India is rapidly consolidating its position as a major hub for lithium‑ion battery manufacturing, driven by accelerating adoption of electric vehicles (EVs) and grid‑scale energy storage across the country. Market studies now project India’s cumulative lithium‑ion battery demand to reach well over 130 GWh by the mid‑2030s, supported by both transportation and stationary storage applications. To capture this opportunity, the government’s Production Linked Incentive (PLI) Scheme for Advanced Chemistry Cell (ACC) Battery Storage has already allocated 50 GWh of cell capacity to four bidders, while several other domestic battery players continue to invest outside the PLI framework.
On the manufacturing side, a new wave of large‑scale gigafactory projects is under development. Tata Group’s Agratas unit is building a 20 GWh lithium‑ion cell gigafactory in Sanand, Gujarat, with initial production targeted for 2026 and long‑term plans to scale beyond 20 GWh. International Battery Company (IBC) is developing a prismatic‑cell facility near Bengaluru that will ramp from initial production around 2025 to a planned 10 GWh capacity by 2028. Ola Electric, one of India’s leading electric two‑wheeler manufacturers and a PLI awardee, has already commissioned an initial 1.4 GWh cell line at its Krishnagiri gigafactory in Tamil Nadu and is working toward multi‑GWh expansion through the second half of the decade.
Global OEMs are also deepening their presence. BYD India is expanding from its existing facilities in Tamil Nadu with plans for a large EV and battery complex near Hyderabad, which will include a 20 GWh battery production unit alongside vehicle manufacturing. Vietnamese EV maker VinFast has announced a combined EV and battery manufacturing project in Tamil Nadu, with Indian production expected to begin around 2026 to serve both domestic and export markets. Other international suppliers, such as Panasonic and Chinese lithium‑ion specialists like Tritek, continue to evaluate India as a strategic location for future battery investments, though specific plant capacities and commissioning dates remain at a planning stage.
At the supply‑chain level, India is also investing aggressively in critical battery materials and components. Hindalco Industries, for example, is commissioning a ₹800‑crore aluminium battery‑foil plant near Sambalpur in Odisha, with a 25,000‑tonne annual capacity capable of supporting roughly 100 GWh of cell production per year once fully ramped. Together with initiatives in cell manufacturing, pack assembly, and recycling, these upstream investments are helping India build a more integrated domestic battery ecosystem that can support fast‑growing EV and renewable‑energy markets through the late 2020s and 2030s.
Top 10 Lithium-ion Battery Manufacturers in India
Listed in no particular order
- Tata Chemicals
- Amara Raja Energy & Mobility Limited
- Exide Industries
- Ola Electric
- Okaya Power
- Tritek Battery
- Luminous Power Technologies
- Waaree Technologies Limited (WTL)
- BYD India
- Loom Solar
Tata Chemicals
Established: 1939
Certifications: ISO 9001, ISO 14001
Key Products: Lithium-ion cells, battery recycling services.
Applications: Electric vehicles (EVs), energy storage systems.
Overview: Tata Chemicals, part of the Tata Group, is building capabilities in energy sciences with a strong focus on lithium‑ion battery recycling and materials recovery. The company operates a dedicated Li‑ion battery recycling facility in India that recovers valuable metals from spent batteries, supporting a more sustainable domestic battery supply chain. While Tata Group is developing a large 20 GWh lithium‑ion cell gigafactory in Sanand, Gujarat through its Agratas subsidiary, Tata Chemicals’ primary role is in recycling and materials rather than direct large‑scale cell manufacturing.
Manufacturing: 20 GWh capacity plant in Gujarat (expanding to 40 GWh)
Amara Raja Energy & Mobility Limited
Established: 1985 (battery division in 2001)
Certifications: ISO 9001, QS9000
Key Products: Li-ion cells, battery packs, automotive batteries (AMARON brand).
Applications: Automotive, industrial (UPS, telecom, railways, motive power, defense), light electric vehicles, and energy storage.
