Top 15 Battery Companies in India
India’s battery sector is experiencing record growth, fueled by the quick uptake of electric vehicles (EVs), growth in renewable energy infrastructure, and increased demands from industrial and consumer electronics markets. As the world shifts towards cleaner and greener sources of power, batteries are now an essential element in facilitating this shift, powering everything from smartphones to electric scooters and even bulk energy storage systems.
Batteries are at the center of India’s bold e-mobility and energy security ambitions. Yet, the country has been dependent on imports for cutting-edge battery technologies, particularly lithium-ion cells. To remedy this, the Indian government and industry are heavily investing in domestic manufacturing capabilities with a vision to develop a strong battery ecosystem that minimizes dependence on imports and establishes India as a global production powerhouse.
In this blog, we highlight 15 top battery companies in India that are spearheading innovation, ramping up production capacity, and paving India’s way to a clean energy future.
Types of Batteries That Dominate the Indian Market
1. Lead-Acid Batteries
- Lead-acid batteries are the most commonly used battery type in India, particularly for automotive use (conventional vehicles), domestic inverters, and UPS systems.
- Due to their affordability, reliability, and recyclability, they still dominate the backup power market.
- Industrial applications, telecommunication towers, and material handling equipment still depend extensively on tubular and VRLA (Valve Regulated Lead-Acid) batteries.
- In spite of the growth of newer technologies, lead-acid batteries continue to be in demand because of their established supply chain and low prices.
2. Lithium-ion Batteries
- Lithium-ion batteries are seeing high growth in India due to the growth of electric vehicles (EVs), consumer electronics, and renewable energy storage.
- They have a higher energy density, longer life cycle, and quicker charging than lead-acid batteries.
- Key uses are EV battery packs, solar power storage systems, telecom power backups, and portable electronics.
- The government’s initiative to indigenize production of lithium-ion batteries is increasingly driving their market share in India.
3. Nickel-Metal Hydride (NiMH) Batteries
- NiMH batteries have a small but meaningful presence in India, especially in hybrid cars, medical equipment, and industrial uses.
- They are safer and thermally more stable than lithium-ion but are slowly being replaced by the latter because of limitations in energy density.
- Certain legacy uses and niches with particular safety needs, however, still favor NiMH batteries.
4. Advanced Chemistry Cells (ACC)
- Advanced Chemistry Cells are the next-step technology for high-capacity energy storage devices, providing enhanced energy density, more rapid charging, and longer life.
- ACC technologies encompass solid-state batteries, lithium-sulphur, and other next-generation chemistries for overcoming the limitations of today’s lithium-ion cells.
- The Indian government’s PLI scheme for the production of ACC is planned to spur indigenous manufacturing of these advanced batteries to decrease dependence on imports.
- ACCs are likely to play a central role in applications such as grid-scale energy storage, next-generation EVs, and high-performance industrial systems in the imminent future.
List of Top Battery Companies in India
1. Exide Industries Ltd.
Website: https://www.exideindustries.com
- Founded Year: 1947
- Founders/Key People: Subir Chakraborty (MD & CEO)
- Headquarters: Kolkata, West Bengal
Exide Industries is one of India’s largest and oldest battery makers and is known for having a wide portfolio of lead-acid batteries that serve automotive, industrial, and inverter segments. Exide boasts an over-seven-decade-long heritage with a solid distribution network and strong brand name established across the nation.
The firm is also taking big leaps in lithium-ion battery technology through strategic alliances and R&D efforts, particularly to serve the expanding electric vehicle (EV) and energy storage system (ESS) businesses. Exide’s emphasis on technological advancement and localized production puts it at the forefront of India’s battery revolution in leading the move towards clean energy solutions.
Key Products/Technologies:
- Lead-Acid Batteries
- Lithium-ion Batteries
- Energy Storage Systems
- Industrial Batteries
2. Amara Raja Energy & Mobility Ltd. (earlier Amara Raja Batteries Ltd.)
Website: https://www.amararajaeandm.com
- Founded Year: 1985
- Founders/Key People: Dr. Ramachandra N. Galla (Founder), Jayadev Galla (Vice Chairman)
- Headquarters: Tirupati, Andhra Pradesh
Amara Raja Energy & Mobility is a leading Indian battery company, well known for its “Amaron” brand of auto batteries. Amara Raja has a diversified product range catering to the automotive, telecom, industrial, and UPS segments.
