The top 10 lithium-ion battery manufacturing companies in India in 2024 are as follows:
- Servotech Power Systems
Servotech Power Systems was incorporated in 2004. It is based out of New Delhi. It has its manufacturing and R&D plant in Sonipat, Haryana.
It manufacturers its batteries by the application of the latest engineering concepts and high-quality raw materials.
Its manufactured batteries are among the best reliable energy storage solution available in India. They are known for their high efficiency and durability.
They find their application in numerous appliances. For instance, 2/3/4 wheelers, power back-up systems, solar power plants, offices, factories, etc.
It has also established a subsidiary company, Servotech Power Infrastructure, to operate as a charging point for the electric vehicles. This subsidiary company is reliant on the lithium-ion batteries manufactured by Servotech Power Systems.
- Amara Raja Energy & Mobility
Amara Raja Energy & Mobility is a flagship company of the famous Amara Raja Group. It was established by
It is one of the first companies in India to invest in Li-ion technology. It produces Li-ion cells, battery packs and charging solutions for batteries. They are widely used in various electric vehicles and the telecom industry.
It has established a state-of-the-art Gigafactory in Telangana. It has a cell production capacity of 16 GWh. It has a battery pack capacity of 5 GWh. It was established at a cost of Rs 9,500 crore.
It exports its quality batteries to 50 countries across the globe.
- Exide Energy Solutions Limited
It is a subsidiary company of the Exide Industries Limited. It was earlier called Exide Energy Private Limited. EEPL merged into Exide Energy Solutions Limited in March, 2024.
Exide Energy Private Limited was incorporated on 29 September, 2018. It was a joint venture between Exide Industries Limited (EIL) and Leclanche SA (LSA), Switzerland. In November, 2022, the latter exited from the joint venture. Thereafter, Exide Industries Limited became the sole owner of the venture.
Exide Energy Private Limited had its production plant in Prantij, which is situated in the Sabarkantha district of Gujarat. This plant is still functional.
This plant produces lithium ion batteries using the battery management system. They are used for both electric mobility and stationary power application. They are produced under the brand name Nexcharge.
Upon merger into Exide Energy Solutions Limited, the EESL is establishing a 12 Gwh gigafactory in Bengaluru, Karnataka.
Once this plant will become operational, it will further scale up the production of lithium ion batteries.
The Li-ion batteries produced by this organisation uses lithium iron phosphate (LiFePO4) as a raw material. It is the best choice among all available raw materials. It is because of three reason. First, high power density. Second, very high safety. And, third, very long life span of the battery.
- ATLBattery Technology (India) Private Limited
It is the Indian subsidiary company of the world-famous Japanese company, Amperex Technology Limited, the world’s leading producer of lithium ion batteries. It was established in 2020. In India, it is based out of Rewari, Haryana.
It has established a 180-acre lithium-ion manufacturing plot at MT Sohna, near Gurugram. It is the largest lithium-ion manufacturing plant in India.
It produces lithium ion batteries for electric vehicles and mobile phones.
- Tata Chemicals Limited
It is a subsidiary company of the prestigious Tata Group.
It had signed an MoU with the Indian Space Research Organisation (ISRO). Under this MoU, the lithium-ion cell technology developed by ISRO’s Vikram Sarabhai Space Centre (VSSC) was transferred to Tata Chemical.
ISRO had developed this technology for the production of lithium-ion cells for space-based applications, such as rockets, satellites, etc.
However, once it was transferred to the Tata Chemicals Limited, it is being used by the TCL to produce a wide variety of lithium-ion cells of different capacity, energy, size, and power density.
It produces lithium-ion batteries using lithium carbonate (Li2CO3) as a raw material.
It has entered into partnership with famous Indian R&D centres such as ISRO, CSIR-CECRI, and CMET, for indigenously developed lithium ion cells.
It also runs a li-ion battery recycling operations. Its recovery plant is able to recover valuable metals at 99% plus purity level within industry levels of yield. For instance, lithium, nickel, manganese, cobalt, etc.
Its main focus is on electric vehicle market in India.
- 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 with 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 longer life-span.
Fourth, it provides longer back up.
Fifth, it is almost maintenance-free. Hence, it is highly durable.
It specialises in the production of batteries for the electric vehicles.
- Waaree Technologies Limited
It is one of the constituent Indian company of the world famous Waaree Group. Its parent company produces components in the energy storage, solar, and instrumentation domain.
It produces lithium ion cells and batteries for e-rickshaw, e-bicycles, e-bikes, e-forklift, battery energy storage system, telecom, and uninterruptible power supply (UPS).
It endeavours to create India’s top notch “cell to system” technology. It primarily caters to high quality energy storage solutions for electric utilities, energy storage system, and renewable energy applications.
It produces four series of batteries- Liger, Lion, Lynx, and Lit series.
- Loom Solar Private Limited
It is a six-years old start-up. It was established in 2018. It is based out of Faridabad, Haryana. It is certified as per the ISO 9001-2015 certification.
It has its manufacturing plant in Faridabad, Haryana.
It manufacturers lithium-ion batteries, inverters, and solar panels.
- Panasonic Life Solutions India Private Limited
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. Its parent firm is based out of Kadoma, Osaka, Japan.
Its Indian subsidiary’s head-office is in Gurugram, Haryana.
It manufactures lithium-ion batteries and energy storage system using lithium ion batteries.
It manufactures different lithium ion batteries in both coin and cylindrical forms and that too in a wide range of sizes. Hence, they are used in small appliances like digital devices, laptops, to large appliances like electric vehicles.
- Battrixx
It is a division of Kabra Extrusiontechnik Ltd. The latter is one of the two constituent companies of the Kolsite Group.
It manufactures lithium ion batteries for application in a wide range of appliances in the e-mobility sector. Its application ranges from electric bike, two or three-wheeler electric vehicles, electric car, 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.
