Top 5 Lithium-Ion Battery Manufacturers In India In 2023

Top 5 Lithium-Ion Battery Manufacturers In India Details

India intends to be a 100% electric vehicle (EV) nation by 2030, and has plans to install 50,000 electric rickshaws and 10,000 electric buses to help with EV adoption. With increased environmental concerns and a push to reduce the use of fossil fuel cars, the automotive industry is fast moving to EVs, resulting in a boom in demand for lithium-ion batteries. As a result, the lithium-ion battery manufacturing industry is also benefiting significantly.

Engineers of electric vehicles seek lightweight, secure, and low-density vehicles, making lithium-ion batteries an essential component. As a result, demand for lithium-ion batteries, which are also the most expensive components of electric cars, is expected to surge. These batteries can account for up to 50% of the vehicle’s overall cost. With this in mind, let’s take a deeper look at the top Lithium-Ion Battery Manufacturers in India.

1. Exide Industries

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Exide Industries is a well-known and recognized brand in India, having established itself as the country’s largest battery maker and exporter. They are well-known for creating high-quality, rechargeable batteries at reasonable prices. Exide has began creating lithium-ion batteries, which have an outstanding energy storage capacity per unit volume, in addition to its usual battery products. Exide Neo, a customized Li-ion battery used in e-rickshaws, has previously been introduced by the business. They have nine strategically positioned plants around the country and over 150 warehouses and sales offices.

2. Amara Raja Batteries Ltd.

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Amara Raja Batteries Limited is a key participant in the Indian storage battery sector, and one of the country’s top makers of lithium-ion batteries for both industrial and automotive applications. The business sells these batteries in 32 countries throughout the world. They are now proposing to build a lithium-ion manufacturing factory in Andhra Pradesh in order to obtain a large portion of the electric battery industry. With the electric vehicle power pack business estimated to reach $300 billion by 2030, the company’s major goal is to attain 100 billion units in the next 2-3 years.

3. HBL Power Systems

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HBL Power Systems is an India-based major battery manufacturer noted for creating a wide range of batteries for industrial, defence, and aviation applications. The company has been in business for almost four decades and has a solid reputation for producing high-quality, dependable batteries. HBL Power Systems is committed to producing batteries that are safe, efficient, and long-lasting by utilising cutting-edge technology.

They have a team of competent specialists that work closely with clients to understand their particular battery demands and provide customized solutions that fulfil those needs. The firm has a substantial presence in India and a strong global reach, with items exported to over 50 countries globally. HBL Power Systems is devoted to sustainability and works actively to reduce its carbon footprint through a variety of measures, including the utilization of renewable energy sources in its production operations.

4. Lithium-Ion Battery Gujarat Private Limited (TDSG)

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TDSG is a cutting-edge lithium-ion battery manufacturing factory in Gujarat, India. TOSHIBA Corporation, DENSO Corporation, and Suzuki Motor Corporation are partners in the initiative. The plant’s major goal is to produce and supply Lithium-Ion Batteries to Maruti Suzuki and Suzuki Motor in Gujarat. The joint venture businesses will invest around INR 30K-50K Cr over an eight-year period to attain this target. The TDSG factory, located in Hansalpur, Gujarat, is the world’s largest lithium-ion battery production facility. The development of this factory is a crucial step towards joining a highly valuable emerging industry in India. The lithium-ion batteries for the future Maruti Wagon R-based electric car will be supplied by TDSG.

5. JSW Energy

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JSW Energy, a Mumbai-based firm, is planning to introduce electric vehicles in the near future and intends to build a big battery facility for this purpose. In 2019, Bharat Heavy Electricals Ltd. announced plans to produce and market ISRO’s lithium-ion cells in India, while Tata Chemicals Ltd. plans to establish a Li-ion cell production plant in Gujarat. According to reports, significant corporate giants such as Reliance, Adani, Mahindra, and Hero are all bidding to establish Lithium-ion battery manufacturing operations in India. As a result, it is clear that India will soon lessen its reliance on imports of this critical EV component.

Conclusion

The above list is the Top 5 Lithium-Ion Battery Manufacturers in India. With the increasing usage of electric cars, demand for lithium-ion batteries has expanded dramatically in India. The Indian government’s goal of becoming an all-EV nation by 2030 has stimulated the expansion of lithium-ion battery producers in the country. Exide Industries, Amara Raja Batteries Ltd, HBL Power Systems, Lithium-Ion Battery Gujarat Private Limited, and JSW Energy are the top five lithium-ion battery producers in India. These firms have achieved great achievements in developing high-quality and economical Lithium-ion batteries, gaining attention from both local and foreign markets. With India’s rising emphasis on EVs, these firms’ efforts will be critical in realizing India’s aim for sustainable transportation and renewable energy.

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