List of Lithium Ion battery manufacturers in India

As India is seeing a rise in the sales of electric vehicles, the battery demands are also following it. Apart from electric vehicles, the li-ion batteries are also used to store energy generated from renewable sources like solar and wind energy. They are also used to balance and reduce the load on the grid.

For now, India is importing lithium-ion cells from countries like China and Japan. The importation makes the battery expensive which reflects upon the vehicle’s price itself then in the end customers have to pay the extra charges. To arrest this price surge Indian Government is promoting the lithium-ion battery manufacturing in the country.

As many as 1.56 lakh EVs were sold in the country in 2019-20 as against 1.3 lakh units in the previous fiscal, SMEV said in a statement. India will be a good market for Li-ion batteries in the future. We have compiled a list of leading lithium-ion battery manufacturers in India.

HBL Power Systems Ltd :

It is an Indian company established in 1977 to manufacture aircraft batteries. Soon the company started producing the batteries for industrial electronics, defence electronics, and railway electronic signalling.


HBL India also has a subsidiary in America stated in Rocky Hill, Ct. The company also manufactures lithium-ion batteries for the military.


ISRO used lithium-ion batteries in may of its rockets. ISRO had entered into a contract with BHEL to manufacture the li-ion batteries for rockets and satellites.


In January 2019 ISRO announced that it will transfer its space-grade lithium-ion technology to 10 competent at a fee of Rs 1 crore to boost the li-ion battery manufacturing in India which included :

  • Kerala based Carborundum Universal Limited
  • Chittoor based Amara Raja Batteries Limited
  • Bharat Electronics Limited
  • Exicom Tele-Systems Limited, GOCL Corporation Limited
  • Jyoti CNC Automation Limited
  • National Aluminium Co. Limited. (NALCO)
  • Sukhbir Agro Energy Limited
  • Tata Chemicals Limited
  • Thermax Limited
  • GOCL, Hyderabad

Amara Raja Batteries Ltd (AMARON):

Amara Raja is India’s second-biggest traditional battery maker by value. For now, the company imports the li-ion batteries from big manufactures like LG Chem and Panasonic.

ammara raja

But the company is destined to build a 100 megawatt-hour assembly plant in Andhra Pradesh with the help of IIT Chennai.


Exide Industries Ltd is India’s largest manufacturer of lead-acid storage batteries.


On 27 June 2018 Exide Industries, India’s largest manufacturer of batteries, and Leclanché announce the launch of a new joint venture to build lithium-ion batteries and energy storage solutions to power the growth of India’s electric vehicle market. Although the company will assemble the cells imported from China to make the battery packs.

Suzuki :

In 2017 Suzuki Motor Corporation signed a project with Toshiba and Denso with an investment of Rs 1,151 crores to establish a li-ion manufacturing plant at Hansalur, Gujrat.


The joint venture is called Automotive Electronics Power Pvt. Ltd (AEPPL). AEPPL is a partnership between Suzuki (50%), Toshiba (40%) and Denso (10%), to manufacture 30 million lithium-ion cells per year by 2025, with a capacity of more than 1GWh.

Li Energy :

List of Lithium Ion battery manufacturers in India

Li Energy is building a vertically integrated value chain and has planned the project as follows:

Phase 1 – (Early 2021) – First fully automated prismatic Li-ion battery assembly line (1 GW) in India. Talks underway with CATL to supply Cells. Li Energy plans to raise PE, VC & Debt funding of INR 50 Crores for Phase 1.

Phase 2 – (End of 2021) – Li-ion cell manufacturing pilot line of 150 MW. Cathode, anode & other cell constituents to be imported.

Phase 3 – To do away with material imports and setup a Cell-Material Company for LFP, NMC and LTO chemistries with CECRI-CSIR technology.

Phase 4 – Scale the Cell manufacturing facility to 1 Gigawatt.

Assembly line, R&D to be set up in Chennai. Plans to raise INR 750 Crores over the next 4 years. Industries under focus are EVs & Energy Storage for Renewable Energy.

Exicom Power Solutions :

Exicom provides lithium-ion battery packs for light electric vehicles lie e-rickshaws, electric scooters. 


They provide batteries rated at :

  • 48V, 75Ah
  • 48V, 28Ah
  • 48V, 35Ah
  • 60V, 32Ah
  • 72V, 25Ah

These batteries are IP65 rated and can be used for 3-watt applications.

Okaya Power Ltd :

In August 2019 Okaya power announced its Li-ion batteries for e-rickshaws including the battery charger.


Listed rating of the battery packs are:

  • 11.1 V – 10 Ah
  • 11.1 V – 15 Ah
  • 11.1 V – 20 Ah
  • 14.8 V – 62.4 Ah

ACME Cleantech :

Acme Solar is the largest solar power developer in India. ACME started the production of li-ion batteries in 2014.  ACME Cleantech plans 2-3 GWh lithium-ion battery manufacturing by this year.

acme cleantech

They are also planning to introduce battery charging stations and swapping stations in India.

PuREenrgy :


It is a startup born in IIT Hyderabad and they introduced their lithium-ion batteries at Renewable Energy Expo 2018. They also provide electric scooters in India.

Future Hi-Tech Batteries :

Future Hi-Tech Batteries are one of the leading and trustworthy Lithium-ion battery manufacturers in India.

future hi-tech batteriess

They provide a wide range of products like Lithium Battery Packs, Electric Vehicle Lithium Battery, Energy System Storage Lithium Battery, Lithium Cell, Lithium Battery Charger.

Pastiche Energy Solutions:

Pastiche Energy Solutions

It is a company based in Haryana. They provide products like 

1. 18650 Cylindrical Batteries

2. Prismatic Batteries

3. Polymer Batteries

4. Battery Packs

Bhagwati Products Limited :

Bhagwati Products Limited

It is a company based in Bhiwadi, Rajashtan. This company is the first to introduce Graphene Lithium-ion batteries in India. Their yearly capacity is 1GWh. Their production line is equipped to manufacture single battery pack of 50Kwh and by making parallel connections 250Kwh packs can be made in-house. They make EV packs as per the FAME 2 scheme of MHI.

Panasonic :


Panasonic is planning to set up an assembling plant in India to assemble the battery packs for two and three-wheelers. Tesla cars also use Panasonic cells. 

Wrapping Up :

To make electric vehicles cost-effective in India we need local manufactures. To promote this government is providing many schemes and subsidies. Many countries have decided to go fully electric by 2030 so it’s also very important for us to transit to zero-emission vehicles (BEV) and to achieve this we need to promote battery manufactures in India. If you want any other manufacturer to be included in the list, you can contact us or comment below.

Also read Top 7 things to be considered before buying an EV.

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