Electric Car Battery Manufacturers in India

As India accelerates its transition toward electric vehicles, one sector stands out as absolutely crucial — battery manufacturing. Batteries are the heart of an EV, determining its cost, range, charging time, and even safety.
Recognizing this, many Indian companies are stepping up investments to build a strong local battery manufacturing ecosystem, aiming to reduce dependence on imports and support the country’s clean mobility goals.

In this article, we explore some of the leading electric car battery manufacturers in India, their current capabilities, and how they are shaping the future of electric mobility.

Leading electric car battery manufacturers in India

1. Exide Industries

Exide is one of India’s oldest and largest battery manufacturers, known for its extensive range of lead-acid batteries for conventional vehicles. To tap into the electric mobility boom, Exide has launched a dedicated arm, Exide Energy, and formed a joint venture with Swiss company Leclanché. This venture focuses on manufacturing lithium-ion batteries and battery management systems suited for electric cars, buses, and commercial EVs. Exide is also setting up a lithium-ion cell plant in Karnataka to support India’s battery independence goals.

2. Amara Raja Batteries

Famous for its Amaron brand, Amara Raja has built a reputation as a trusted automotive battery supplier. Now, it is pivoting aggressively into lithium-ion technology. The company is investing heavily in a giga-scale lithium-ion cell manufacturing facility, positioning itself to serve India’s fast-growing EV and energy storage markets. Amara Raja has also established a technology hub in Telangana to drive advanced battery R&D.

3. Tata Group (Tata Chemicals & Tata AutoComp)

The Tata Group is working across the battery value chain.

• Tata Chemicals is developing lithium-ion cell technology and exploring recycling to extract valuable materials from old batteries.
• Tata AutoComp Systems has partnered with China’s Gotion High-Tech to build lithium-ion battery packs in India.
  This integrated approach ensures that Tata Motors’ electric cars like the Nexon EV and upcoming models have a secure, localized supply of high-quality batteries.

4. Ola Electric

Ola is not just building electric scooters but is investing to become a battery powerhouse. It is constructing one of the largest EV battery giga factories in the world in Tamil Nadu, with a planned capacity exceeding 100 GWh by 2030. Ola’s focus on in-house cell manufacturing is aimed at lowering costs and controlling quality, eventually supporting both its two-wheeler and four-wheeler EV ambitions.

5. Reliance New Energy

Part of Mukesh Ambani’s ambitious green energy plans, Reliance New Energy is building a massive integrated battery giga factory in Jamnagar, Gujarat. Through acquisitions like Faradion, it is exploring advanced battery chemistries such as solid-state and sodium-ion batteries, which promise safer, more sustainable alternatives to traditional lithium-ion. This will eventually support not just electric cars but also grid-scale storage, helping stabilize India’s renewable energy supply.

6. Mahindra Electric

Mahindra was among the early movers in India’s electric car space. While it currently imports lithium cells and focuses on assembling battery packs in-house for its EVs like the XUV400, Mahindra is actively scouting technology partners to start cell manufacturing in India. It has also signed agreements to secure future cell supplies and is investing in R&D to improve battery performance for Indian road and climate conditions.

7. HBL Power Systems

Based in Hyderabad, HBL is focusing on advanced battery systems for defense, telecom, and now EVs.
It is working on lithium-ion and next-generation battery technologies, with the aim of serving both the passenger and commercial electric vehicle segments.

8. Panasonic Energy India

Panasonic has a long presence in India’s battery market through its consumer electronics batteries.
It is now exploring partnerships to localize automotive battery pack assembly, especially for electric two-wheelers and smaller four-wheeler applications, seeing the huge market potential in India.

9. Okaya Power

Okaya is widely known for inverter and solar batteries but has made significant inroads into the EV segment, mainly through electric two- and three-wheeler batteries.
It is now scaling up lithium-ion pack production with plans to eventually supply battery systems for passenger electric cars.

10. Lucas TVS

Lucas TVS, a major automotive components manufacturer, has announced a joint venture with US-based 24M Technologies to set up India’s first semi-solid lithium-ion battery plant.
Semi-solid state batteries offer potential advantages in safety, cost, and manufacturing simplicity over traditional lithium-ion.

Why battery manufacturing is critical for India

Batteries typically account for 30-40% of the total cost of an electric vehicle. India still imports the majority of its lithium-ion cells, mainly from China and South Korea.
This creates not only a trade imbalance but also risks around supply chain disruptions.

By developing a strong domestic battery industry:

• EV costs will reduce, making them more affordable for Indian buyers.
• The country will be less dependent on global supply chains.
• It will create thousands of new jobs and foster advanced technology skills.

Government support for battery manufacturing

Recognizing the need for a strong domestic battery industry, the Indian government launched the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cells (ACC) with a budget of over ₹18,000 crore.
The goal is to create over 50 GWh of domestic battery manufacturing capacity by 2030, significantly cutting down imports and creating a self-reliant EV ecosystem.

Challenges ahead

Even with these promising moves, India’s battery industry faces hurdles:

• Limited local reserves of lithium and cobalt mean heavy reliance on imports for raw materials.
• High capital costs for setting up giga factories.
• The need to quickly develop skilled talent in advanced battery chemistry and manufacturing.

However, ongoing initiatives in battery recycling by Tata, Exide, and others aim to extract valuable materials from used batteries, easing the raw material challenge.

The road ahead

India is on the cusp of a major EV and energy storage revolution. As these companies build large-scale, technologically advanced battery facilities, we will see costs of electric vehicles come down, their performance improve, and India’s dependence on global battery imports reduce significantly. This will not only help achieve India’s target of 30% EV penetration by 2030 but also generate thousands of high-skill jobs, establish robust supply chains, and contribute to cleaner air and reduced oil imports.