Top 10 Indian EV Battery Companies, 2024

• Lithium batteries are preferred over lead acid batteries for their light weight, high energy density, and longer lifespan, used in consumer electronics, energy storage, and electric vehicles.
• A lithium battery includes anode, cathode, separator, electrolyte, and current collectors for charging, with lithium ions moving through the electrolyte to provide power.
• India, the world’s fifth largest car market, aims to be in the top three by 2030 with an estimated 600 million vehicles on the road, potentially 40% of which could be electric.
• Electric mobility is seen as a solution to reduce traffic congestion and pollution in major Indian cities like New Delhi and Mumbai.

• Tata Chemicals manufactures and distributes chemicals, fertilizers, and consumer products globally, with a focus on sustainable energy solutions like lithium-ion batteries.
• Exide Industries Ltd. is a major Indian manufacturer of lead-acid batteries for automotive and industrial use, and one of the largest battery manufacturers in India.
• Amara Raja Batteries is a leading Indian manufacturer known for its brand Amaron, producing high-quality batteries for automotive, industrial, and renewable energy applications.
• Lohum Cleantech specializes in manufacturing and recycling lithium-ion batteries for electric vehicles and energy storage systems, with a focus on sustainability.
• LivGuard Energy manufactures automotive and inverter batteries for various vehicles and industrial use in India.
• Coslight India, a subsidiary of Coslight Group, manufactures batteries and energy storage solutions for automotive, telecommunications, and renewable energy applications.
• Okaya Power Group is a leading Indian manufacturer of batteries, inverters, and power electronics for automotive, industrial, and residential use.
• Greenvision Technologies specializes in renewable energy solutions like solar panels, inverters, and energy storage systems for residential, commercial, and industrial applications.
• Eveready Industries India is known for consumer battery products, lighting products, and electrical appliances.
• Grinntech is an Indian startup focusing on lithium-ion battery technology for electric vehicles and energy storage systems to promote electric mobility and clean energy solutions.
• These companies are driving the development and deployment of battery technologies, renewable energy solutions, and sustainable practices in various sectors.

Tata Chemicals:

• Overview: Tata Chemicals is a leading player in the Indian EV battery market, known for its innovation and reliability.
• Products: They offer a range of lithium-ion batteries tailored for electric vehicles, including high energy density variants for longer ranges.
• Technology: Leveraging advanced battery chemistry and manufacturing processes, Tata Chemicals ensures quality and performance in their products.
• Market Presence: With a strong presence in both domestic and international markets, Tata Chemicals is a key contributor to India’s EV ecosystem.

Tata Chemicals has launched its li-ion battery recycling operations, marking an important milestone in its commitment to sustainable practices. The company aims to recover valuable metals such as Lithium, Cobalt, Nickel, and Manganese from spent lithium-ion cells/batteries with a purity level of 99 percent or higher. This process will help reduce environmental pollution, save energy, and preserve natural resources by extracting fewer raw materials from the earth. The recycling operations are currently being carried out at a facility near Mumbai, and the company plans to scale up to recycle 500 tons of spent li-ion batteries.

Tata AutoComp

1. In 2005, a strategic partnership was formed between TATA AutoComp and GS YUASA International to create Tata Green Batteries.
2. TATA AutoComp’s experience in the automotive industry and GS YUASA International’s technological knowledge were instrumental in the development of these batteries.
3. Tata Green Batteries prioritize being environmentally friendly and are made with 90% recyclable materials.
4. These batteries offer high cranking power and are known for their instant vehicle ignition.
5. The collaboration between TATA AutoComp and GS YUASA International is evident in every battery produced by Tata Green Batteries.

Exide Industries Ltd. (EIL):

• Overview: Exide Industries is a stalwart in the Indian battery industry, transitioning smoothly into the EV battery segment.
• Products: They manufacture lithium-ion batteries catering to various segments, from two-wheelers to commercial vehicles.
• Innovation: Constantly innovating, Exide focuses on enhancing battery life, efficiency, and charging speed to meet evolving customer needs.
• Infrastructure: With a wide network of production facilities and distribution channels, Exide ensures timely delivery and support to its customers.

