Lithium-ion batteries have become a crucial component in the functioning of various electronic devices and electric vehicles. With the growing demand for sustainable energy solutions, the production of these batteries has skyrocketed in recent years.
In this article, we take a look at the top 10 EV battery manufacturers in India. These listed companies have made significant contributions to the industry and have established themselves as leaders in the production of high-quality and reliable lithium-ion batteries.
Whether you’re an industry professional or a consumer, this list is sure to give you a comprehensive overview of the best lithium-ion battery manufacturers in India.
With India poised to become one of the largest electric car markets in the world, the country is also looking to reduce its dependence on imports and become “Atamnirbhar” in this domain, and these EV manufacturers will play a vital role in this mission.
Top 13 EV Lithium-ion Battery Manufacturers
| Company Name | Headquarters | Products | Year Established |
|---|---|---|---|
| Exide Industries | Kolkata, India | Lithium-ion, Lead-acid batteries | 1887 |
| Maruti Suzuki | New Delhi, India | Electric vehicles | 1981 |
| Tata Chemicals | Mumbai, India | Lithium-ion batteries | 1939 |
| Lithium Urban Technologies | Bangalore, India | Lithium-ion batteries for e-rickshaws | 2015 |
| Hero MotoCorp | New Delhi, India | Electric two-wheelers | 1984 |
| Wanxiang | Hangzhou, China | Lithium-ion batteries | 1969 |
| Amarraja (Amaron) – EV | Chennai, India | Lithium-ion batteries for electric vehicles | 1988 |
| Inverted Energy | Bangalore, India | Lithium-ion batteries for renewable energy systems | 2014 |
| HBL Power Systems Ltd | Hyderabad, India | Lithium-ion batteries for electric vehicles | 1972 |
| Luminous Power Technologies | New Delhi, India | Lead-acid batteries, inverters, and solar panels | 1988 |
| Manikaran Power Limited (MPL) | New Delhi, India | Lithium-ion batteries for renewable energy systems | 1993 |
| Li-S Energy | Singapore | Lithium-sulfur batteries | 2013 |
| Tronteck | Mumbai, India | Lithium-ion batteries for electric vehicles | 2011 |
1. Exide Industries
Exide Industries is a leading battery manufacturing company that has been producing high-quality batteries for a variety of applications for over a century.
The company has recently shifted its focus toward producing batteries for electric vehicles (EVs). With the increasing demand for EVs and the need for reliable and efficient battery technology, Exide Industries has positioned itself as a key player in this growing market.
Exide Industries’ EV batteries are designed to meet the demanding requirements of electric vehicles, including high energy density, long lifespan, and fast charging capabilities. The company uses advanced technologies, such as lithium-ion cells, to deliver the performance and reliability that EV owners demand.
Additionally, Exide Industries’ batteries are designed with safety in mind and undergo rigorous testing to ensure that they meet or exceed industry standards for safety and performance.
2. Maruti Suzuki
With its vast experience in the automotive industry and its strong presence in the Indian market, Maruti Suzuki is well-positioned to become a significant player in the electric vehicle battery market.
The company has a large network of dealerships and service centers across India, which will be crucial in promoting and servicing electric vehicles.
In addition to producing batteries for its own vehicles, Maruti Suzuki is also likely to supply batteries to other automakers in India and abroad. This will help the company to generate additional revenue and also reduce its dependence on external suppliers.
Overall, Maruti Suzuki’s entry into the electric vehicle battery market is a positive development for the Indian automotive industry. With more players in the market, competition is likely to increase, which will lead to better products and lower prices for consumers.
3. Tata Chemicals
Tata Chemicals, a subsidiary of the Tata Group, has entered the electric vehicle (EV) battery market. Tata Chemicals aims to provide sustainable and cost-effective energy solutions for the growing demand for EVs. The company is utilizing its extensive experience in the lithium-ion battery space, where it has been a leading producer of advanced materials and electrolytes.
