Top 10 Lithium-ion Battery Manufacturers in India | Manufacturers & Official Website 2025

Top 10 Lithium-ion Battery Manufacturers in India

The India Lithium-ion Battery Market has been experiencing significant growth over the past few years. This can be attributed to the increasing demand for renewable energy sources and technological advancements in electric vehicles. However, this growth would not be possible without the contribution of key players in the market. Production companies are at the forefront of high-quality lithium-ion batteries that meet the requirements of various industries such as automobiles, home appliances, and energy storage systems. These companies invest heavily in research and development to increase the performance, safety and economic efficiency of lithium-ion batteries.

Various government initiatives such as subsidies, tax benefits, and policies that contribute to the use of electric vehicles were important in managing the demand for lithium-ion batteries in India. These initiatives also encouraged businesses to invest in domestic production of lithium-ion batteries, leading to an increase in the market. Many companies can form strategic alliances with other market players, strengthen their positions, and access new technologies. This has led to cooperation between Indian and foreign companies, leading to increased investment and achievement in the production of lithium-ion batteries. According to 6Wresearch, India Lithium-ion Battery Market size is estimated to rise at a significant CAGR of 12% during 2025-2031.

List of the Leading Companies in the India Lithium-ion Battery Market

1. Exide Industries Ltd.

Exide Industries Ltd. is one of the leading manufacturers and suppliers of automotive and industrial batteries in India. The company also manufactures lithium-ion batteries for electric vehicles. Exide's lithium-ion battery plant, located in Haldia, West Bengal, has a production capacity of 1 gigawatt-hour (GWh) per year. In addition to electric vehicles, the company also caters to various sectors such as telecom, power storage, and renewable energy.

2. Amara Raja Batteries Ltd.

Amara Raja Batteries Ltd. is another prominent player in the Indian lithium-ion battery market. The company has a state-of-the-art lithium-ion manufacturing facility in Andhra Pradesh with an annual production capacity of 100 MWh. In addition to electric vehicles, Amara Raja also supplies batteries for various applications such as industrial, telecom, and UPS.

3. Reliance Industries Ltd.

Reliance Industries Ltd. is a multinational conglomerate with business interests in various sectors, including energy, petrochemicals, and telecommunications. The company also has a presence in the lithium-ion battery market through its subsidiary Reliance Advanced Energy Storage (RAES). RAES has set up a battery manufacturing plant in Gujarat with an annual production capacity of 1.35 GWh.

4. Tata Chemicals Ltd.

Tata Chemicals Ltd., part of the Tata Group, is one of the leading producers of chemicals and fertilizers in India. The company has diversified into the lithium-ion battery market through its subsidiary Tata Chemicals Energy Solutions (TCES). TCES manufactures lithium-ion cells and batteries for various applications, including electric vehicles.

5. Mahindra & Mahindra Ltd.

Mahindra & Mahindra Ltd. is a major player in the Indian automobile industry with a wide range of vehicles, including electric cars and commercial vehicles. In addition to manufacturing electric vehicles, the company also produces lithium-ion batteries at its plant in Chakan, Maharashtra, with an annual production capacity of 100 MWh.

6. Suzuki Motor Gujarat Pvt. Ltd.

Suzuki Motor Gujarat Pvt. Ltd., a subsidiary of the Japanese automobile giant Suzuki Motor Corporation, has set up a lithium-ion battery plant in Hansalpur, Gujarat. The plant has been established to cater to the growing demand for electric vehicles in India and has an annual production capacity of 1 GWh.

7. BHEL (Bharat Heavy Electricals Ltd.)

Bharat Heavy Electricals Ltd. (BHEL) is a leading manufacturer of power generation equipment and industrial products in India. The company has diversified into the lithium-ion battery market and has set up a manufacturing facility in Bengaluru with an annual production capacity of 200 MWh.

8. Luminous Power Technologies Pvt. Ltd.

Luminous Power Technologies Pvt. Ltd., a subsidiary of Schneider Electric, is a major player in the Indian power backup market. The company has also forayed into the lithium-ion battery market and manufactures batteries for electric vehicles at its facility in Baddi, Himachal Pradesh.

9. Okaya Power Pvt. Ltd.

Okaya Power Pvt. Ltd., a subsidiary of Okaya Group, specializes in manufacturing lead-acid batteries for various applications such as automotive, industrial, and solar energy storage systems. The company has recently entered the lithium-ion battery market by setting up a plant with an annual production capacity of 500 MWh in Baddi, Himachal Pradesh.

10. Livguard Energy Technologies Pvt. Ltd.

Livguard Energy Technologies Pvt. Ltd., a subsidiary of SAR Group, is a manufacturer of automotive and industrial batteries in India. The company has also ventured into the lithium-ion battery market and has established a production facility with an annual capacity of 1 GWh in Manesar, Haryana.

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