Exide Industries Ltd. has been honoured with the prestigious title of ‘India’s Best Battery Manufacturer‘ at the ASSOCHAM Energy Meet & Excellence Awards 2024.

This accolade acknowledges our commitment to operational excellence and our significant contributions to the power sector. Proud moment as Mr. Jitendra Kumar, President – Legal & Corp. Affairs & Company Secretary at Exide, accepts the award from Hon’ble Minister Shri Babul Supriyo at the grand event held on February 13th in Kolkata.

• Exide Industries Ltd. (EIL) is the largest power storage solutions corporation in South and South East Asia and one of the largest in the world.
• They have eight factories that produce a wide range of storage batteries, from 2.5Ah to 20,600Ah capacity, for Industrial and Automotive applications.
• EIL automotive batteries are known for their supreme performance in dead cranking of vehicles and high load endurance (HLE) in high temperature and overcharge conditions.
• Their industrial batteries have gained a strong reputation for their quality and performance guarantee.
• EIL has extensive experience in research, development, manufacturing, quality control, and logistics, making them a strong contender in the global power storage solutions market.
• They have a wide dealer network covering 46 nations across 5 continents.

EIL is India’s largest lead acid storage battery manufacturer, with a market capitalization of around Rs 215 billion (USD 3.2 billion). The company operates seven factories nationwide, producing batteries for automotive and industrial sectors, as well as lead smelting units and UPS manufacturing facilities. Exide has a strong global presence, with collaborations with international partners and a wide range of products catering to various industries such as automotive, telecom, and railways. In FY 2017-18, Exide recorded an annual total income of Rs 92 billion ($1.35 billion) and has maintained consistent profitability.

With over seven decades of experience, Exide is a leading brand in India known for innovation, extensive reach, strong client relationships, and technological advancements in lead-acid storage batteries. The company exports to markets in South East Asia and Europe, emphasizing quality with certifications like ISO 9001, ISO 14001, and ISO/TS-16949. Exide operates nine factories in India, equipped with cutting-edge technology for manufacturing batteries and Home UPS Systems. Collaborations with international partners and subsidiaries in the UK, Singapore, and Sri Lanka enhance Exide’s global presence.

Exide’s commitment to innovation and customer service has positioned it ahead of the competition in the global market. The company offers complete solutions from equipment selection to maintenance and is recognized for its R&D center by the Indian government. With a diverse customer base and a focus on quality, Exide continues to strengthen its brand reputation and expand its market presence both domestically and internationally.

Amara Raja Batteries:

• Overview: Amara Raja Batteries is renowned for its quality and technological prowess in the EV battery domain.
• Offerings: They provide lithium-ion batteries with emphasis on safety, durability, and performance, catering to diverse vehicle types.
• R&D: Investing in research and development, Amara Raja stays ahead in battery technology, driving advancements in EV efficiency and sustainability.
• Partnerships: Collaborations with automotive manufacturers and government initiatives strengthen Amara Raja’s position in the market.

Advancing Innovation: Amara Raja’s Leadership in Battery Technology

Amara Raja Advanced Cell Technologies is positioned as a leading player in the development and production of Lithium-ion batteries, particularly tailored for the energy storage and mobility needs of the future. The company emphasizes its commitment to sustainability and innovation through its Gigafactory project and the establishment of the e+ Energy Labs. Here’s a breakdown of the key points highlighted in the provided text:

1. Gigafactory: Amara Raja is investing in a large-scale manufacturing facility in Hyderabad, Telangana, with a planned capacity of 16 GWh. This facility is aimed at producing high-performance, durable Li-ion battery packs suitable for various applications, particularly focusing on the Indian subcontinent’s climatic conditions.
2. e+ Energy Labs: The company is establishing a state-of-the-art research institute and innovation center in Hyderabad, offering advanced laboratories and testing infrastructure. This facility will support material research, prototyping, product life cycle analysis, and proof of concept demonstrations, fostering collaboration among various stakeholders and promoting entrepreneurship in the energy sector.
3. Core Technology Competencies: Amara Raja’s expertise lies in designing customized battery packs tailored to specific requirements, emphasizing adaptability, efficiency, reliability, safety, and cost-effectiveness, especially in automotive environments. The company has invested in extensive in-house testing and research capabilities for battery cells, packs, and systems.
4. Product Portfolio: The company offers a diverse product portfolio catering to various battery chemistries (such as NMC and LFP) and applications, including Li-ion battery packs for 2-wheelers, 3-wheelers, portable chargers, and fast chargers. This demonstrates their versatility in addressing different market needs and their commitment to advancing battery technology across various sectors.

