The electric vehicle (EV) revolution in India is gaining speed, and it’s impossible to ignore the role of EV battery manufacturers in driving this change. From two-wheelers to buses, the backbone of every electric vehicle is a powerful and reliable battery.
The top Indian electric vehicle battery companies are developing a comprehensive service network to meet electric vehicle owners’ demands. This service network includes a network of charging stations, battery replacement centers, and other related services that will help to attract more customers, which is impacting the overall market in India.
Along with this, several top companies are focusing on advancing battery technology to improve the performance and reliability of electric vehicles while providing longer-lasting battery life, faster charging times, and improved charging efficiency, which is gaining widespread prominence among the masses.
In addition, numerous key players are offering value-added services, such as battery maintenance, vehicle diagnostics, and other related services, to enhance customer satisfaction, which significantly supports the demand across the country. Whether you’re an EV enthusiast, an investor, or just curious, here’s everything you need to know about the top EV battery manufacturers in India that are leading the charge.
Why Are EV Batteries So Important?
Before we dive into the list, let’s talk about the importance of EV batteries.
- Power Source: Just like fuel in traditional cars, EV batteries are the main power source for electric vehicles, making them essential for an EV’s performance.
- Range and Efficiency: The distance an EV can travel on a single charge, often referred to as its range, depends entirely on the quality and capacity of its battery.
- Charging Speed: Fast and efficient charging comes down to advanced battery technology, which makes EVs more convenient for everyday use.
- Sustainability: EV batteries are a driving force behind the global shift to cleaner transportation, reducing the dependency on fossil fuels.
- Key to Innovation: The development of better batteries pushes the entire electric vehicle industry forward, impacting everything from design to cost-effectiveness.
List of Top EV Battery Manufacturers in India
1. Exide Industries
Exide Industries is one of the most recognized names in the battery industry in India, with a strong legacy of over seven decades. Known for its lead-acid batteries, Exide has made significant strides in the electric vehicle (EV) space, focusing on the development of advanced lithium-ion batteries. Their commitment to innovation and sustainable energy solutions has positioned them as a leader in the EV battery market. Exide’s R&D efforts are focused on delivering high-performance batteries that cater to a wide range of electric mobility applications.
Company Details:
- Founder: S. B. Ganguly
- Revenue: ₹10,453 crore (FY 2022)
- Location: Kolkata, West Bengal
- Net Worth: Approx. ₹18,000 crore
- Website: exideindustries.com
- Contact: +91 33 2302 3400
2. Amara Raja Batteries
Amara Raja Batteries, famous for its “Amaron” brand, has become a pivotal player in India’s energy storage solutions, with a strong focus on electric vehicle batteries. The company is at the forefront of lithium-ion battery technology, ensuring the development of eco-friendly and long-lasting batteries for electric vehicles. Amara Raja’s world-class infrastructure and innovation-driven approach make them a key contributor to India’s EV revolution. With plans to expand further into the EV battery market, they are investing in research and partnerships globally.
Company Details:
- Founder: Ramachandra N. Galla
- Revenue: ₹8,533 crore (FY 2022)
- Location: Tirupati, Andhra Pradesh
- Net Worth: Approx. ₹7,500 crore
- Website: amararajabatteries.com
- Contact: +91 877 226 5000
3. Tata Chemicals
Tata Chemicals has ventured into the electric vehicle battery market with its focus on developing lithium-ion battery manufacturing capabilities in India. With its strong background in chemicals and sustainable practices, Tata Chemicals aims to lead India’s transition to clean mobility solutions. The company has been working on building end-to-end EV battery solutions, from manufacturing to recycling. Their foray into the battery industry is backed by extensive research and global partnerships.
Company Details:
- Founder: J.R.D. Tata
- Revenue: ₹12,622 crore (FY 2022)
- Location: Mumbai, Maharashtra
- Net Worth: Approx. ₹20,000 crore
- Website: tatachemicals.com
- Contact: +91 22 6665 8282
4. Luminous Power Technologies
Luminous Power Technologies, a leading energy solutions provider in India, has diversified into the electric vehicle battery market, focusing on sustainable and energy-efficient lithium-ion batteries. Known for its high-quality power backup solutions, Luminous brings its expertise to the electric mobility sector by offering robust, reliable, and high-performance batteries. Their vision is to contribute significantly to the growth of electric mobility in India by producing advanced energy storage solutions.
Company Details:
- Founder: Rakesh Malhotra
- Revenue: ₹3,800 crore (FY 2022)
- Location: Gurugram, Haryana
- Net Worth: Approx. ₹4,500 crore
- Website: luminousindia.com
- Contact: 1800 103 3039
5. HBL Power Systems Ltd.
HBL Power Systems Ltd. is one of the top companies providing energy storage solutions, including advanced lithium-ion batteries for electric vehicles. With a long-standing reputation for offering specialized batteries for defense, aviation, and railways, HBL Power Systems has leveraged its expertise to develop cutting-edge battery solutions for EVs. The company’s focus on high-quality and durable battery systems makes it a key player in the transition to electric mobility in India.
