India is undergoing a major transition in the way it moves, and at the heart of this shift is the electric vehicle (EV) revolution. With increasing environmental awareness, favorable government policies, and rising fuel costs, EV adoption in India is accelerating at an unprecedented pace. As a result, the demand for high-quality batteries—the most crucial component of any EV—is surging. This has paved the way for the rapid rise of electric vehicle battery manufacturers in India.
EV batteries are not just energy storage units; they are the backbone of the entire electric mobility ecosystem. Their efficiency, safety, and life cycle determine the performance of electric vehicles. As India works toward becoming self-reliant and reducing its dependence on imported battery cells, several domestic manufacturers are stepping up to meet the challenge.
Growth of the EV Battery Industry in India
The Indian government’s initiatives like FAME II, PLI schemes for advanced battery chemistry, and state EV policies have encouraged both startups and established companies to invest in EV battery manufacturing. Localizing battery production reduces costs, improves supply chain resilience, and creates jobs—further boosting the industry.
With the growing need for batteries in electric two-wheelers, e-rickshaws, passenger cars, and commercial EVs, the sector is seeing rapid innovation in lithium battery technologies, battery management systems (BMS), and thermal safety designs tailored for Indian conditions.
Top 10 Electric Vehicle Battery Manufacturers in India
Here’s a look at the top 10 electric vehicle battery manufacturers leading the charge in India’s EV transformation:
1. Aqueouss – Hold the Volt
Aqueouss – Hold the Volt stands at the forefront as India’s No. 1 EV battery manufacturer. Known for its advanced lithium battery packs, Aqueouss delivers high-performance, safe, and customizable energy solutions for electric two-wheelers, three-wheelers, and commercial vehicles. Their in-house Battery Management System (BMS), rapid charging capability, long battery life, and compact design make them a preferred choice for OEMs across India. Aqueouss is redefining battery standards for Indian roads, making them a true leader in innovation and reliability.
2. Exide Industries – Nexcharge
Exide, through its joint venture Nexcharge with Leclanché (Switzerland), has made strong inroads into EV battery solutions, focusing on lithium-ion cell manufacturing and energy storage systems.
3. Amara Raja Batteries
Famous for Amaron batteries, Amara Raja is investing in next-gen lithium-ion battery technologies and expanding its footprint in EV-focused manufacturing facilities.
4. Tata AutoComp Systems
In partnership with Gotion High-Tech (China), Tata AutoComp is producing lithium battery packs for passenger and commercial EVs, supporting Tata’s own EV push and beyond.
5. Okaya Power Group
A trusted name in energy storage, Okaya manufactures both lithium-ion and lead-acid batteries for electric scooters, rickshaws, and other light EVs.
6. HBL Power Systems
HBL is innovating in the lithium-ion and advanced battery segments for EVs and grid storage, with a focus on quality and safety.
7. Luminous Power Technologies
Expanding from power backup solutions, Luminous is entering the EV battery space with lithium-ion batteries optimized for Indian terrain and temperature conditions.
8. Manikaran Power
Manikaran is working on building India’s first lithium refinery and developing localized battery manufacturing solutions to reduce dependence on imports.
9. Panasonic Energy India
Panasonic supplies lithium-ion battery cells and packs, primarily for electric two-wheelers and energy storage systems, and plays a major role in India’s EV component ecosystem.
10. Trontek
Trontek has carved out a niche by supplying affordable and reliable lithium-ion batteries for e-rickshaws and two-wheelers across urban and rural markets.
Conclusion
The rise of electric vehicle battery manufacturers in India reflects the country’s determination to build a sustainable and self-reliant mobility future. With innovation, local production, and policy support, India is set to become a global hub for EV battery manufacturing.