Amara Raja has entered the business of lithium-ion battery production and next-generation energy storage systems in recent years to address the growing need for electric mobility and renewable energy integration. With an intensive focus on R&D and eco-friendly practices, Amara Raja is positioning its expertise to enable India’s ambitious clean energy and e-mobility objectives.
Key Products/Technologies:
- Lithium-ion Battery Packs
- Advanced Energy Storage Systems
- EV Battery Packs
3. Tata Autocomp Gotion Green Energy Solutions Pvt. Ltd.
Website: https://tataautocomp.com
- Founded Year: 2021
- Founders/Key People: Arvind Goel (Chairman, Tata AutoComp Systems)
- Headquarters: Pune, Maharashtra
Tata Autocomp Gotion is a joint venture of Tata AutoComp Systems with China-based Gotion High-Tech set up to design and produce lithium-ion battery pack and solution for India’s electric vehicle (EV) and energy storage industries. The firm emphasizes cell-to-pack integration, battery management system (BMS), and localized battery manufacturing to aid the nation’s increasing need for EV components.
Relying on Tata Group’s manufacturing prowess and Gotion’s battery technology expertise, Tata Autocomp Gotion is well positioned to drive India’s EV ecosystem with cost-efficient and dependable battery solutions.
Key Products/Technologies:
- Lithium-ion Battery Packs
- Battery Management Systems (BMS)
- EV Battery Modules
- Energy Storage Systems
4. Luminous Power Technologies Pvt. Ltd.
Website: https://www.luminousindia.com
- Founded Year: 1988
- Founders/Key People: Rakesh Malhotra (Founder), Preeti Bajaj (CEO & MD)
- Headquarters: Gurugram, Haryana
Luminous Power Technologies is a prominent power and energy storage solutions company in India, well known for its inverters, batteries, and solar solutions. The firm produces a comprehensive tubular and flat-plate lead-acid battery range, serving home UPS, industrial, and solar sectors.
Luminous has also widened its scope towards solar energy storage systems, advocating clean and green energy solutions for both residential and commercial spaces. With its robust distribution network and ongoing product innovation, Luminous is a reliable brand in India’s battery and power backup sector.
Key Products/Technologies:
- Tubular & Flat Plate Lead-Acid Batteries
- Inverter Batteries
- Solar Batteries
- Energy Storage Solutions
5. Okaya Power Group
Website: https://www.okaya.in
- Founded Year: 1987
- Founders/Key People: Anil Gupta (Chairman & MD)
- Headquarters: New Delhi
Okaya Power is one of the largest Indian manufacturing companies of battery with a complete line of power storage products such as inverter batteries, auto batteries, and solar batteries. Okaya Power has a large network of dealers and good service infrastructure spread throughout India.
Okaya has ventured into lithium-ion battery production in recent years, with a focus on electric vehicle (EV) battery packs and energy storage systems to back India’s clean mobility initiative. Okaya’s dedication to innovation and quality positions it as a vital part of the shifting energy storage paradigm.
Key Products/Technologies:
- Lead-Acid Batteries
- Lithium-ion Batteries
- EV Battery Packs
- Solar Batteries
- Energy Storage Solutions
6. Exicom Tele-Systems Ltd.
Website: https://www.exicom.com/ev-charging
- Founded Year: 1994
- Founders/Key People: Anant Nahata (Managing Director)
- Headquarters: Gurugram, Haryana
Exicom Tele-Systems is one of the leading players in advanced energy storage and electric vehicle (EV) charging in India. Exicom operates with lithium-ion battery packs for EVs, telecom tower backup, and grid-scale energy storage systems. Exicom is a leading player in EV charging infrastructure with a robust portfolio of DC fast chargers and AC chargers across different vehicle categories.
By integrating smart energy storage technologies with green mobility solutions, Exicom is playing a pivotal role in India’s EV and renewable energy ecosystem.