Company Details:
- Founder: Dr. A.J. Prasad
- Revenue: ₹1,500 crore (FY 2022)
- Location: Hyderabad, Telangana
- Net Worth: Approx. ₹1,700 crore
- Website: hbl.in
- Contact: +91 40 2779 2263
6. Okaya Power Group
Okaya Power Group is a major player among EV battery manufacturers in India, providing energy solutions for electric vehicles. Known for its strong presence in power storage, Okaya has expanded into lithium-ion batteries for EVs. Their batteries are designed to deliver high performance and long-lasting power, catering to various electric mobility needs. The company’s innovation-driven approach and investment in R&D have allowed it to provide cutting-edge battery solutions for electric vehicles across India.
Company Details:
- Founder: Rajesh Gupta
- Revenue: ₹4,000 crore (FY 2022)
- Location: New Delhi
- Net Worth: Approx. ₹5,500 crore
- Website: okayapower.com
- Contact: +91 11 4747 4747
7. Panasonic Energy India
Panasonic Energy India, part of the global Panasonic Corporation, is making significant strides in the Indian EV battery market. The company is dedicated to producing high-efficiency lithium-ion batteries that power electric vehicles. With a focus on sustainability and energy efficiency, Panasonic Energy India is a major contributor to the EV revolution in India. Their global expertise and commitment to quality make them a trusted name in the industry.
Company Details:
- Founder: Konosuke Matsushita
- Revenue: ₹1,000 crore (FY 2022)
- Location: Vadodara, Gujarat
- Net Worth: Approx. ₹1,200 crore
- Website: panasonic.com
- Contact: 1800 103 1333
8. Euclion Energy
Euclion Energy is a fast-growing Indian company that specializes in lithium-ion batteries for electric vehicles. With a strong focus on innovation and cutting-edge technology, Euclion Energy is committed to providing high-quality, efficient, and sustainable energy solutions. The company’s lithium-ion batteries are designed to meet the growing demand for electric vehicles in India, making them one of the emerging players in the EV battery industry.
Company Details:
- Founder: Amit Bhardwaj
- Revenue: ₹200 crore (FY 2022)
- Location: Bengaluru, Karnataka
- Net Worth: Approx. ₹300 crore
- Website: euclion.com
- Contact: +91 80 6715 4345
9. Inverted Energy
Inverted Energy is a rising star in India’s EV battery manufacturing sector, focusing on lithium-ion battery solutions for electric vehicles. The company is known for its innovation in battery technology, offering high-performance, durable, and eco-friendly energy storage solutions. With its commitment to sustainability and efficiency, Inverted Energy is contributing to India’s transition towards electric mobility and a cleaner environment.
Company Details:
- Founder: Sameer Aggarwal
- Revenue: ₹100 crore (FY 2022)
- Location: New Delhi
- Net Worth: Approx. ₹150 crore
- Website: inverted.in
- Contact: +91 97172 04120
10. Lohum Cleantech
Lohum Cleantech is a prominent player in India’s EV battery industry, focusing on both lithium-ion battery manufacturing and recycling. The company is dedicated to promoting a circular economy by developing sustainable energy storage solutions and reducing battery waste through its advanced recycling technologies. Loham Cleantech’s focus on innovation and sustainability makes it one of the key contributors to the electric vehicle revolution in India.
Company Details:
- Founder: Rajat Verma
- Revenue: ₹300 crore (FY 2022)
- Location: Noida, Uttar Pradesh
- Net Worth: Approx. ₹400 crore
- Website: lohum.com
- Contact: +91 120 421 2435
11. Livguard Energy Technologies
Livguard is one of India’s rapidly growing energy solution providers, specializing in power backup and energy storage. The company has recently ventured into the electric vehicle battery space, positioning itself among EV battery manufacturers in India, and focusing on the production of high-performance lithium-ion batteries. Livguard’s battery solutions are designed to support electric mobility, catering to both two-wheeler and four-wheeler electric vehicles. With a commitment to innovation and sustainability, Livguard is poised to become a key player in the EV battery market in India.
Company Details:
- Founder: Rakesh Malhotra
- Revenue: ₹1,500 crore (FY 2022)
- Location: Gurugram, Haryana
- Net Worth: Approx. ₹2,000 crore
- Website: livguard.com
- Contact: +91 124 476 7000
12. Trontek
Trontek is one of India’s largest importers and manufacturers of electric vehicle batteries, with a strong presence in the lithium-ion battery segment. The company’s innovative battery solutions are widely used in electric two-wheelers and three-wheelers. Trontek focuses on providing high-quality, affordable, and efficient energy storage solutions for India’s growing electric mobility market. With a dedicated team and continuous R&D, Trontek is on a mission to enhance India’s EV infrastructure.
