Lets discuss the crucial component of any electric vehicle, an EV battery and here we bring you the details of top 10 EV battery manufacturers in India.
The increasing demand for electric vehicles is driving the demand for EV batteries. For this, the government is giving a push towards electric mobility. According to the data that was presented by the finance minister in 2023, we expect a growth of 49% between 2022 and 2030 in electric vehicles. It is an era in which people are aware of environmental concerns, and the automotive industry has undergone a transformative shift towards more energy-efficient alternatives.
Many automobile companies are investing in the development of electric vehicle batteries. They made noteworthy commitments to electric mobility. They even announced plans to phase out gasoline vehicles. The EV revolution is stimulating in India. This shift surely requires innovation and creativity in enhancing the variety of models of electric vehicles with the advancement of EV battery manufacturers. The battery is the heart of an electric vehicle. Electric vehicles have emerged as a promising solution to reduce our dependency on fossil fuels and mitigate the environmental impact of transportation.
Presently, most of the electric vehicle manufacturer companies import batteries from China. The companies are planning to manufacture EV batteries within the country, which will cut down on exports from other countries. TDSG, which was set up jointly by Toshiba Corporation, Denso Corporation, and Suzuki Motor Corporation, is the first lithium-ion battery manufacturing plant in Gujrat. Their main aim is to manufacture and supply lithium-ion batteries.
If you have decided to switch to an electric vehicle but have many doubts and questions about the battery technology and its manufacturer, here we will discuss the top 10 EV battery manufacturers in India.
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Top 10 EV Battery Manufacturers In India
1. Exide Industries: A brand name in the EV Battery segment
Exide Industries is a well-established player in the Indian battery market. Currently, Exide Industries has a 1.5 GWh factory in Gujrat under Exide Energy Private Limited (EEPL). The company plans to set up a lithium-ion cell manufacturing plant in Bangalore by the end of 2024-25. The company formed a joint venture with Leclanche Energy to manufacture lithium-ion batteries. Its durable batteries provide consistent performance for a long time. The company strongly believes in research and development that helps to improve their products.
Exide batteries use calcium-tin alloy grids that improve the overall efficiency of the battery. The company manufactures advanced-level batteries that ensure a quick start for vehicles. Exide batteries adhere to environmental standards, including eco-friendly materials. These batteries require fewer regular checks and refills of electrolytes. The use of advanced separator design helps improve the efficiency of charge and discharge cycles. Dual-plate protection enhances their ability to withstand demanding conditions. The electrolyte suspension system enhances the performance and longevity of the EV battery.
Exide works on an international level, and they sell their products in developed countries like Japan and Australia under their own brand name. It manufactures everything from the smallest UPS batteries to huge submarine batteries, forklift trucks, telecom, etc.
2. Amara Raja Batteries Limited
Amara Raja Batteries Limited is also another promising EV battery manufacturer company in India. The company signed a technology transfer agreement with the Indian Space Research Organisation (ISRO) in early 2019. ISRO named 10 companies to whom ISRO will transfer the technology for manufacturing lithium-ion cells to give a push to electric mobility. Among those companies, Amara Raja invested a huge amount and set up his technology hub for manufacturing lithium-ion cells in Andhra Pradesh. Their batteries meet quality standards and ensure their reliability. The company is famous for manufacturing high-quality products, and they provide excellent customer service.
Technology, expertise, and innovation take the lead for the company. The wide range of batteries caters to various industries, including automotive and industrial. Amara Raja Batteries uses cutting-edge technologies that focus on research and development to stay ahead as a top electric vehicle battery manufacturer company in Inida. The company prioritises understanding the needs of customers in the automotive industry. The company holds various ISO certifications for maintaining international standards for environmental safety. The market leaders in the EV battery industry reflect India’s success in the automotive industry.
3. Okaya Power
Okaya Power is considered one of the best-leading companies in manufacturing lithium-ion batteries in India. Such batteries often incorporate advanced technologies to ensure their efficiency. They are known for their high performance and consistent power supply. They support fast-changing technology and provide sustainable power solutions. They even retain their charge for extended periods when not in use.
Okaya batteries have the feature of deep discharge recovery, which helps the EV battery recover from deep discharges without causing any damage to it. The designs of Okaya batteries are eco-friendly. Okaya batteries offer safety features such as overcharge protection, thermal management, short-circuit protection, etc. that enhance not only the battery’s life but also the user’s life. Okaya Power offers a wide range of products for various applications, such as renewable energy and automotive.
