2023 Top 10 Battery Manufacturers in India

India has experienced a significant transformation in its energy sector, particularly in the field of batteries. With the rise of mobile technology, electric vehicles (EVs), and renewable energy storage solutions, the demand for high-quality batteries has skyrocketed. As a result, battery manufacturers in India have stepped up to the challenge, making impressive strides in research, design, and production. In this article, we will shine a spotlight on the top 10 battery manufacturers in India, focusing on leaders in mobile battery production, lithium-ion expertise, and electric vehicle battery innovation.

2023 Top 10 Battery Manufacturers in India
2023 Top 10 Battery Manufacturers in India

1. Exide Industries Limited

Heading the list is Exide Industries Limited, one of the largest and most renowned battery manufacturers in India. With decades of experience, Exide has a broad portfolio covering automotive, industrial, and submarine batteries. As for lithium-ion battery manufacturers in India, Exide is expanding its reach in this domain as well, positioning itself as a key player in the energy storage and electric vehicle markets.

2. Amara Raja Batteries Ltd.

Amara Raja Batteries is a renowned name in the battery manufacturing industry. Known for their flagship brand ‘Amaron,’ they have significantly impacted the automotive and industrial battery segments. As one of the leading lithium-ion battery manufacturers in India, Amara Raja is accelerating its stride into the EV market, emphasizing the production of high-quality EV batteries.

3. Tata Chemicals Limited

Tata Chemicals Limited has made a name for itself as a significant lithium-ion battery manufacturer in India. With its recent focus on sustainable energy solutions, Tata Chemicals is investing in state-of-the-art lithium-ion battery production, positioning itself as a leading electric vehicle battery manufacturer in India. Their commitment to EVs is evident in the quality of the EV batteries manufacturers in India have come to expect.

4. Luminous Power Technologies

Luminous Power Technologies is widely respected for its home inverter and battery solutions. It is stepping into the realm of electric vehicle batteries, as is evidenced by its recent products and service offerings. By leveraging its strong market presence in the power backup sector, Luminous is tapping into the potential of EV battery manufacturing in India.

5. Okaya Power Group

A diverse and dynamic company, Okaya Power Group has established itself as a solid player among battery manufacturers in India. Okaya is not only known for its heavy-duty inverters and lead-acid batteries but is also making significant investments in electric vehicle battery solutions, thereby contributing to the vibrant landscape of EV battery manufacturers in India.

6. HBL Power Systems Limited

HBL Power Systems is recognized for its tailored engineering solutions and batteries. They have a strong foothold in the aerospace, defense, and railway sectors and are now bringing their engineering prowess to the EV battery market. As lithium-ion and EV batteries manufacturers in India look to innovate, HBL is one to watch.

7. Reliance Industries – Jio-bp

The collaboration between Reliance Industries and bp, known as Jio-bp, is set to revolutionize the EV battery space in India. This joint venture aims to capitalize on the burgeoning electric vehicle market by developing robust and reliable EV battery solutions suited for Indian conditions. Their ambitious plans highlight the future of ev batteries manufacturers in India.

8. Mahindra Electric Mobility Limited

Mahindra Electric, a part of the larger Mahindra Group, is a pioneer in the Indian electric vehicle market. Beyond vehicle manufacturing, the company is deeply involved in developing battery packs and has ventured into the race to become one of the top electric vehicle battery manufacturers in India with high-capacity batteries.

9. Livguard Energy Technologies

Livguard Energy Technologies is a company that specializes in energy storage solutions and power backup systems in India. Established relatively recently, it has been growing rapidly and has a diverse portfolio of products that include automotive batteries, inverters and inverter batteries, stabilizers, and residential solar solutions. The brand has been marketed as one that delivers innovation and cutting-edge technology in its products, aiming to cater to the evolving needs of the modern consumer.
Livguard is known for its emphasis on quality and delivering reliable products, which is evident in their extensive research and development efforts. They have strategically built a network across India to ensure easy availability and customer service. The brand has also engaged positively with renewable energy solutions by introducing solar batteries and inverters considering the increasing demand for sustainable and clean energy sources.

10. Panasonic Energy India Co. Ltd

Panasonic Energy India Co. Ltd., part of the Panasonic Corporation, is an established company in India focused on the production and sale of dry cell batteries and lighting products. Panasonic, a conglomerate based in Japan, is a globally recognized brand with an extensive history and a diverse range of products in various sectors, including consumer electronics, appliances, automotive, and industrial systems.

In India, Panasonic Energy has been known for its quality and reliability in battery products. It offers a wide variety of batteries including zinc-carbon batteries, alkaline batteries, and rechargeable batteries, catering to both retail and industrial needs. The company emphasizes high standards of manufacturing, innovation, and environmental responsibility. Panasonic is committed to sustainability and aims to contribute to energy conservation and reducing the environmental footprint through their ‘eco ideas’ strategy.

India’s battery sector is also experiencing growth in lithium-ion battery manufacturing with companies like Tata Chemicals, Mahindra Electric, and others making forays into this area, driven by the increasing demand for electric vehicles and renewable energy storage solutions. Additionally, there is a push for more domestic manufacturing under the government’s “Make in India” initiative, which may result in new entrants or changes in the rankings as the industry evolves.

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