Top 10 Lithium-Ion Battery Manufacturers in India

Top 10 Lithium-Ion Battery Manufacturers in India

India is witnessing a huge surge in the demand for Electric vehicles and with it lithium-Ion batteries. According to reports, the lithium-ion battery industry in India is valued to be around $300 billion. Traditional battery manufacturers like Exide and Amar Raja have already entered this EV segment through li-ion batteries and diversified their portfolio.

The Indian government has pledged Rs. 18100 Crore for storage space and production of electric vehicle batteries (for electric scooters and Electric cars)  to encourage the adoption of EVs in India.

The Indian Space Research Organization (ISRO) has signed a memorandum of understanding with Bharat Heavy Electronic Limited BHEL on the production of lithium-ion batteries for electric vehicles in India. Also in June’21, ISRO  announced its decision to transfer its lithium-ion battery technology to the Indian industry on a non-exclusive basis for use in cars.

Top 10 Lithium-Ion Battery Manufacturers in India 

  1. Li Energy
  2. Exide Industries Ltd
  3. Amara Raja Batteries Ltd.
  4. HBL Power Systems Limited
  6. Luminous Technology Pvt. ltd
  7. OKAYA Battery Manufacturing Company
  8. Su-Kam Power Systems
  9. Future Hi-Tech Lithium-Ion Battery Manufacturers
  10. Euclion Energy Private Limited 


  1. Li Energy

Li Energy has set up one of India’s largest lithium-ion Gigafactory at Chennai, Tamil Nadu. Poised to be one of the largest li-ion battery facilities in India, Li Energy has a 1.2 gigawatts per year production capacity.

Founded in 2019, the company excels in producing LiFePO4 (LFP) batteries which are ideal for the Indian subcontinent as they are low-cost, safe, and have better thermal management than their counterparts Li-ion (NMC).

  1. Exide Industries Ltd

Exide Industries Ltd is among the largest producer of lead-acid batteries for industrial and automobile use in India. Recently, they have announced a joint venture with Leclanche to design and manufacture lithium-ion batteries in India to bolster the market and promote the adoption of electric vehicles in India.

Exide Industries, the 4th largest battery manufacturer in the world, has subsidiaries in Singapore, the UK, Sri Lanka, and exports to more than 45 countries.

  1. Amara Raja Batteries Ltd.

The Amara Raja group, based out of Tirupati is India’s 2nd most popular battery manufacturer behind Exide.  It is one of the country’s fastest-growing conglomerates with a turnover in excess of Rs 7000 Crore. 

Amar Raja Batteries Ltd. is going to set up a massive lithium manufacturing facility in Andhra Pradesh and is currently the largest producer of the same in India.

  1. HBL Power Systems Limited.

HBL Power Systems Limited is based out of Hyderabad and is a power system and battery manufacturer. HBL is the only Indian company to use the PLT VRLA battery tech. 

The HBL Group provides its technology to various sectors including  Defence, Aviation, Oil & Gas, and Process Industries.  The company has a turnover of Rs. 2000 Crore and is setting up prismatic cells manufacturing facility.  


Waaree Energy Storage System [WAAREE] is one of the country’s largest solar power companies and also a prominent brand in battery manufacturing. 

The company fabricates solar batteries, Li-ion batteries, power plant backup systems thanks to their all-new Li-ion battery manufacturing facility.

WAARREE batteries are certified to global standards and have a high customer satisfaction score.

  1. Luminous Technology Pvt. ltd

Luminous Power Technologies Private Limited is a very well-known name among automotive battery manufacturing companies in India, it manufactures batteries for home and commercial use.

The company has expanded its operations worldwide with close  to 30  offices and more than 60,000 distribution partners and is also one of the largest lithium-ion battery manufacturers in India

  1. Su-Kam Power Systems

Su-Kam is a leading solutions provider for power back up to residential and industrial domains. They are also focused on the solar energy market.

The company has its market share in not less than 70 countries with more than 2700 dealer-distributor networks. 

  1. OKAYA Group

The Okaya Group is one of the leading company that produces high quality solar battery, E-rikshaw battery, VRLA battery manufactured under the brand names Okaya, Digipower, and Mtekpower. 

All the batteries manufactured are ISO certified. The company has 9 manufacturing plants and 33 warehouses pan India. It has a dealer distributor network of close to 40,000. 

  1. Future Hi-Tech Batteries

Future Hi-Tech Batteries are one of India’s first Lithium-Ion battery manufacturers. They produce more than 800 types of battery packs. Along with Lithium-ion batteries, the company also provides a smart BMS (Battery Management System). 

The company recently launched its new product – a customized battery pack for 4 wheeler vehicles. This module is built with an automotive-grade cell bracket which gives ample voltage insulation. 

  1. Euclion Energy Private Limited

Euclion Energy Private Limited was established in 2000 and is one of the country’s leading lithium-ion manufacturers. Based out of Noida, the company offers high-grade li-ion batteries. 

Euclion Energy is listed in Trade India’s list of verified li-ion battery pack sellers.