4. Luminous Power Technology
It is again a trustworthy company for manufacturing batteries for electric vehicles. It uses advanced silver alloy technology for manufacturing EV batteries, which helps to increase the longevity and performance of the EV battery. Their production is the result of the integration of advanced technologies and ongoing development. The use of recycling programmes for batteries shows their commitment to an environmentally friendly manufacturing process. Their products place an emphasis on creating energy-efficient EV battery solutions.
Luminous batteries are available in both urban and rural markets. Their rechargeable batteries are durable and offer a long lifespan with high energy density.
5. HBL Power System
It is a well-known lithium-ion battery manufacturer company in India that focuses on a good range of batteries for electric vehicles. The company is adopting new materials, manufacturing processes, and energy storage technologies. The company prioritises reliable EV battery manufacturers throughout the production process. Many well-known companies in the EV battery industry focus on environmentally friendly practices. The company instills confidence in customers by using durable and reliable products.
6. Livguard Energy Technology
Livguard Energy Technology is an Indian company that specializes in EV battery manufacturing and energy storage solutions. The company manufactures batteries for two-wheelers, four-wheelers, and commercial vehicles. The company includes advanced battery technologies that enhance overall efficiency.
The company has a distribution network across India to make its product easily available to users. It offers a maintenance-free design, a long EV battery life, and the best warranty.
7. Suzuki Motors Corporation
Suzuki Motors Corporation signed a memorandum with the Gujrat government to invest Rs 10,445 crores by 2026 in manufacturing electric vehicles and batteries for electric vehicles. Its subsidiary, SMG (Suzuki Motor Gujrat Pvt. Ltd.) will invest around Rs. 7300 crores for the construction of an electric vehicle battery plant.
8. Tata Group: Tata Power and Tata Chemicals
When we talk about the EV market, without any doubt, Tata Group leads the race. Both Tata Power and Tata Chemicals are part of the Tata Group. Tata Power is an Indian electricity generation company, whereas Tata Chemicals focuses on EV battery technology. The Tata group signed a deal, with an investment of Rs. 13,000 crores, on building a lithium-ion cell battery plant with the Gujrat government.
The Vikram Sarabhai Space Centre, which is a part of the Indian Space Research Organisation (ISRO), developed a technology for producing various kinds of lithium-ion cells. Besides Amara Raja, Tata Chemicals also signed an agreement with the Indian Space Research Organisation (ISRO) in which ISRO would transfer this technology to Tata Chemicals so that it may use it further to produce lithium-ion cells in India. The company targets recycling more than 500 tonnes of lithium-ion batteries to recover metals such as cobalt, nickel, manganese, etc.
Tata Power joined hands with Kotle-Patil Developers Ltd. (KPDL), a real estate company, to set up charging stations for the convenience of electric vehicle owners.
9. Hero MotoCorp
Hero MotoCorp, formerly known as Hero Honda, is a leading two-wheeler manufacturer in India, and its headquarter is in Delhi. Hero MotoCorp partnered with Ather Energy to set up India’s fastest electric vehicle charging network. Ather Energy unveiled its electric vehicle manufacturing plant at Hosur in Tamil Naidu. Besides manufacturing electric vehicle charging stations, they plan to manufacture lithium-ion batteries, which is a key area to develop.
10. Exicom Tele-System
It is a Haryana-based company and an emerging player in the market for EV chargers and lithium-ion batteries. The company mainly runs three businesses: telecom, green mobility, and storage. It requires significant research and development in the EV space. In 2021, the company partnered with Omega Seiki Mobility Pvt. Ltd. (OSM) for lithium-ion batteries.
Conclusion
Throughout the article, we were diving deep into exploring the charming world of top 10 EV battery manufacturers in India. It is truly wonderful to know how these advancements in electric vehicles are shaping the future of transportation and leading towards a greener and more sustainable world.
With the surging demand for electric vehicles, it is essential to know the key manufacturers of EV batteries. Companies like Exide Industries, Amara Raja, Tata Group, Hero MotoCorp, etc. are leading in manufacturing reliable and durable EV batteries. These companies are committed to bringing innovation and sustainability to the transport sector.
The world of EV batteries is dynamic, and rankings can change over time based on technological advancements, market trends, etc. Let us embrace the journey of electrified transport, believing that we are making our environment cleaner for future generations.