Company Details:
- Founder: Vipul Sabharwal
- Revenue: ₹700 crore (FY 2022)
- Location: New Delhi
- Net Worth: Approx. ₹800 crore
- Website: trontek.com
- Contact: +91 11 4550 7680
13. Greenfuel Energy Solutions
Greenfuel Energy Solutions is a prominent name in the EV battery industry, known for developing high-quality, sustainable lithium-ion batteries. The company has been at the forefront of the EV revolution in India by providing innovative energy storage solutions for electric vehicles. Their focus on safety, performance, and reliability has made them a preferred choice for many EV manufacturers. Greenfuel is committed to offering eco-friendly and efficient battery solutions that drive the future of electric mobility.
Company Details:
- Founder: Abhijit Sathe
- Revenue: ₹300 crore (FY 2022)
- Location: Gurugram, Haryana
- Net Worth: Approx. ₹350 crore
- Website: greenfuelenergy.in
- Contact: +91 124 400 8822
14. Coslight India Telecom Pvt. Ltd.
Coslight India is a subsidiary of the Coslight Group, a global leader in energy storage solutions. The company specializes in lithium-ion battery production and has a strong presence in the electric vehicle battery segment. Coslight India provides advanced battery technology solutions for electric two-wheelers and electric cars. With their cutting-edge research and global expertise, they are contributing to India’s move towards electric mobility.
Company Details:
- Founder: Coslight Group
- Revenue: ₹600 crore (FY 2022)
- Location: Gurgaon, Haryana
- Net Worth: Approx. ₹700 crore
- Website: coslightindia.com
- Contact: +91 124 488 1400
15. Exicom Tele-Systems
Exicom Tele-Systems is a leading energy solutions provider, focusing on lithium-ion batteries for electric vehicles. The company’s battery solutions are highly regarded for their safety, efficiency, and long life. Exicom’s extensive R&D and manufacturing capabilities have positioned it as a leading supplier of EV batteries in India. Their batteries are widely used in electric two-wheelers, buses, and charging stations across the country.
Company Details:
- Founder: Anant Nahata
- Revenue: ₹1,000 crore (FY 2022)
- Location: Gurugram, Haryana
- Net Worth: Approx. ₹1,200 crore
- Website: exicom-ps.com
- Contact: +91 124 438 4038
Also Read: Manufacturing Companies in Bangalore
Conclusion
India’s electric vehicle (EV) sector is gaining momentum as the country pushes for greener mobility solutions. At the core of this shift are the EV battery manufacturers who play a crucial role in powering this transition. From established leaders like Exide Industries and Amara Raja to rising innovators like Trontek and Greenfuel, these companies are shaping the future of electric mobility in India.
As EV adoption accelerates, the demand for efficient, long-lasting, and affordable batteries will continue to grow. These EV battery manufacturers in India are not only focusing on meeting the present demand but also innovating to provide solutions for the future. With advancements in technology, greater government support, and increased consumer awareness, India is poised to be a significant player in the global EV battery industry. For anyone looking to invest in the electric future, these manufacturers represent the pioneers of tomorrow’s energy landscape.
FAQs
1. Why is India focusing on electric vehicles and EV batteries?
India is focusing on electric vehicles and EV batteries to reduce carbon emissions, decrease reliance on fossil fuels, and combat air pollution in its cities. The government has set ambitious targets for EV adoption and is promoting the manufacturing of EV batteries to meet domestic and global demand.
2. What are the advantages of using lithium-ion batteries in EVs?
Lithium-ion batteries are lightweight, have a high energy density, and offer longer driving ranges for EVs. They also have faster charging times and a longer lifespan compared to traditional lead-acid batteries, making them ideal for modern electric vehicles.
3. Are Indian EV battery manufacturers exporting globally?
Yes, many Indian EV battery manufacturers are expanding their reach to international markets. Companies like Exide Industries and Amara Raja have established global operations, providing batteries for both domestic and international EV manufacturers.
4. What is the lifespan of an EV battery?
The lifespan of an EV battery typically ranges from 8 to 10 years, depending on factors such as usage, maintenance, and environmental conditions. However, advancements in battery technology are continuously extending the longevity and efficiency of EV batteries.
5. What incentives does the Indian government offer for EV adoption?
The Indian government offers various incentives, such as tax rebates, subsidies, and lower GST rates, to promote the adoption of electric vehicles. The FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) scheme is one such initiative that supports EV buyers and manufacturers.
