Looking for lithium ion battery manufacturers in India? You came to the right place, check our easy-to-read article on Lithium Companies In India.
The lithium battery market in India is predicted to develop at a CAGR of 17.21%. The market value was 125.64 billion dollars in 2020, with an estimate of 310.89 billion dollars for 2026.
By 2030, the Indian government plans to sell 30% electrified vehicles in all modes. The lithium battery industry in India will benefit from India's excitement for electric vehicles.
India's lithium battery market is growing. Lithium battery manufacturers in India include: TDS lithium Battery Gujarat Private Limited, Bharat Electronics Limited, Okaya Power Group, Exide Technologies, and Amara Raja Batteries Limited.
The battery cells are the most expensive part of an electric vehicle. Lithium batteries are the most versatile and prolific of fully developed storage systems.
Electric vehicles currently account for 24% of worldwide lithium demand. By 2030, this figure is predicted to grow to 79 percent. Electronics, energy storage, and other gadgets will account for the remaining 21%.
According to the International Lithium Association, lithium consumption could increase by over 40 times by 2030 due to the growth of electric vehicles (ILiA).
According to Reuters, lithium consumption was over 320,000 tonnes last year and is expected to reach 1 million by 2025 and 3 million by 2030. Lithium batteries are increasingly being used in telecommunications, energy storage, government initiatives, and toys.
Between 2026 and 2030, India will reach a critical juncture. The manufacturers will begin producing lithium batteries during this time. Lithium and other minerals such as cobalt, aluminium, and copper are used in the creation of Li-ion batteries, which are sourced and mined.
Reasons for Growth of Lithium batteries
Lithium batteries are those that have lithium as their anode. They are quickly gaining popularity and eclipsing competitors such as lead-acid batteries.
Because of its low weight, high energy density, and longer lifespan, lithium batteries are gaining popularity in consumer electronics. They're now also being employed in energy storage and electric automobiles.
Anode, cathode, separator, electrolyte, and current collectors make up a lithium battery. When the battery is charging, the positive electrode releases part of its lithium ions, which go to the negative electrode via the electrolyte.
This energy is captured and stored by the battery. Lithium ions travel about, creating free electrons and a charge that passes to the gadget being powered.
Benefits of Lithium Batteries
Lithium batteries provide numerous benefits, including high energy density, lightweight, quick charging, portability, long life, safety, maintenance-free operation, and long life.
Significant cost reductions are occurring in the technology. Before making a decision, consider the following factors: application, backup time, capacity, technology, warranty, pricing, brands, and so on.
In this guide, we ranked and reviewed the Top Lithium Ion Battery Manufacturers in India, along with our top 3 choices, so that you can pick the best one for you.
Waaree ESS
leading lithium-ion battery producer
Overall Rating: 4/5
WAAREE ESS, founded in 1989, is India's leading lithium-ion battery producer, with a headquarters in Mumbai with a global presence of over 68 countries and 2500 workers.
Loom solar
first lithium battery producer to offer a 6Ah to 100Ah range
Overall Rating: 3/5
Amod Anand and Amol Anand launched Loom Solar, a start-up that manufactures solar panels and lithium batteries in Faridabad, Haryana. It is an ISO 9001-2015 accredited firm and a Government of India recognised start-up
TDS Lithium-Ion Battery Gujarat Private Ltd.
first Lithium-ion Battery Manufacturing Plant
Overall Rating: 5/5
TOSHIBA Corporation, DENSO Corporation, and Suzuki Motor Corporation are constructing India's first Lithium-ion Battery Manufacturing Plant (Formerly known as Automotive Electronics Power Private Limited) in Gujarat
List of Top Lithium Ion Battery Manufacturers in India
Want to jump straight to my top picks? My favorite Lithium Battery Manufacturers in India.
1. Waaree ESS
WAAREE ESS, founded in 1989, is India's leading lithium-ion battery company, with a headquarters in Mumbai with a global presence of over 68 countries and 2500 workers.
WAAREE ESS is the world-renowned WAAREE group's international high-tech energy storage branch.
A Battery Energy Storage System (BESS) as the name suggests; enables power systems to store energy and enhance the flexibility to use the stored VRE (Variable Renewable Energy) later.
Waaree ESS offers end to end solutions for energy storage including energy power station, commercial ESS, Street Lamp System & many more.
Waaree’s ESS technology is enabled to meet almost every need of its users and also delivers customised solutions for different purposes of the electric power market.
