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Top Electric Vehicle Battery Manufacturers in India 2024

Top Electric Vehicle Battery Manufacturers in India

The EV sector in India is experiencing rapid growth, and we all know the battery is the heart of any electric vehicle. Identifying the appropriate battery manufacturer is very important for the success of the EV industry. Exide Industries, Amara Raja Batteries Ltd, Manikaran Power Limited, Hero Motocorp, Okaya Power, Tata Group, and Luminous Power Technology are some of the top EV battery manufacturers in India. 

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What is an electric vehicle battery?

An electric vehicle battery is a rechargeable energy storage device designed to hold the power that is necessary for electric vehicles.

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Advantages of EV battery

Eco-friendly – EV battery become so popular especially due to their eco-friendliness. Which is best for nature and is also easily recycled. It helps in making our planet more eco-friendly.

Low Maintenance – EV batteries need very low maintenance requirements as compared to the older battery technology.

Weightless – EV batteries are also known for their lightweight nature. They are more advanced as compared to lead-acid batteries and other similar options.  

Top Electric Vehicle Battery Manufacturers in India

Manikaran Power Limited

Manikaran Power Limited also known as MPL, has received approval from the Honorable Prime Minister. In the initial days, they established a Lithium Refinery in India, with the project slated for a commission by 2024- 25.

With a huge investment of USD 300 million investment, the Plant will use cutting-edge technologies to improve green technology. The company’s main goal is to produce good quality battery-grade lithium hydroxide. 

Hero Motocorp

When it comes to two-wheelers, it is not a surprise that Hero Motocorp is also getting into electric vehicle battery production. Their green technology journey begins with investment in other companies, like Ather Energy. But that’s not enough, their green energy venture does not stop here. 

According to reports, there is also an all-new E vehicles manufacturing plant that the company has invested in. In addition to being in the electric vehicles industry, the company will soon also start entering the electric vehicle parts industry, manufacturing the most important component, lithium-ion batteries. The patents and other formalities for the business and the respective designs have already been done.

Tata Group

we have all heard about Tata Company, it is one of the prominent companies in India. Last few years company also entered into the electric vehicle business, especially in EV car battery manufacturers in India. 

The R&D department came up with some major developments that helped India to independently manufacture electric vehicles on its own completely. It is one of the top car battery manufacturers in India.  Their next mission is to build charging stations nationwide, so electric cars can run smoothly. Additionally, they also start producing lithium-ion batteries.

Amara Raja Batteries

It is one of the top EV battery manufacturers in India, and it is taking some great steps related to the future. With an investment of approximately ₹ 200 million, the company has established a lithium-ion development hub, at the Tirupati facility in Andhra Pradesh.

While Amara Raja is still in the process of full full-fledged lithium cell manufacturing company, it is actively taking necessary steps so it can naturally develop technology. Supported by ISRO, it is the top 10 companies which are selected for tech transfer. They give training to their staff and help in establishing lithium manufacturing units.

Exide Industries

Exide Industries is one of the popular brands in India,  it is known for its strong battery manufacturing and other related products. As a leader in this industry, the company dominates various sectors such as automotive, industrial, and submarine. 

Exide plans to invest approximately ₹ 60 billion to set up a lithium-ion cell manufacturing plant in India, with the partnership of China’s SVOLT Energy Technology. The project will be executed in two phases in Bangalore with an initial investment of around ₹ 25 billion.

Okaya Power

Okaya Power is one of the prominent manufacturers of EV batteries in India. These batteries are renowned for their incorporation of advanced technologies to enhance their efficiency. These batteries are known for their high performance and reliable power supply. They use fast-changing technology and offer sustainable power solutions. 

Okaya batteries boast a unique deep discharge recovery feature, ensuring EV batteries can recover from deep discharges without sustaining damage to them. Their batteries are eco-friendly and come with various safety features like overcharge protection, thermal management, short-circuit protection, etc. which help enhance the battery’s life as well as the user’s life. 

Livguard Energy Technology

Livguard Energy Technology is an Indian-based company that specializes in manufacturing EV batteries and providing energy storage solutions. They manufacture batteries for various types of vehicles such as two-wheelers, four-wheelers, and commercial vehicles. They also used cutting-edge technologies which enhance the overall efficiency of the battery.

HBL Power System

It is one of the prominent Indian companies that specialize in manufacturing lithium-ion batteries for electric vehicles, it provides a diverse range of batteries for electric vehicles. They are actively adopting new materials like manufacturing processes, and energy storage technologies. Their products are very nature-friendly, durable, and reliable products.

Luminous Power Technology

It stands as one of the prominent manufacturing batteries for EVs. The company uses cutting-edge silver alloy technology for manufacturing its EV batteries, which significantly enhance the longevity and performance of the EV battery. Their production represents the fusion of cutting-edge technologies and continuous development. Apart from this, they use recycling programs for batteries which shows their commitment to eco-friendly manufacturing processes. 

Exicom Tele-System

Haryana-based Exicom Tele-System, is one of the emerging players in the EV chargers and lithium-ion batteries market. It focuses on three sectors, telecom, green mobility, and storage. It recognizes the importance of substantial research and development in the EV space. They partnered with Omega Seiki Mobility Pvt. Ltd. (OSM) in 2021.

Conclusion

Throughout the article, we listed electric vehicle battery manufacturers in India. Here, we will see some top advancements in electric vehicle technology. They are truly shaping the future of transportation, leading toward a greener and more sustainable world.

As the demand for electric vehicles is growing, it is important to understand the key manufacturers of EV batteries. There are lots of Companies such as Exide Industries, Amara Raja, Tata Group, Hero MotoCorp, etc. are some top manufacturers in the country. Their dedication to innovation and sustainability to reshaping the transportation sector for the better.

Frequently Asked Questions (FAQs)

Can EV batteries be recycled?

Yes, EV batteries can be recycled. It also helps in reducing the mining of raw materials.

What is the cost of a TATA electric vehicle battery in India?

Replacing an EV battery can typically cost between 2.5 lahks to 5 lakh depending on factors such as battery wattage and model.

Who is the largest producer of EV batteries in India?

Exide Industries is one of the largest producer of EV batteries in India.

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