India’s electric vehicle (EV) ecosystem is rapidly evolving supported with government incentives and technological advancements, and a growing focus on sustainable mobility. The manufacturers of motors, batteries, Battery Management Systems (BMS) and controllers are essential to India’s transition. They are also meeting domestic needs while establishing India as a global powerhouse for EV parts.
Let’s explore in detail the 10 leading companies that will drive India’s EV supply chain in 2025.
1. Exide Industries
Exide Industries, established in 1947, is a leading battery manufacturer in India. While Exide was previously recognized as a manufacturer of lead-acid batteries, the company is now moving into the EV space. Exide Energy Solutions Ltd. (EESL), a subsidiary of Exide has responsibility for lithium-ion battery production. One important development is building a 12 GWh greenfield lithium-ion cell plant in Bengaluru, with the 6 GWh plant starting this fiscal year.
Exide’s partnerships have enhanced its EV initiatives. The partnership with Hyundai Motor Co. and Kia Corp aims to localise EV battery manufacturing in India, specifically lithium-iron-phosphate (LFP) cells. This partnership is particularly important to strengthen these two companies’ competitiveness in India’s emerging EV segment.
From a financial standpoint, Exide has committed nearly INR 3,600 crore to EESL and has been cleared by its board to further invest an additional INR 1,200 crore in the current fiscal year. With its well-established distribution network and extensive history of trust in India, Exide is well positioned to contribute to India’s move toward electric transportation.
2. Amara Raja Batteries
Environmental technologies like EVs are now mainstream and can be used for many more purposes than before. Amara Raja Batteries, best known for its Amaron brand, has historically been a significant player in the battery market in India, including the automotive segment. Additionally, to position itself in a changing market and electric mobility, Amara Raja Batteries has also begun using lithium-ion batteries. The licensing agreement with Gotion High Tech Co., a leading EV Battery Company based in China, is an important source of arecent technological breakthrough with lithium iron phosphate chemistry. Further, these relationships are critical for establishing gigafactory facilities in India and assisting Amara Raja’s access to Gotion’s international supply chain.
The company plans to invest upwards of ₹9,500 crore over the next ten years to build a lithium cell gigafactory with a production capacity of up to 16 GWh and a battery pack assembly plan with a capacity of 5 GWh. The first phase of the factory, which has an initial capacity of 2 GWh, is expected to commence commercial operations by the end of 2025-26.
Amara Raja’s dedication to innovation and sustainability makes them a major player in India’s EV components.
3. Greaves Cotton
Greaves Cotton has a great technical heritage and has recently focused on the electric vehicle market through a series of investments and acquisitions. The purchase of Ampere Vehicles marked Greaves’ entry into the market for electric two-wheelers and the purchase of Excel ControlLinkage boosted its control system offerings.
Greaves Cotton unveiled its complete mobility solutions at the Auto Expo 2025, comprising electric two-wheelers, three-wheelers and electric powertrains. It is focusing on clean technology powertrain products, like engines and control systems, to ensure they offer sustainable methods of transportation. Greaves Cotton has partnered with Chara Technologies to create rare-earth-free EV motors, with the purpose of up to 50% energy savings and a 30% lower CO₂ emissions.
Given Greaves Cotton’s massive footprint, the company is strategically positioned to capitalize on the increasing demand for electric vehicles in India.
4. Rockman Industries
Rockman Industries has progressed from manufacturing bicycle components to provide a full spectrum of auto components, as a member of the Hero Group. It has grown to exhibit manufacturing capabilities for aluminium die casting components, machined assemblies, carbon composites, and it has added capabilities with electrical components and carbon fibre material to serve the electric vehicle market.
Rockman also acquired Moldex Composites to build cross capabilities in high-value added car components that are used in aero and motorsport. With eight production locations in India, Rockman produces components for leading automotive players Hero MotoCorp, TVS, Honda and Tata Motors. The company is regularly engaging with prospects in different automotive verticals to promote its smart transportation solutions at events such as the Bharat Mobility Global Expo 2025.
Rockman’s focus on lightweight and fuel-efficient components positions the company with the rise in demand in the automotive OEM space that is estimated to grow to USD 58.7 billion by 2034.
5. Varroc Engineering
Varroc Engineering, an automotive parts manufacturer founded in 1990, is able to provide high-quality automobile components to customers worldwide. The company’s product offerings consist of external illumination systems, powertrains, electrical and electronic components, and body and chassis parts. Varroc is a key player in the expanding EV components business with 35 manufacturing facilities and 11 engineering centres in ten countries.
Varroc showcased its innovative e-mobility solutions at the Bharat Mobility Global Expo 2025, which included home-grown traction motors, controllers, chargers and DC-DC converters, all focusing on improving the economics of electric vehicles using light weighs designs, optimised battery performance, and strong overall R&D support.