Key Products/Technologies:
- Lithium-ion Battery Packs
- EV Charging Stations
- Energy Storage Systems
- Telecom Power Solutions
7. Amperex Technology Limited (ATL India)
Website: https://www.atlbattery.com
- Founded Year: 1999 (India Operations Established in 2019)
- Founders/Key People: Joe Kit Chu Lam (Global CEO)
- Headquarters: Gurugram, Haryana (India Office)
Amperex Technology Limited (ATL) is a world leader in the production of lithium-ion batteries, providing high-end battery packs to leading consumer electronics brands across the globe. Through its cutting-edge manufacturing plant in India, ATL specializes in the production of lithium-polymer batteries for smartphones, laptops, wearables, and IoT products.
The company’s battery knowledge in thin, high-energy-density battery solutions makes it a major player in India’s electronics and EV battery supply chain. ATL is also exploring opportunities in India’s energy storage and electric mobility markets through strategic collaborations.
Key Products/Technologies:
- Lithium-Polymer Batteries
- Lithium-ion Battery Packs
- Consumer Electronics Batteries
- EV Battery Solutions
8. HBL Power Systems Ltd.
Website: https://www.hbl.in
- Founded Year: 1977
- Founders/Key People: Dr. A. J. Prasad (Chairman & MD)
- Headquarters: Hyderabad, Telangana
HBL Power Systems is a diversified energy storage and electronics firm providing specialized battery solutions for industrial, defense, and railway markets. HBL is famous for its early innovation in Nickel-Cadmium and specialty lead-acid batteries and is now engaged in the development of lithium-ion battery packs for new applications in electric mobility and grid energy storage.
HBL’s experience in the provision of batteries for critical infrastructure and defense gives the company a pre-eminent position as a specialist partner for custom energy storage needs.
Key Products/Technologies:
- Nickel-Cadmium Batteries
- Lead-Acid Batteries
- Lithium-ion Battery Packs
- Railway & Defense Power Systems
Also Read: Indian Mobile Companies
9. Livguard Energy Technologies Pvt. Ltd.
Website: https://www.livguard.com
- Founded Year: 2014
- Founders/Key People: Rakesh Malhotra (Founder), Pawan Khurana (Co-Founder)
- Headquarters: Gurugram, Haryana
Livguard Energy Technologies is a growing Indian battery maker with a comprehensive array of energy storage solutions across automotive, inverter, and solar categories. Reputed for its high-end tubular and VRLA batteries, Livguard is concentrating on lithium-ion batteries for solar energy storage systems and electric vehicles as well.
The strong focus on innovation, quality, and clean energy has assisted the company in establishing a strong brand image in both rural and urban markets, and it has become a strong contender in the Indian battery industry.
Key Products/Technologies:
- Lead-Acid Batteries
- Lithium-ion Batteries
- Inverter Batteries
- Solar Energy Storage Solutions
10. Amrut Energy Pvt. Ltd.
Website: https://www.amrutenergy.com
- Founded Year: 2016
- Founders/Key People: Kiran Panchal (Managing Director)
- Headquarters: Ahmedabad, Gujarat
Amrut Energy is a new entrant in India’s solar and battery storage industry, recognized for its emphasis on lithium-ion battery technology for solar and electric vehicle (EV) needs. The company develops and produces sophisticated lithium-ion battery packs, solar batteries, and energy storage solutions adapted for Indian climatic and operating conditions.
With a focus on sustainability, innovation, and local manufacturing, Amrut Energy is part of India’s drive for self-reliance in clean energy technologies and EV ecosystem growth.
Key Products/Technologies:
- Lithium-ion Battery Packs
- Solar Batteries
- EV Batteries
- Energy Storage Systems
11. EV Dynamics (India) Pvt. Ltd.
Website: https://evdynamics.com
- Founded Year: 2018
- Founders/Key People: Arvind Rajan (Founder & CEO)
- Headquarters: Bengaluru, Karnataka
EV Dynamics is a niche battery maker company with the aim of providing lithium-ion battery solutions for electric two-wheelers, three-wheelers, and light commercial vehicles (LCVs) in India. EV Dynamics provides battery packs featuring smart Battery Management Systems (BMS) with high performance, safety, and durability.
