India?
Batteries form an essential component of almost every modern machine today right from escalators and vehicles to remote controls,mobile phones and laptops. According to a report by Markets And Markets, the global battery market is expected to become USD 17.25 billion by 2021, growing at a CAGR of 4.15 percent. Increase in the usage of electronic devices and personal vehicles are some of the factors contributing to the growth of the market.
Realizing the potential business opportunities of battery manufacturing, a large number of players are entering into the battery manufacturing domain.
However, starting a battery business is not an easy task; it requires both business and domain expertise. So, one should have a perfect plan of execution in hand before starting a business. In this context, we shall discuss about how to start a battery manufacturing business from scratch in India.
Here are the various steps involved in starting a battery manufacturing business.
Determine Size of the Plant
Determining the size of the manufacturing plant is important for the successful establishment of a battery manufacturing business. The size of the plant should depend on the availability of funds and the turnover target. The size of the manufacturing plant can vary from 100 square meters to 5,000 square meters depending on the budget and business plans. It is advised to start with a medium-sized plant and then scale up the operations as the demand increases.
Choose Your Product Mix
Batteries find application in different industries such as automobiles, power stations, railways, airways, telecommunications, consumer electronic etc. There are different types of batteries like lithium-ion battery, rechargeable battery, EV battery, solar battery, etc. So, before setting up the plant, businesses should decide on the product mix that they are going to manufacture. This selection of niche helps to distinguish yourself from your competitors.
Setting-up the Machinery
Some of the important infrastructure required to manufacture batteries include grid casting machines, oxide mill, paste mixing machine, plate parting, assembly line, acid filling, cell assembly machine, roller press and battery filling machines, etc. There exist both automatic and semi-automatic machines; however, at the initial stages ,it is better to go with semi-automatic machines which are relatively less costly than complete automatic machines. While purchasing the machinery, businesses should consider factors like machine capability, performance, consistency, reliability, etc. along with the cost. More than anything businesses should select their machinery as per their unique requirements which enables them with flexibility and transparency in the operations but not simply buy what a supplier offers.
Though batteries found application in every industry, it is undeniable fact that battery manufacturing causes some environmental issues. So, businesses should strictly follow guidelines set forth by the government. Businesses should adopt ‘circular economy’ business models while manufacturing the batteries as it not only helps to reduce product wastes which lead to environmental pollution, but also reduces the production costs.
But before starting the manufacturing process, businesses should get required licences and certification from the government. Once, the all permissions are given, businesses can go ahead with the manufacturing.
Marketing plays a very important role in running a business and it helps a business to sustain its presence in the market. Unlike the past, marketing has become so cost-effective in this digital age with the advent social media platforms. The novel digital marketing techniques enable businesses to directly reach out to their target customers and educate them about the products. So, businesses should design their marketing campaigns centred around digital marketing techniques.
Are you are planning to start a battery manufacturing business? Are you looking for battery manufacturing consultants who can guide you in setting up the manufacturing plant? This is where SolutionBuggy, India’s biggest online platform connecting consultants to businesses positioned itself in the industry. The company’s team of experts consisting of electrical consultants, lead acid battery consultants, lithium ion battery consultants, etc. helps you with your specific business requirements right from plant setup to commissioning.
Business is not just about ideas, rather it is about implementing the ideas and making them happen.
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