Tata Chemicals has set up a dedicated manufacturing facility to produce high-quality and reliable batteries for EVs. The company is focused on providing batteries that have a high energy density, longer life span, and fast charging capabilities. In addition, the company is also investing in research and development to continuously improve the performance and efficiency of its batteries.
The Indian government has set an ambitious target of having 30% of all vehicles on the roads to be EVs by 2030, which has led to an increased demand for batteries. Tata Chemicals aims to tap into this growing market by providing high-quality and cost-effective batteries.
4. Lithium Urban Technologies
As the demand for electric vehicles continues to grow, Lithium Urban Technologies is poised to play a major role in the transition to a more sustainable transportation future.
With its innovative battery technology, sustainable manufacturing practices, and commitment to reducing the environmental impact of its operations, Lithium Urban Technologies is at the forefront of the electric vehicle revolution.
By producing high-performance, affordable batteries for electric vehicles, Lithium Urban Technologies is helping to make sustainable transportation accessible to more people and creating a cleaner, greener future for all.
5. Hero MotoCorp
Hero MotoCorp is an Indian multinational motorcycle and scooter manufacturer that has ventured into the electric vehicle market by offering batteries for electric vehicles. These batteries are designed to deliver reliable and efficient performance with a long lifespan.
They are built with cutting-edge technology and high-quality materials to ensure safety and durability. The company aims to meet the growing demand for electric vehicles in India and around the world by offering advanced batteries that are suitable for different types of electric vehicles, including cars, motorcycles, scooters, and three-wheelers.
Hero MotoCorp batteries for electric vehicles offer a cost-effective solution for sustainable transportation, making it easier for people to switch to eco-friendly modes of transportation.
6. Wanxiang
Wanxiang Group, a Chinese multinational conglomerate, has taken several initiatives to manufacture electric vehicle (EV) batteries in India. Some of these initiatives include:
- Joint Venture: In 2019, Wanxiang and Hero MotoCorp, an Indian two-wheeler manufacturer, announced a joint venture to manufacture and sell lithium-ion batteries and electric vehicle powertrains in India.
- Manufacturing Plant: In 2020, Wanxiang announced plans to set up a lithium-ion battery manufacturing plant in India, with an initial investment of about $319 million.
- Collaboration with Indian Companies: Wanxiang has also signed MoUs with various Indian companies to promote the use of EVs and to jointly develop new battery technologies for the Indian market.
These initiatives are aimed at supporting the Indian government’s efforts to promote electric mobility and reduce dependence on imported batteries.
7. Amarraja (Amaron) – EV
Amaron is an Indian company known for its production of EV batteries under the brand name Amarraja. The company has established itself as a leading player in the Indian market and is committed to providing high-quality and reliable products to its customers.
Amarraja’s batteries are designed to meet the demands of the growing Indian electric vehicle market and are well-suited for a range of applications, from two-wheelers to commercial vehicles.
The company has a strong focus on research and development and continuously strives to improve its products and manufacturing processes. With a growing demand for electric vehicles in India, Amarraja is poised to play a significant role in the country’s transition to a cleaner and more sustainable future.
8. Inverted Energy
Inverted Energy producing batteries are a game-changer for the electric vehicle industry in India. These batteries can not only power the vehicles but also feed excess energy back into the grid. This helps in reducing the dependence on traditional power sources and reduces carbon footprint.
The inverted energy-producing batteries are expected to have a long life span and low maintenance costs, making it a cost-effective solution for electric vehicle owners. The technology is still in its early stages of adoption in India, but the government and private organizations are investing in research and development to make it a mainstream solution.
With the increasing demand for electric vehicles, the inverted energy-producing batteries have the potential to transform the Indian energy sector and make a significant contribution to the country’s clean energy goals.
9. HBL Power Systems Ltd
HBL Power Systems Ltd, an Indian manufacturer of batteries and power electronics products, is focusing on producing batteries for electric vehicles (EVs) in India. The company has established a state-of-the-art manufacturing facility for the production of Lithium-ion batteries, which are widely used in EVs.