EV Dynamics is renowned for its R&D centric approach, collaborating directly with EV original equipment manufacturers (OEMs) to create customized battery packs based on the Indian road and climatic conditions. Its fast production capacity renders it as a prime facilitator for India’s EV industry.
Key Products/Technologies:
- Lithium-ion Battery Packs
- EV Battery Modules
- Battery Management Systems (BMS)
- Swappable Battery Solutions
12. Nexcharge (Exide-LECLANCHÉ JV)
Website: https://nexcharge.in
- Founded Year: 2019
- Founders/Key People: Subir Chakraborty (Exide Industries), Anil Srivastava (Leclanché)
- Headquarters: Ahmedabad, Gujarat
Nexcharge is a joint venture between Leclanché SA (Switzerland) and Exide Industries (India) to produce advanced lithium-ion battery packs and energy storage systems for electric vehicles and stationary storage applications in India. The company has a world-class lithium-ion battery manufacturing facility in Gujarat and supplies a wide variety of applications, such as electric buses, commercial EVs, telecom, and renewable energy storage.
With Exide’s market penetration and Leclanché’s battery tech leadership combined, Nexcharge is set to be a key player in India’s battery storage revolution.
Key Products/Technologies:
- Lithium-ion Battery Packs
- Energy Storage Systems (ESS)
- EV Battery Solutions
- Stationary Storage Systems
13. Godrej Batteries (Godrej & Boyce Mfg. Co. Ltd.)
Website: https://www.godrej.com/godrejandboyce
- Founded Year: 1897 (Battery Division active since mid-20th century)
- Founders/Key People: Ardeshir Godrej & Pirojsha Godrej (Founders), Nyrika Holkar (Executive Director)
- Headquarters: Mumbai, Maharashtra
Godrej Batteries, a subsidiary of Godrej & Boyce, has been a well-established brand in the Indian battery industry for over a few decades. The firm mainly produces lead-acid batteries for industrial uses like forklifts, material handling products, and backup power solutions.
With high reliability and long life, Godrej Batteries is a go-to supplier for industries demanding high-performance and maintenance-free energy storage solutions. The company also looks into future battery technologies to complement India’s transition to clean and efficient energy systems.
Key Products/Technologies:
- Lead-Acid Industrial Batteries
- Traction Batteries
- Stationary Power Solutions
14. Panasonic Energy India Co. Ltd.
Website: https://www.panasonicenergyindia.in
- Founded Year: 1972
- Founders/Key People: Subsidiary of Panasonic Corporation (Japan), Takeshi Nomoto (Managing Director)
- Headquarters: Vadodara, Gujarat
Panasonic Energy India is the major producer of dry cell batteries and lighting products for the domestic as well as export markets. It has a large number of zinc-carbon and alkaline batteries for household and industrial applications. With its emphasis on high-quality, environment-friendly battery solutions, Panasonic Energy India plays an important role in delivering power solutions that are portable and reliable.
Although most famous for dry cells, Panasonic also deals in lithium-ion technology from its global operations and stands to increase its footprint in India’s changing battery landscape.
Key Products/Technologies:
- Zinc-Carbon Batteries
- Alkaline Batteries
- Rechargeable Batteries
- Lithium-ion Technology (Global Integration)
15. Replus Engitech Pvt. Ltd.
Website: https://replusengitech.com
- Founded Year: 2016
- Founders/Key People: Sachin Ghawate (Founder & CEO)
- Headquarters: Pune, Maharashtra
Replus Engitech is an energy storage solutions company based out of Pune that deals in lithium-ion battery packs for electric vehicles, stationary storage, and industries. It develops and produces intelligent battery systems with sophisticated Battery Management Systems (BMS) to ensure safety, longevity, and maximum performance.
Replus specializes in developing modular and scalable energy storage solutions for the Indian environment with the mission to enable the country’s adoption of e-mobility and renewable energy. With its innovative spirit, it is a lead emerging company in India’s battery manufacturing industry.
