Top 10 Lithium-ion battery manufacturers in India


The growth in demand for electric automobiles and other innovative uses is one of the significant reasons in the skyrocketing market for Lithium-Ion batteries. Moreover, Lithium is preferred as they are more eco-friendly and stable than other sorts of minerals. 

Following is the list of the top 10 lithium-ion battery manufacturers in India:

1. Exide Industries:

4.6 out of 5 stars

NSE Listing – Active

Net Worth – ₹7,751 crore ( As of Jan 2022 )

For over 60 years, Exide has been one of India’s top trustworthy firms, with an impeccable record of success. They are definitely the global leader in lead-acid storage batteries used in both automotive and industrial applications.

Their strong emphasis on expansion, substantial global footprint, good rapport with significant clients, and regular technology developments have given them an advantage.

Stock Chart & Price for Excide –

2. Manikaran Power ltd:

4.2 out of 5 stars

NSE Listing – Unlisted

Revenue – Over ₹ 500 Crore ( As of Jan 2022 )

Manikaran Power Limited (MPL) is a well-known company with operations all throughout India. MPL has retained an important place in the energy trading market since its inception in 2008. Its goal is to offer comprehensive energy trading services to meet its customers’ short-, medium-, and long-term energy requirements. MPL, as an energy trader, provides data-driven energy market analyses to its clients in order to let them increase their earnings.

3. Amara Raja Battery:

4.5 out of 5 stars

NSE Listing – Active

Net worth – ₹ 3,655.31 Crore ( As of Jan 2022 )

Amara Raja is a large commercial enterprise in India, with operations spanning from lead-acid battery production to property development (AMARON brand). Amara Raja Batteries Limited, the flagship company of the Amara Raja Group of companies, is one of India’s leading automotive and industrial battery manufacturers. Amara Raja has a business presence in over 32 countries and is on a mission to encompass the world with a diverse product offering.

Stock Chart & Price for Amara Raja Battery-

4. HBL Power Systems: 

4.5 out of 5 stars

NSE Listing – Active

Revenue – Ove ₹ 500 Crore ( As of Jan 2022 )

HBL Power Systems Ltd has been in business since 1977 and is a massive corporation. Technical products or services are the company’s specialty. 

The company’s present growth has given rise to new activities in precision manufacturing, spun reinforced concrete, and ‘efficient and environment-friendly’ technical items, all of which are centered on its technological superiority.

Stock Chart & Price for HBL power Systems-

5. Karacus energy Pvt ltd:

4 out of 5 stars

NSE Listing – Unlisted

Net Worth – Unknown ( Private Company )

Karacus Energy has been servicing the market as one of the leading Lithium Battery Producers in New Delhi, supplying superior quality goods all across India. The provided Lithium ION batteries are used in cutting-edge technologies. Compared to traditional lead-acid batteries, they are more productive and charge quickly. Karacus Energy is one of the most reputable lithium battery manufacturers in Delhi/NCR. Their goal is to make Li batteries of the highest quality, dependability, and endurance. Our goods are both cost-effective and technologically advanced. Before being released onto the market, they are subjected to a series of testing.

6. Euclion energy private limited:

4 out of 5 stars (4 / 5)

NSE Listing – Unlisted

Net Worth – Unknown

Euclion Energy, founded in 2000, has positioned itself as one of India’s leading Lithium Battery providers. The provider is among the biggest sellers of the mentioned items and is based in Noida, Uttar Pradesh. Euclion Energy is on Trade India’s list of certified vendors that offer Top Grade Lithium-ion Batteries and other products. 

7. TDS Lithium-Ion Battery

3.5 out of 5 stars

NSE Listing – Unlisted

Net Worth – Unknown

TOSHIBA Corporation, DENSO Corporation, and Suzuki Motor Corporation are constructing TDSG, India’s first Lithium-ion Battery Production Facility in Gujarat, to manufacture and sell Lithium-ion batteries to Maruti Suzuki and Suzuki Motor Gujarat. 

The shareholding in the Lithium-ion battery strategic alliance is split 50/40 by Suzuki, TOSHIBA, and DENSO (10 percent). The lithium-ion battery manufacturing company has cost the three Big enterprises a sum of 180 million dollars.

8. Telemax India Pvt Ltd:

4 out of 5 stars (4 / 5)

NSE Listing – Unlisted

Net Worth – Unknown ( Private Company )

Telemax India Ind. Pvt. Ltd. is a rapidly expanding battery manufacturer. They produce, upgrade, and develop innovative batteries and related goods to stay current in a fast-evolving environment. They focus on providing exceptional solar and battery goods to meet the potential clients’ demands. Telemax, as a leading manufacturer, offers practically all types of Lithium-Ion Batteries with no flaws. They employ superior quality raw materials to supply durable and finest batteries to their customers. They will provide reasonable pricing because they are a bulk lithium battery manufacturer.

9. Li energy:

4.5 out of 5 stars

NSE Listing – Unlisted ( But sells shares/stocks under ASX )

Net Worth – ₹ 790 Crore

In order to assure a prosperous future for EVs and clean energy, Li Energy has established a lithium-ion battery facility in India. It has a yearly output potential of 1.2 gigawatts (India’s largest lithium-ion battery manufacturing facility).

The firm employs prismatic lithium iron phosphate energy storage, which is excellent for the Market in India since it is secure, robust, and cost-effective and can continue controlling the temperature. It was established in 2019 and is a private corporation situated in Chennai, Tamil Nadu.

10. Inverted Energy Private Limited:

4 out of 5 stars (4 / 5)

NSE Listing – Unlisted

Net Worth – Unknown ( Private Company )

Inverted Energy is India’s major lithium battery manufacturer. Inverted is a global specialist in Lithium batteries, with a range of products spanning from 12 Volts to 10 M.W. Inverted Energy offers a diverse array of lithium batteries, from solar to electric car batteries. Inverted Energy presently provides batteries for several of India’s most well-known electric car companies.

These are some of the prominent lithium-ion battery manufacturers in India.

Read: Lithium-ion battery manufacturers listed in NSE

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