In 2024, the 10 major lithium-ion battery companies in India are as follows:
- Battrixx
It is a division of Kabra Extrusiontechnik Ltd. The latter is one of the two constituent companies of the Kolsite Group. The other company is Plastiblends India Ltd.
It was founded in 2009. It is based out of Andheri (West), Mumbai, Maharashtra.
It has established a state-of-the-art plant for design, development and production at Chakan, Pune.
It focuses on developing future technologies, such as green energy systems and solutions. Its products provide batteries to electric vehicles and green energy storage system.
Its flagship products are lithium-ion battery packs and modules for e-vehicles.
It manufactures lithium ion batteries for application in a wide range of appliances in the e-mobility sector. Its lithium-ion batteries find application in electric bikes, two-wheel electric vehicles, three-wheel electric vehicles, electric cars, electric passenger vehicles, light commercial electric vehicles, and electric tractors.
Besides, it also manufactures lithium ion batteries for application in electric forklift, electric golf cart, and devices used in the marine environment.
- Contemporary Amperex Technology Co. Ltd. (CATL)
It is a Chinese lithium-ion battery manufacturing company. It was founded in 2011. It is based out of the city of Ningde, which is situated in the Fujian province of China.
This company started as a spin-off of Amperex Technology Limited (ATL), which was founded in 1999.
It specialises in the manufacturing of lithium-ion batteries for electric vehicles, energy storage systems, and battery management systems.
As per the data available from 2023, it is the world’s largest lithium-ion battery manufacturer for electric vehicles. Its global market share was around 37%.
It has established 13 manufacturing plants and six research and development centres across the world. However, it does not have any manufacturing plant in India. It is merely a supplier of lithium-ion batteries in India.
- Exicom Tele-Systems Limited
It was founded in 1994. Its head-office is in Gurugram, Haryana.
It provides state-of-the-art lithium-ion cells for EV chargers, battery systems, and industrial power systems.
It exports lithium-ion cells to 15 countries in the world.
Its specialisation is in the production of lithium-ion cells for the telecom industry.
- Grinntech Motors & Services Pvt. Ltd.
It was founded by two entrepreneurs, Mr. Puneet Jain and Mr. Nikhilesh Mishra. It is based out of Chennai, Tamil Nadu.
It has established a state-of-the-art lab for developing new advanced lithium-ion cells. It puts into application data driven advanced algorithms.
It specialises in developing high-quality and affordable energy storage solutions. It is vociferously working towards fulfilling the aim of electrification of all mobility vehicles.
It manufactures lithium-ion cells for electric cycles, robots, 2-wheeler automobiles, 3-wheeler automobiles, small commercial vehicles, light commercial vehicles, heavy commercial vehicles, etc.
- Panasonic Life Solutions India Pvt. Ltd.
It was established on 14 July, 2006, as Panasonic India Private Limited. With effect from 1 August, 2022, it changed its nomenclature to Panasonic Life Solutions India Private Limited. It was done to bring all businesses of the Panasonic Group in India under one roof.
It is the Indian subsidiary company of the Panasonic Group, which is based out of Kadoma, Osaka, Japan.
Its head-office is in Gurugram, Haryana.
It specialises in the production of lithium-ion cells for use in the automotive industry.
It has formed a joint venture with the Indian Oil Corporation Ltd. (IOCL) to manufacture cylindrical lithium-ion batteries. Such batteries are used in electric vehicles, power tools, and consumer electronics.
- Gotion Inc.
It is a multi-national lithium ion battery manufacturing company. It aims to create the next generation of battery technologies for all new energy automotive.
It is a conglomeration of many battery developing technology companies. Its largest stakeholder is the German automaker Volkswagen.
Its head-office is in Fremont, California, United States of America.
It has six manufacturing plants spread across five countries of the world- namely, the USA, Germany, Japan, China, and Singapore.
It has established its R&D centre in Hefei, China. It researches new technology for the production of lithium ion batteries.
It does not manufacture any lithium ion batteries in India. It merely supplies lithium ion batteries in India.
In June, 2024, Indian lithium ion battery manufacturer, Amara Raja Energy and Mobility Ltd., signed a licensing agreement with Gotion Inc., for the indigenous production of lithium-ion batteries using iron phosphate as a raw material.
- LG Energy Solution Ltd.
LG Energy Solution Ltd. is the successor company of LG Chem Energy Solution Business Division. The latter was established in 1992. It was functional till 2020. It had begun research on lithium-ion batteries in 1992.
In 2020, LG Chem approved the split-off of its battery business. Resultantly, after the split, LG Energy Solution Ltd. was established. It is based out of Seoul, South Korea.
It manufactures lithium-ion batteries for application across all dimensions, spanning across land, sea, air, and space.
It manufactures lithium-ion batteries for three segments- advanced automotive battery, mobility and IT battery, and ESS battery enterprises.
It is the first supplier of lithium-ion batteries for battery-powered spacesuits manufactured for use by the National Aeronautics and Space Administration (NASA).
Besides, it is the supplier of lithium-ion batteries for the world’s first eco-friendly hybrid ship made by a Norwegian shipbuilding company. Also, it supplies lithium-ion batteries for drones.
In 2020, LG Chem and General Motors entered into collaboration and established Ultium Cells, a joint venture for the production of lithium-ion batteries for electric vehicles.
- Samsung SDI India Pvt. Ltd.
It is the Indian subsidiary company of Samsung SDI Co., Ltd. Its parent firm is headquartered in Yongin, Gyeonggi-do, South Korea. It is a battery and electronic materials manufacturing company.
It has a manufacturing plant in Noida, Uttar Pradesh. Besides, it has a sales network office in Bengaluru, Karnataka.
It manufactures lithium-ion cells in all sizes, ranging from small, mid to large-sized cells.
They are used in a wide range of applications. For instance, electric vehicles, energy storage systems, power devices, IT devices, micro mobility purposes such as electric bikes, electric scooters, electric motorcycles, and robots.
- Toshiba India Pvt. Ltd.
It is the Indian subsidiary company of the Toshiba Group. It is headquartered in Gurugram, Haryana.
In 2018, Suzuki, Toshiba and Denso founded a joint venture company, TDS Lithium-Ion Battery Gujarat Private Limited (TDSG), for the production of automotive lithium-ion-battery packs in India.
In 2023, the battery division of Toshiba India Pvt. Ltd. signed an agreement with EVage. The latter is a key supplier for electric commercial vans. As per the agreement, it will supply SCiBTM lithium-ion batteries. They would be used for a wide range of applications. For instance, electric vehicles such as electric buses, electric cars, industrial applications such as power plants, elevators, infrastructure applications such as in container cranes, and data centres.
- Okaya EV Private Limited
It is a subsidiary company of the Okaya Power group. It specialises in producing lithium-ion batteries for electric vehicles, charging, and battery swapping solutions.
It produced India’s first lithium-ion battery. It gave it the name Okaya Royale. It is produced in two variants. First, Okaya Royale. And second, Okaya Royale XL.
Its production process is certified as per the ISO 14001:2004 certification.
It is the third-largest battery manufacturer in India. Besides, it is the leading charging station manufacturer in India.
The lithium-ion batteries produced by Okaya EV Private Limited have the following special features:
First, less weight and compact size.
Second, it recharges at a very fast rate.
Third, it has a longer life-span.
Fourth, it provides a longer back up.
Fifth, it is almost maintenance-free. Hence, it is highly durable.
It specialises in the production of batteries for electric vehicles.