Key Products/Technologies:
- Lithium-ion Battery Packs
- Energy Storage Systems
- EV Battery Modules
- Smart BMS Solutions
Why India’s Battery Sector is Heating Up?
1. Electric Vehicle (EV) Adoption Push
- Government initiatives such as FAME II (Faster Adoption and Manufacturing of Hybrid and Electric Vehicles) are fueling EV adoption through incentives for manufacturers and consumers.
- Target to have 30% EV penetration by 2030 is driving demand for cost-effective, high-performance batteries.
- Commercial EV, three-wheeler, and two-wheeler segments are seeing huge growth in battery consumption.
2. Growth of Renewable Energy & Demand for Grid-Scale Battery Storage
- India’s aggressive solar and wind energy push necessitates strong energy storage solutions to manage grid stability as well as power fluctuations.
- Grid-scale lithium-ion battery storage systems are pivotal in bridging supply-demand deficits, particularly peak load and low-generation hours.
- Large-scale battery storage allows for superior integration of renewables into the national grid.
3. Increasing Demand from Telecom, Automotive & Consumer Electronics Spaces
- The telecom industry requires dependable battery backup for towers and data centers, particularly in rural locations.
- The auto sector continues to use lead-acid batteries for conventional cars and is switching to lithium-ion technology for hybrid & electric vehicles.
- Growth in consumer electronics (smartphones, laptops, wearables) drives demand for smaller, high-energy-density batteries.
- Increased industrial applications such as UPS systems, forklifts, and off-grid power systems drive battery consumption even further.
4. PLI Scheme for Advanced Chemistry Cell (ACC) Manufacturing
- The Production Linked Incentive (PLI) scheme is intended to increase indigenous production of Advanced Chemistry Cells (ACC) and provide financial incentives for scaling up production.
- Incentivizes private investments in establishing gigafactories for producing battery cells in India.
- Targets minimizing India’s dependence on imported battery cells and building a self-sustaining battery ecosystem.
- Facilitates R&D for future-generation battery technologies, increasing India’s competitive advantage in overseas markets.
Conclusion
Indian battery makers are at the forefront of India’s energy revolution, spearheading the country’s shift toward electric mobility and a clean energy future. From energizing millions of cars to enabling renewable energy storage and industrial uses, Indian battery companies are leading India’s energy transition. With the government’s aggressive thrust for local manufacturing through schemes such as FAME II and the PLI scheme for Advanced Chemistry Cells, India is gradually developing a powerful and indigenous battery ecosystem.
With changing battery technologies and new entrants in the market, it is important to stay up-to-date with the latest innovations and developments in the industry. The companies included in this list are not only making India’s battery sector today but are also building a cleaner, greener future. Watch this space for interesting innovations in battery technology and India’s path to becoming a global energy storage hub.
FAQs
What does the future of EV battery production in India look like?
With increasing EV adoption, India’s EV battery production will grow rapidly. Investment in gigafactories, advanced chemistry cells (ACC), and local production will de-link India from import dependence and establish India as a global leader in battery production.
Which type of battery is most frequently used in India?
Lead-acid batteries continue to be the most widely used in India, particularly in automotive, inverter, and UPS segments. Lithium-ion batteries, however, are rapidly expanding their presence in renewable energy storage and electric vehicles.
What are the government initiatives favoring battery manufacturing in India?
Some of the major initiatives are the FAME II program for EV adoption and the PLI scheme for Advanced Chemistry Cell (ACC) production, with incentives to manufacturers to establish large-scale battery production in India.
How do I invest in Indian battery firms?
You could invest in listed firms such as Exide Industries, Amara Raja Energy & Mobility, and HBL Power Systems through stock exchanges. Keeping track of potential IPOs and collaborations in the EV and energy storage industry can also provide new investment possibilities.
What are the difficulties for Indian battery makers?
The key challenges are reliance on foreign raw material supplies (such as lithium and cobalt), high up-front investment requirements, limited R&D facilities, and stiff competition from entrenched international battery titans. Battery recycling and developing a solid supply chain are also significant challenges