Varroc Engineering recorded revenue of INR 20.8 billion in the first half of FY2025, and with new orders pushing its peak annualised revenue highest in special order book, INR 6 billion. The company’s innovation in not just the India market but also the global market is positioned well to be a key player in the EV supply chain in India.
6. Napino Auto & Electronics Ltd
One of the top suppliers of automotive electrical products is Napino Auto & Electronics Ltd., which has its headquarters in Gurgaon. Electric motors (BLDC), controllers, BMS, and wire harnesses for the two- and three-wheeler markets are among the products in the company’s portfolio.
Important EV OEMs like Ather Energy are among Napino’s clients, highlighting the company’s significance in the EV ecosystem. Napino demonstrated its state-of-the-art smart goods, connected solutions, and electrification innovations at the Auto Component Show 2025. Additionally, the business has established a production line in Halol to start producing the exclusive goods of EVR Motors.
Napino, which prioritises quality and innovation, is positioned to be a key player in India’s transition to electric vehicles.
7. Wardwizard Innovations & Mobility Limited
Vadodara-based Wardwizard Innovations & Mobility has made great strides in the EV sector. With plans to expand to 200,000 vehicles annually, the company’s Vadodara plant can currently produce 9,000 cars per month.
In March 2023, Wardwizard took a significant step forward in its EV efforts by starting up a lithium-ion battery assembly line with a 1 GWh capacity. To speed up battery technology development, the company has also signed a strategic Memorandum of Understanding (MoU) with C4V, a renowned lithium-ion battery technology company based in New York.
Wardwizard is dedicated to advancing innovation in the EV market, as evidenced by its investments in cutting-edge Li-ion cell manufacturing and the opening of a global research and development headquarters in Singapore.
8. Rizel Automotive
Hyderabad’s Rizel Automotive is leading the charge towards EV motor technology that is efficient, lightweight, and affordable. From 20kW to 150kW range, Rizel specializes in Permanent Magnet Synchronous Motors (PMSM) for heavy trucks, three-wheelers, and four-wheelers.
Additionally, Rizel is developing motors for two- and three-wheeler applications that range in power from 2kW to 20kW. To advance EV motor technology in India, Rizel works with OEMs and retrofitting companies. With plans to establish a first manufacturing facility in Oragadam, Tamil Nadu, MM Forgings Limited (MMF) has invested 88% of the company’s equity.
9. Amco Batteries
Founded in 1932, Amco Batteries has a long history in the Indian battery industry and has made a smooth transition to the electric vehicle era. To meet India’s fast-evolving EV transformation, the firm, once a majority producer of lead-acid batteries for cars and two-wheelers, has now expanded into lithium-ion offerings.
To develop future-proof battery solutions for two- and three-wheelers, Amco worked closely with a large number of OEMs. Furthermore, it has invested in research and development in swappable battery solutions that are in high demand, particularly for delivery EV fleets and e-rickshaws. Capitalizing on Tamil Nadu’s favorable EV policies, the company is also setting up a new factory there to manufacture lithium-ion battery packs.
Amco is positioning itself as a reliable battery partner to India’s growing small-format EV landscape due to its strong distribution network across South and East India.
10. Delta Electronics India
With its state-of-the-art EV components, particularly controllers and power electronics, Delta Electronics India, a subsidiary of the multinational Delta Group, is one of the key drivers behind the development of e-mobility. Onboard chargers (OBCs), DC-DC converters, and motor controllers for electric vehicles are just a few products that Delta has targeted in aggressively adding to their portfolio.
At its cutting-edge plants in Gurugram and Hosur, Delta concentrates its research and development activities on developing solutions native to India suitable for road and climate conditions in India. Additionally, a number of OEMs in the commercial vehicle and electric four-wheeler markets are already using the company’s smart controller units.
In India, Delta leads the market for EV charging infrastructure as well. It has a clear advantage in supporting the expansion of India’s EV ecosystem overall because of its dual role as a supplier of components and charging solutions.
In summary
Apart from the automakers themselves, India’s EV revolution is also being led by a robust and rapidly expanding ecosystem of component manufacturers. These companies are defining the terms of EV supply chains, varying from newer tech-enabled disruptors like Rizel Automotive and Napino to established incumbents like Exide Industries and Amara Raja.
The Indian market for EV components is likely to expand rapidly due to the government initiative towards localisation through the FAME and PLI schemes and the private sector’s larger investments in gigafactories and advanced R&D. Besides catering to local needs, these producers are creating India a significant global source of EV components as they expand and scale up.
The success of India’s EV revolution will be determined in the long run by the capability of these companies to produce stable, scalable, and affordable electric transport solutions. Moreover, the future looks promising considering how much was achieved in 2025.