New Delhi: India’s battery manufacturing is competitively positioned globally but remains structurally dependent on imports and must rapidly scale cell manufacturing to meet demand, a report said on Thursday. The report from Wood Mackenzie said India offers a 154 per cent cost advantage over Japan and a 9 per cent advantage over South Korea, placing it second only to China among major manufacturing destinations.However, locally manufactured cells are expected to cost 25–40 per cent more than imported ones in the near term because of limited scale, higher financing costs and an underdeveloped supplier ecosystem. "Cell manufacturing is expected to develop…