In recent years, India has emerged as a rapidly growing hub for lithium-ion battery manufacturing, driven by the surge in demand for electric vehicles (EVs) and energy storage solutions. With projections indicating that India’s lithium-ion battery demand will reach 139 GWh by 2035, primarily fueled by the burgeoning EV market, both local and international players are eager to invest in this sector.
The Indian government has introduced a production-linked incentive (PLI) scheme to support this growth, offering significant financial incentives to companies that establish or expand battery manufacturing capacities in the country. In line with this, Japanese giant Panasonic held talks with senior Indian officialsabout establishing a battery manufacturing plant in India, with a potential capacity of 20 GWh per year. Additionally, Vietnamese EV maker VinFast also plans to build a battery manufacturing plant in India to support its expansion in the region. Shenzhen Tritek Limited, as a leading lithium battery manufacturer in China, also plans to set a plant in India.
Local Indian manufacturers are equally ambitious. The Tata Group signed an agreement to build the country’s first lithium battery super-factory in Gujarat, with an initial design capacity of 20 GWh per year, which could later expand to 40 GWh. Meanwhile, Indian battery maker International Battery announced plans to construct a $1 billion factory to produce its proprietary prismatic batteries, set to start production in 2025, with a target of 10 GWh by 2028. Ola Electric, India’s largest electric two-wheeler company, secured ₹32 billion (approximately $385 million) in funding to build its own lithium battery plant, with production expected to begin in 2025.
In addition to battery manufacturing, India is focused on building a complete battery supply chain. Hindalco Industries, for example, will invest ₹8 billion ($96 million) to set up an aluminum foil manufacturing plant in Odisha, set to begin operations by mid-2025, aiming to supply the growing electric vehicle market. With these initiatives and the government’s supportive PLI scheme, India is positioning itself as a key player in the global lithium battery market.
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 is part of the Tata Group and is involved in various sectors, including chemicals, crop nutrition, and consumer products. The company is expanding into energy sciences with a focus on lithium-ion batteries and energy storage solutions. Tata Chemicals has launched a recycling plant to recover valuable materials from spent batteries.
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 the largest manufacturers of lead-acid batteries for both industrial and automotive applications in India, and the flagship company of the Amara Raja Group. They were the first company to manufacture Valve Regulated Lead-Acid (VRLA) batteries in India. They offer Li-ion cells, battery packs, and charging solutions for light electric vehicles and the telecom industry.
Manufacturing: Amara Raja has the world’s largest integrated MVRLA plant in Yadamarri, Chittoor, Andhra Pradesh, India. They are also working on a Gigafactory for Li-ion batteries in Divitipally, Hyderabad, Telangana, spread over 265 acres.
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: An Indian storage battery company that is transitioning towards lithium-ion technology. Exide Industries are setting up a greenfield lithium-ion cell manufacturing plant in Bengaluru.
Partnerships: Hyundai Motor Company and Kia Corporation have entered into an agreement with Exide Energy to localize EV battery production.
Lithium-ion Battery Manufacturing: Exide is venturing into the manufacturing of lithium-ion cells, modules, and packs through its subsidiary, Exide Energy Solutions Limited (EESL). EESL is setting up a 12 gigawatt-hour (GWH) green-field cell manufacturing plant in two phases of 6 GWH each in Bengaluru, Karnataka. EESL is currently engaged in the production, assembly, and sale of lithium-ion battery modules and packs through its operating plant based out of Prantij, Gujarat. The Bengaluru plant will specialize in various cell types, including pouch, prismatic, and cylindrical formats.
Ola Electric
Established: 2017
Key Products: Lithium-ion batteries for electric scooters and vehicles.
Applications: Electric mobility solutions.
Overview: Ola Electric focuses on manufacturing electric scooters and has plans to establish a significant lithium-ion battery production facility to support its EV offerings.
Manufacturing: Ola is setting up a lithium-ion cell manufacturing facility (Ola Gigafactory) in Krishnagiri, Tamil Nadu. The Gigafactory’s initial capacity is 5 GWh, with plans to expand to 100 GWh. Commercial production is anticipated to commence in 2025.
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 since established two factories in India with a cumulative investment of over 150 million USD. BYD’s manufacturing operations are based in the Sriperumbudur plant in Tamil Nadu.
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!
