India is rapidly transitioning to renewable energy. Lithium-ion batteries play a key role in this shift. These batteries are essential for electric vehicles (EVs), energy storage systems, and more. The demand for lithium batteries is rising both globally and in India. Several companies are emerging as leaders in this sector. Here are the top lithium battery manufacturers in India in 2024.
1. Tata Chemicals
Tata Chemicals is a leading player in India’s lithium-ion battery market. The company has made significant investments in developing advanced battery technologies. It focuses on producing high-quality lithium-ion cells. Tata Chemicals is also exploring sustainable alternatives for raw materials used in battery production.
In 2024, the company is setting up a new manufacturing plant to meet the growing demand for lithium-ion batteries. This plant will cater to the increasing needs of the electric vehicle (EV) and energy storage sectors in India. Tata Chemicals’ investment in this new facility highlights its commitment to supporting India’s green energy transition.
The company’s focus on clean energy aligns with India’s goal to reduce carbon emissions and promote electric mobility. By investing in lithium-ion battery technology, Tata Chemicals is playing a key role in the country’s push for EV adoption.
Through its research and development efforts, Tata Chemicals aims to enhance the performance and sustainability of its batteries. The company is well-positioned to meet the future demand for energy storage solutions and EV batteries in India. With its strong focus on innovation and sustainability, Tata Chemicals is contributing significantly to India’s clean energy revolution.
2. Exide Industries
Exide Industries is a well-established name in India’s battery market. The company is known for its lead-acid batteries. Recently, Exide has expanded into lithium-ion batteries. It now produces batteries for electric vehicles (EVs) and energy storage systems. Exide has partnered with international companies to enhance its capabilities.
Exide operates advanced manufacturing facilities in India. These facilities produce high-quality lithium-ion batteries. The company is a leading supplier to EV manufacturers in India. Exide’s lithium-ion batteries are used in a wide range of applications, including electric vehicles and energy storage solutions.
With its strong presence in the Indian market, Exide is well-positioned to meet the growing demand for EV batteries. Its focus on innovation and quality makes it a key player in India’s transition to clean energy. Exide is helping drive the country’s electric vehicle adoption.
3. Amara Raja Batteries
Amara Raja Batteries has made significant investments in lithium-ion technology. The company has shifted focus from lead-acid batteries to lithium-ion solutions. It now specializes in electric vehicles (EVs) and energy storage systems. To support this shift, Amara Raja has built advanced manufacturing units for lithium-ion batteries.
The company’s research and development efforts are key to its success. Amara Raja focuses on creating innovative battery solutions that meet the growing demand for EVs and energy storage. Its commitment to R&D ensures the development of long-lasting, efficient batteries.
As India continues to embrace electric vehicles, Amara Raja is well-positioned for growth. Its expertise in battery technology and strong manufacturing capabilities give it an edge in the rapidly expanding market. The company is set to play a vital role in India’s clean energy transition and the future of electric mobility.
4. Ola Electric
Ola Electric is making waves in India’s EV market. It has set up its own battery manufacturing plant, the ‘Futurefactory’.
This factory will produce both electric vehicles and the lithium-ion batteries for them.
Integrating battery production with EV manufacturing helps reduce costs and improve supply chain control.
Ola Electric plans to increase its battery production capacity to meet rising demand for electric vehicles.
5. BYD India
BYD is a multinational company with a strong presence in India’s lithium-ion battery market.The company manufactures electric buses, trucks, and cars, all powered by lithium-ion batteries.BYD operates a manufacturing facility in India for battery production.The company’s expertise in battery technology allows it to offer high-quality, competitive products.
6. Luminous Power Technologies
Luminous Power Technologies, known for its inverters, has expanded into lithium-ion batteries.
It offers batteries for home energy storage, solar power, and electric vehicles.
Luminous focuses on providing reliable, long-lasting energy storage solutions.The company aims to enhance its position in India’s growing lithium-ion battery market.
7. Reliance Industries (Reliance New Energy Solar)
Reliance Industries, through its subsidiary Reliance New Energy Solar, is making significant strides in the lithium-ion battery sector. The company plans to establish a large-scale manufacturing plant to produce batteries for electric vehicles (EVs) and renewable energy storage. This move aligns with Reliance’s broader commitment to sustainable energy solutions and its focus on clean technologies. Leveraging its vast resources, technological expertise, and strong market presence, Reliance aims to become a major player in the global battery market.
8. Sungrow Power Supply
Sungrow Power Supply is a global leader in renewable energy. It has expanded into lithium-ion battery manufacturing in India.
The company specializes in energy storage systems that rely on lithium-ion batteries.
Sungrow’s batteries support solar energy infrastructure and grid stability.It continues to invest in manufacturing and R&D in India.
9. Greenvision Technologies
Greenvision Technologies is emerging as a key player in India’s lithium-ion battery market. It manufactures high-performance batteries for electric vehicles and energy storage.
Greenvision focuses on batteries with high energy density and long battery life. Its products cater to both domestic and commercial markets.The company’s focus on clean energy and innovation positions it for future growth.
10. Piedmont Lithium (Indian Subsidiary)
Piedmont Lithium, a US-based company, has expanded its operations into India, focusing on sourcing raw materials and producing lithium-ion batteries for the growing Indian market. Despite being a new entrant, the company’s move underscores the global interest in India’s lithium battery sector. With India’s increasing demand for electric vehicles (EVs) and energy storage solutions, Piedmont Lithium is positioned to play a key role in meeting these needs. As the country accelerates its shift toward sustainable energy, Piedmont’s expansion highlights its commitment to supporting India’s transition and contributing to the development of the local battery manufacturing ecosystem.
Conclusion
India’s lithium battery manufacturing landscape is rapidly evolving. The demand for lithium-ion batteries is growing, driven by the rise of electric vehicles and renewable energy storage. Companies like Tata Chemicals, Exide, Amara Raja, Ola Electric, and Reliance are leading the way. They are investing in manufacturing capabilities and research to meet this demand. India’s focus on clean energy, supported by government policies, provides a strong foundation for the lithium battery sector’s growth. These manufacturers, along with emerging players like Greenvision Technologies and Piedmont Lithium, are helping India transition to a sustainable future.