Our ESS provides the economy as well as strong reliability through its long-lasting life, safety and excellent performance. Everywhere in the world – your home, power plant, large-sized office and mobile base station, ESS goes with your everyday life.
Companies Details
2. Loom solar
Amod Anand and Amol Anand launched Loom Solar, a start-up that manufactures solar panels and lithium batteries in Faridabad, Haryana.
It is an ISO 9001-2015 accredited firm and a Government of India recognised start-up.
It has 3500 resellers, 100 workers, two offices, and one manufacturing plant spread across 500 districts in India.
Loom Solar becomes the first lithium battery producer to offer a 6Ah to 100Ah range in the consumer segment through retail channels and online marketplaces as it expands its product portfolio.
Companies Details
3. TDS Lithium-Ion Battery Gujarat Private Ltd.
TOSHIBA Corporation, DENSO Corporation, and Suzuki Motor Corporation.
Are first Lithium-ion Battery Manufacturers in India(Formerly known as Automotive Electronics Power Private Limited) in Gujarat.
To make and supply Lithium-ion batteries to Maruti Suzuki and Suzuki Motor Gujarat.
Suzuki's manufacturing process is based on TOSHIBA's cell technology and DENSO's module technology.
The ownership interest in the Lithium-ion battery joint venture was split 50/40 by Suzuki, TOSHIBA, and DENSO (10%). The lithium-ion battery production factory has cost the three Japanese ventures a total of $180 million.
Companies Details
4. Ola
Ola was one of ten Indian firms to apply for the PLI battery manufacturing scheme. Ola was one of the first few ride-hailing companies to invest in an electric fleet.
Softbank revealed ambitions to run 1 million electric vehicles in India through its company Ola in 2017.
And announced the formation of Ola Electric Mobility Pvt. Ltd., which will lease electric vehicles such as automobiles, buses, and two-wheelers to its partner drivers.
Ola Electric Mobility has stated that it will construct the world's largest electric scooter manufacturing.
Companies Details
5. Amaron
The Amara Raja Group's Amaron is a powerful brand. The Amara Raja Group is an Indian corporation situated in Tirupati, Andhra Pradesh.
The company has operations in automotive battery manufacture, packaged foods and beverages, electronics product manufacturing, infrastructure, power system production, sheet metal fabrication, and fastener fabrication.
The Amaron vehicle battery brand, owned by the Amara Raja Group, is India's second most popular after Exide Industries.
Dr Ramachandra N Galla's Amara Raja Group is one of India's fastest-growing conglomerates, with a $1 billion turnover and a global client base of over a billion people.
Through their engaged workforce, empowered teams, and collaborative leadership, the organisation aspires to better things for the Environment, Society, Customers, Suppliers, People, and Shareholders.
A total of 14,000+ employees from six companies encompassing 14 businesses are actively involved in the company's growth.
Companies Details
6. Exide
Exide Industries is the largest battery manufacturer in India. Exide has just entered the lithium-ion cell manufacturing business.
And plans to participate in the PLI Scheme for the National Programme on ACC battery storage. Exide has a long history of being one of India's most trusted brands With an unrivalled reputation and recall.
Due to our constant focus on innovation, vast geographic reach, strong relationships with marquee clients, and constant technology upgrades with worldwide business partners.
it is a clear frontrunner in the lead-acid storage battery field for both automotive and industrial applications.
It is presently India's leading storage battery manufacturer, with the broadest range of classic flooded and innovative VRLA batteries. The company not only supplies the domestic market.
But it also exports batteries to Southeast Asian and European countries. Exide operates nine sites in India, seven of which are dedicated to batteries and two of which manufacture residential UPS systems.
It is the only company in the country with multiple production plants, all of which are equipped with cutting-edge technology.
Companies Details
7. Amperex Technology Ltd.
ATL is the world's leading manufacturer and creator of lithium-ion batteries.
They're known all over the world for their high-tech, high-volume expertise in designing, manufacturing, and packaging high-quality rechargeable lithium-ion battery cells and packs.
It is a high-tech firm focusing on offering high-quality rechargeable lithium-ion battery cells, packs, and system integration solutions.
As well as innovative technologies, production facilities, and high-quality services.
It is cooperating with world-renowned branded smartphone, tablet, and laptop OEMs, drones, robotics, and power tool specialists, VR/AR pioneers, and other wearable and smart home technology trailblazers to help the world connect better, survive longer, live easier, and fly higher.
Companies Details
8. HBL Power
HBL NIFE Power Systems Limited (Formerly Sab Nife Power Systems) is a Hyderabad-based Indian battery and power systems manufacturer.
