Lilia Xie of Lux Research spoke with the founders of 24M, which claims to have reduced lithium cell costs by 50% over existing technologies and is targeting US$100 per kWh by 2020.

Will the Indian battery market scenario witness a major change? As the power supply in the country continues to be unreliable, the role of batteries has to change from being an emergency back-up solution to a long time power/energy storage solution.