Overview: Amara Raja is one of India’s largest lead‑acid battery manufacturers and has been expanding into lithium‑ion technology through pack manufacturing and a planned cell gigafactory. The company operates Li‑ion pack assembly capacities in Tirupati and at its integrated energy storage facility in Divitipally, Telangana, while continuing to supply automotive and industrial lead‑acid batteries under the AMARON brand.
Manufacturing: Manufacturing: Amara Raja is developing a lithium‑ion cell gigafactory at Divitipally with an ultimate target of around 16 GWh of cell capacity and 5 GWh of pack capacity, but the launch of the first 4 GWh cylindrical‑cell phase has been deferred, with commercial production now expected in FY 2027.
Exide Industries
Established: 1947
Certifications: ISO 9001, ISO 14001
Key Products: Lithium-ion batteries, lead-acid batteries.
Applications: Automotive, industrial applications, uninterruptible power supplies (UPS).
Overview: Exide Industries, historically a leading lead‑acid battery player, is transitioning into lithium‑ion through its wholly owned subsidiary Exide Energy Solutions Limited (EESL). EESL currently produces lithium‑ion battery modules and packs at its 1.5 GWh facility in Prantij, Gujarat, using imported cells for EV and stationary applications.
Partnerships: Hyundai Motor Company and Kia Corporation have entered into an agreement with Exide Energy to localize EV battery production.
Lithium-ion Battery Manufacturing: EESL is setting up a 12 GWh greenfield lithium‑ion cell manufacturing plant at Devanahalli, Bengaluru, in two phases of 6 GWh each. Trial production for the first 6 GWh phase is targeted within the current year, with commercial production expected to begin shortly after homologation, effectively starting from FY 2026. The plant will produce multiple form factors (pouch, prismatic and cylindrical cells), supported by technology collaboration with SVOLT and partnerships with OEMs such as Hyundai and Kia for localized LFP EV batteries.
Ola Electric
Established: 2017
Key Products: Lithium-ion batteries for electric scooters and vehicles.
Applications: Electric mobility solutions.
Overview: Ola Electric is India’s largest electric two‑wheeler manufacturer and a key player in localizing EV value chains, including cell manufacturing. The company has also invested in a Battery Innovation Center (BIC) in Bengaluru to develop advanced cells, including its proprietary Bharat 4680 format, and previously acquired Dutch company Etergo BV to strengthen its vehicle engineering capabilities.
Manufacturing: Ola is developing a lithium‑ion cell gigafactory at Krishnagiri, Tamil Nadu, under India’s ACC PLI scheme. An initial cell manufacturing capacity of around 1.4 GWh has been commissioned, with plans to ramp production to several GWh over the second half of the decade rather than immediately to the originally publicised 100 GWh vision. Commercial production of cells begins from FY 2025, with the Krishnagiri site designed for phased expansion that can ultimately scale into the tens of GWh as demand and policy support grow.
Technology and Innovation: The company has invested in a Battery Innovation Center (BIC) in Bangalore for cell R&D. Ola Electric acquired Etergo BV (AppScooter B.V.) to jump-start its own vehicle engineering and design capabilities.
Okaya Power
Established: 2015
Certifications: ISO 9001, ISO 14001, ISO 45001
Key Products: Inverter batteries, SMF/VRLA batteries, E-Rickshaw batteries, solar batteries, home UPS, high capacity UPS.
Manufacturing Capabilities: Okaya has 9 manufacturing plants spread over 16,93,990 sq. ft. area. Okaya also has 2 central warehouses covering 700,000 sq. ft. of area and 31 regional warehouses spanning over 29 states of India. Okaya facilities are equipped with advanced machines.
Overview: Okaya Power Group is a leading conglomerate committed to quality and innovation, with its brand trusted by customers worldwide. Okaya has been a symbol of trust and quality for years, making it a pioneer in the power storage manufacturing industry. They are dedicated to sustainable solutions for the future. Okaya combines advanced technology, comprehensive safety features, and exceptional performance to deliver the best Home UPS and Inverter for Home solutions.