The company was formed in 1999 when Hyderabad Batteries Ltd (HBL) and SAB Nife Power Systems Ltd (SAB Nife) amalgamated.
HBL Power Systems Limited is a world leader in advanced-technology batteries (Lead Acid, Nickel Cadmium, and Special Defense).
As well as DC systems for a wide range of industries. HBL is the SECOND LARGEST maker of Nickel-Cadmium batteries in the world, according to their LinkedIn profile.
and the ONLY Indian company utilising PLT VRLA battery technology. HBL products are distinguished for their dependability, safety, cost-effectiveness, durability, and environmental friendliness.
Aircraft batteries were the first goods chosen and successfully developed, eventually leading to HBL delivering the world's largest range of specialist batteries.
Industrial electronics, defence electronics, and railway electronic signalling are some of the new industries and markets that use our batteries. HBL has six manufacturing facilities and three foreign associate firms in India.
Many well-known companies and clients all over the world have used and recommended their batteries and DC UPS systems. With a turnover of $240 million,
They have a stable supply record with clients for their various requirements in Aviation, Defense, Oil & Gas, Process Industries, Power backup applications, Substations, Switchgear, Telecom, and so on.
Companies Details
9. Bharat Power Solutions
Bharat Power Solutions, founded in 2009 and headquartered in Delhi with an annual turnover of ₹10-25 crore.
Is a leading manufacturer, wholesaler, exporter, supplier, and trader of this high-quality variety of Rechargeable Battery Packs.
Lithium-Ion Batteries, Custom Battery Packs, Lithium Iron Phosphate Battery, LiFePO4 Battery Pack, Li Polymer Battery Pack, Nicd Battery Pack, Ni MH Battery Pack, and many other products are available.
This collection is created utilising high-quality materials and cutting-edge machinery in accordance with industry standards.
The product line is known for its application-specific design, long-lasting finish quality, high performance, and lightweight.
Industrial Automation, Power Supply Systems, Railways, Defence, Solar, Wind Power, Battery Enhancement Systems & Varies Utility Industries, Process Control Industry, and Banks & Hospitals are some of the industries that employ these goods.
Companies Details
10. Manikaran Power Ltd.
Manikaran Power Limited (MPL), headquartered in Noida, is a leading energy solutions supplier with a national footprint.
From bringing the first client to Power Exchange in 2008 to being recognised as having the most registered clients in 2019,
The company has grown into a market leader with in-depth knowledge of local open-access markets and regulations.
And is best positioned to offer utilities, generators, and eligible C&I consumers the most optimal power solution from a wide range of options.
Including Exchanges, Bilateral, Group Captive, and both conventional and renewable energy sources. Since launching Gas Exchange in 2020, the company has signed the most clients, establishing itself into a true energy solutions provider.
MPL has maintained a prominent role in the power trading industry since its inception in 2008. Its goal is to provide comprehensive power trading services to suit its clients' short-, medium-, and long-term energy requirements.
MPL, as a power trader, helps its clients maximise their earnings by providing data-driven power market analyses.
It not only sells electricity in the Day-Ahead Market (DAM) through Exchanges,
But it also provides Term Ahead Market services to its customers (TAM). MPL may provide a wide range of services to its clients, including short/medium-term power sale/purchase, bilateral contracts, and power banking.
It also trades Renewable Energy Certificates through Power Exchanges. Bharat Power Solutions is a prominent manufacturer of customised Lithium-Ion Battery Packs. Lithium Ion Battery, Lithium Iron Phosphate Battery, and Lithium Polymer Battery are their main offerings. Their batteries have ISO, CE, ROHS, and other certifications.
Companies Details
frequently asked question
Q1. Which company is the largest producer of lithium in India?
Exide Industries is the largest battery manufacturer in India. Exide has just entered the lithium-ion cell manufacturing business and plans to participate in the PLI Scheme for the National Programme on ACC battery storage.
Q2. Who imports lithium in India?
India's primary lithium battery suppliers are China and Hong Kong. India imports 96 percent of lithium-ion cells and batteries from the two countries, as well as over 70 percent of non-rechargeable lithium items. India imports the majority of its lithium cell requirements.
Q3. Who manufactures lithium-ion batteries in India?
Lithium-ion batteries are manufactured by a number of companies in India. Exide Industries, Amara Raja Batteries, Tata Chemicals, TDS Lithium-Ion Battery Gujarat Private Ltd (TDSG), and others are among them.
Here are my best picks for battery companies in India:
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