HBL Power Systems Ltd aims to cater to the growing demand for EVs in India and offer high-quality and cost-effective battery solutions to manufacturers of electric vehicles.
The company is committed to promoting sustainable transportation and reducing carbon emissions in India. With its focus on innovation and quality, HBL Power Systems Ltd is poised to play a major role in the growth of the EV industry in India.
10. Luminous power technologies
Luminous Power Technologies is a leading player in the electric vehicle (EV) battery manufacturing sector in India. The company offers a wide range of lithium-ion batteries for EVs, including passenger cars, two-wheelers, and commercial vehicles.
Luminous has established a strong presence in the Indian market by providing high-quality, reliable, and cost-effective EV batteries. With its state-of-the-art manufacturing facilities and advanced technology, Luminous is well-positioned to meet the growing demand for EV batteries in India.
The company has also made significant investments in research and development to improve its product offerings further and stay ahead of the competition. Overall, Luminous Power Technologies is playing a crucial role in driving the growth of the EV market in India.
11. Manikaran Power Limited (MPL)
India’s first Lithium refinery which will process Lithium ore to produce battery-grade material will be set up in Gujarat. This project is expected to secure the raw material supply for the domestic manufacturing of Lithium batteries as it looks to promote electric vehicles.
Manikaran Power Limited, one of the country’s largest power trading and renewable energy company will be investing over Rs 1,000 crore to set up this refinery.
Lithium is a rare element not usually found in India. The company will be importing Lithium ore from Australia and will be processing it here. Last year, Manikaran Power collaborated with Australian firm Neometals to tap the Mount Marion Lithium mine in Western Australia.
12. Li-S Energy
Li-S Energy has come up with a solution to the biggest problem with cells in lithium-ion batteries. The poor cycle life of the cells compels them to be replaced often. As a result, successful commercialization of lithium-sulfur batteries was not possible.
In addition to their breakthrough lithium-sulfur technology, Li-S energy has produced Li-nanomesh™ nanocomposite to enhance a second revolutionary battery: lithium metal.
This battery type has a unique advantage in that while it doesn’t quite match the energy density of lithium-sulfur, it can accommodate higher power draws — a quality favored by electric cars, scooters, and multi-prop drones.
13. Tronteck
Established in 2014 as a small trading company. Trontek today is one of the fastest-growing battery companies in the country. Tronteck is an Indian company that specializes in the manufacture of electric vehicle batteries.
The company is focused on providing high-quality and affordable battery solutions for electric vehicles in India and other countries. It is constantly working to develop new technologies and improve its products in order to meet the growing demand for electric mobility.
Who is the biggest Lithium-ion battery manufacturer in India?
Some of the leading EV battery manufacturers in India are Amaron, Exide Industries, Okaya Power, Luminous Power Technologies, and Livguard Energy.
Will India become the largest lithium-ion battery manufacturer in the world?
It’s difficult to predict with certainty whether India will become the largest lithium-ion battery manufacturer in the world. The future of the industry will depend on several factors such as government policies, investment in research and development, and competition from other countries.
However, India has expressed a strong interest in developing its battery manufacturing capabilities and has taken steps to support this growth. So it’s possible that India may emerge as a major player in the lithium-ion battery industry in the future.
What are the factors driving the growth of EV battery manufacturing in India?
The factors driving the growth of EV battery manufacturing in India include increasing demand for electric vehicles, favorable government policies, and the availability of low-cost raw materials.
What are the advantages of using EV batteries manufactured in India?
The advantages of using EV batteries manufactured in India include lower cost, availability of local service and support, and lower carbon footprint due to reduced transportation costs.
What challenges do EV battery manufacturers in India face?
Some of the challenges faced by EV battery manufacturers in India include limited access to advanced technology, high capital costs, and competition from established players in the global market.
What is the future outlook for EV battery manufacturing in India?
The future outlook for EV battery manufacturing in India is positive, with increasing demand for electric vehicles and supportive government policies expected to drive growth in the sector.