Tritek Battery
Established: 2008
Certifications:ISO 9001, ISO 14001, QC080000, IATF 16949
Key Products: Battery management system, battery, charger, battery swap cabinet.
Application: E-mobility, robot, agriculture, marine, industry.
Overview: Tritek is a leading lithium battery manufacturer providing full-range solutions for light electric vehicle (LEV) batteries and accessories. They offer one-stop solutions, from prototypes to mass production. Tritek partners with world-leading companies for intelligent LEV and electric drive systems.
Manufacturing: Factories in China, and Thailand, and plan to set plant in India.
Luminous Power Technologies
Established: 1988
Certifications: ISO 9001
Key Products: Home UPS and inverters, batteries, solar panels, accessories.
Applications: Home energy storage, solar power systems, mobility.
Overview: With 7 manufacturing units, and more than 28 sales offices in India, Luminous Power Technologies is India’s leading home electrical specialist, offering a wide range of innovative products in power backup and residential solar solutions.
Manufacturing: Luminous has 7 manufacturing units. They recently inaugurated a solar panel factory in Rudrapur, Uttarakhand, spread over 10 acres, with a production capacity of 250 MW, expandable up to 1 GW.
Waaree Technologies Limited (WTL)
Established: 1993
Key Products: Batteries
Applications: Energy storage systems, forklifts, traction, E-bikes, E-rickshaw, telecom, and UPS.
Overview: Waaree Technologies Limited (WTL) is a part of the Waaree Group, an Indian conglomerate with interests in solar energy, instrumentation, and energy storage. WTL is focused on high-tech energy storage solutionS. Waaree Group was started in 1989 and has a presence in over 68 countries with more than 8500 employees.
BYD India
Established: 2007
Key Products: Lithium iron phosphate (LFP) batteries for electric vehicles.
Applications: Electric vehicles, renewable energy storage systems.
Overview: BYD India is a subsidiary of BYD Co. Ltd., BYD is a global leader in electric vehicle manufacturing and lithium battery technology. Its Indian operations focus on providing sustainable transportation solutions.
Manufacturing: BYD has invested over USD 150 million in its Indian facilities and is now reported to be planning a large integrated EV and battery manufacturing complex near Hyderabad, Telangana. The proposed project is expected to support up to 600,000 vehicles annually by 2032 and include an in‑house 20 GWh battery production unit, significantly deepening BYD’s manufacturing footprint in India once implemented.
Loom Solar
Established: 2018
Products: Solar panels, inverters, lithium batteries, AC Modules.
Applications: Home lighting, businesses, and agriculture.
Overview: Loom Solar is an Indian solar company, based in Faridabad, Haryana, that specializes in manufacturing solar panels, inverters, and lithium batteries for residential and commercial needs. They aim to provide access to advanced solar technology across India, including remote areas, via their e-commerce platform. Loom Solar manufactures solar panels ranging from 10W to 575W.
Manufacturing: Loom Solar has one manufacturing unit and six warehouses. Their manufacturing facility is located at Plot No. 21/1 Mathura Road, Faridabad, Haryana – 121006.
Conclusion
In conclusion, India’s rapidly expanding lithium-ion battery manufacturing sector is poised to play a critical role in the global transition to electric mobility and renewable energy. With both established giants and emerging players investing heavily in production capacities, the country is set to meet the growing demand for high-performance, sustainable energy storage solutions. As companies like Tata Chemicals, Amara Raja, Exide Industries, and Ola Electric lead the charge, innovations in battery technology and supply chain integration will continue to shape the future of this industry.
For businesses seeking reliable and advanced battery solutions, Tritek Battery stands out as a key player in the market. With its cutting-edge technology, extensive customization capabilities, and global manufacturing reach, Tritek is ready to meet the diverse energy needs of the future. Whether you’re in e-mobility, robotics, or industrial applications, Tritek offers tailored solutions to power your success. Contact us today to unlock the potential of intelligent battery systems!
