As India is speeding up its transition towards electric mobility and renewable energy, the lithium-ion battery industry has become a critical driver to enable this green revolution. Driven by the growing requirement for electric vehicles (EVs), energy storage systems, and consumer electronics, several indigenous firms have stepped forward to establish robust lithium-ion battery production capacity.
Let’s look at these top 5 Indian companies in lithium-ion batteries that are leading the way in innovation and making an effort towards a sustainable world:
1. Amara Raja Energy & Mobility Ltd.
Formerly known as Amara Raja Batteries, the company has emerged as a player to watch in India’s energy storage industry. It started construction on a gigafactory in Telangana in 2023 for lithium cell and battery pack manufacturing. The plant is expected to have a cell capacity of 16 GWh and a battery pack capacity of 5 GWh when complete.
Key Highlights:
- Backward integration into cell manufacturing.
- Emphasis on energy storage systems and electric mobility
- Collaboration with international technology suppliers for high-end chemistry cells.
2. Exide Energy Solutions Ltd. (EESL)
Exide Energy Solutions Ltd. (EESL), a part of Exide Industries, is making important progress in producing lithium-ion batteries locally. They’re building a large-scale lithium-ion battery plant in Bengaluru, Karnataka, with an investment of over ₹6,000 crore. The company has also formed a strategic partnership with SVOLT Energy from China, focusing on batteries for cars and large-scale energy storage. EESL is dedicated to supporting India’s Atmanirbhar Bharat mission, aiming for self-reliance in energy solutions and manufacturing.
3. The Tata Group, which includes Tata Agratas Energy Storage Solutions Pvt. Ltd.
Agratas Energy, a joint venture of the Tata Group, has announced the establishment of a 20 GWh battery cell gigafactory in Sanand, Gujarat, marking the company’s entry into the lithium-ion battery market. It is anticipated that the facility will serve both Tata Motors’ EVs and other outside clients.
Important Points to Remember:
- supported by Tata Motors and Tata Sons.
- Pay attention to lithium iron phosphate (LFP) and other cutting-edge chemicals.
- potential for exports in addition to domestic consumption.
4. Ola Electric Mobility Pvt. Ltd.
Ola is not just a mobility platform; it’s rapidly transforming into a technology-driven EV manufacturer, including battery cell production. The company is building a cell gigafactory in Krishnagiri, Tamil Nadu, under India’s PLI (Production Linked Incentive) scheme.
Key Highlights:
Targeting integrated battery production for its electric scooters and cars.
Focus on high energy-density NMC (Nickel Manganese Cobalt) chemistry.
Indigenous R&D through its Battery Innovation Center (BIC).
5. Lohum Cleantech
Lohum is India’s first integrated lithium-ion battery manufacturer and recycler. The company offers lithium-ion battery packs and modules for 2W, 3W, and stationary storage and is a pioneer in battery recycling and second-life technologies.
Key Highlights:
- comprehensive solutions that include reuse and recycling.
- supplies to leading EV OEMs and energy storage developers.
India’s lithium-ion battery ecosystem is expanding swiftly thanks to government initiatives like the PLI scheme, FAME incentives, and Make in India campaigns. In addition to setting up large production facilities, these top five manufacturers are investing heavily in R&D, localization, and sustainable technologies. As the demand for EVs and clean energy increases, these companies are expected to play a significant role in building India’s energy future.
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