Amara Raja Advanced Cell Technologies appears to be strategically positioned to capitalize on the growing demand for Lithium-ion batteries in the context of the global shift towards electrification and renewable energy. Their investments in manufacturing infrastructure, research facilities, and product development underscore their commitment to innovation and sustainability in the energy sector.

Lohum Cleantech:

• Overview: Lohum Cleantech specializes in sustainable energy solutions, including lithium-ion batteries for electric vehicles.
• Customization: They offer tailor-made battery packs optimized for specific vehicle models, ensuring seamless integration and optimal performance.
• Green Initiatives: Committed to environmental responsibility, Lohum emphasizes recycling and reuse, minimizing the ecological footprint of EV batteries.
• Expansion: Rapid expansion plans and strategic partnerships position Lohum as a key player in India’s transitioning automotive landscape.

LOHUM Lithium Ion Battery Solutions for E-mobility:

LOHUM specializes in providing affordable smart batteries designed specifically for low-power e-mobility applications, particularly in challenging operating environments characterized by high temperatures and vibrations. Here are the key features of their e-mobility batteries:

1. Made in India: LOHUM’s batteries are designed and fabricated in India, ensuring adherence to local standards and regulations.
2. Compliance: Their batteries comply with AIS-156 standards set by the Ministry of Road Transport and Highways.
3. Safety Protocols: LOHUM employs specialized software protocols and chemicals to ensure battery safety and thermal runway-proofing.
4. BMS for Automotive Applications: They design and manufacture Battery Management Systems (BMS) tailored for automotive applications, utilizing AEC qualified components for reliability and performance.
5. Variety of Chemistries & Form Factors: LOHUM offers a variety of lithium-ion battery cell chemistries and form factors to suit different application needs.
6. Certifications: Their products are certified by ICAT, ISO 14001, and ISO 18001, ensuring quality and compliance with international standards.

Lithium Ion Battery Design & Technology:

LOHUM’s battery technology is designed to provide scalability and flexibility, catering to custom requirements while ensuring longevity and performance. Here are the key technology features:

1. State-of-the-Art Algorithms: They employ advanced algorithms, such as the Kalman Filter, for State of Charge (SOC) and State of Health (SOH) estimation, enhancing battery monitoring and management.
2. Scalable Modules: Their battery modules are scalable, allowing for flexible and fully customized designs. They incorporate in-house BMS and IP68 waterproofing for durability.
3. Safety Controls: LOHUM’s batteries feature passive cell balancing and safety controls to detect and mitigate risks such as over or under voltage, overcharge, and short circuits.
4. Thermal Management: Thermal management diagnostics are implemented to regulate heat transfer and maintain optimal operating temperatures.
5. Remote Monitoring: Optional 4G IoT data monitoring enables live and remote tracking of battery performance, enhancing operational efficiency and management.
6. Alarm System: An audio-visual alarm system alerts users to inappropriate temperature rises within the battery pack, ensuring timely intervention and safety.

Lithium Ion Battery Energy Storage Systems (ESS):

In addition to e-mobility solutions, LOHUM offers customized Lithium Ion Battery Energy Storage Systems (BESS) for integration with renewable energy sources, microgrids, and behind-the-meter applications. The highlights of their ESS offerings include:

1. Customization: ESS applications are fully customizable and modular, allowing for tailored solutions to meet specific power capacity requirements.
2. Renewable Integration: LOHUM’s ESS solutions seamlessly integrate with solar power and other renewables, enabling users to go completely off-grid and optimize energy usage.

LOHUM’s lithium-ion battery solutions offer a comprehensive range of features and capabilities suited for various e-mobility and energy storage applications, emphasizing safety, reliability, and scalability.

LivGuard Energy:

• Overview: LivGuard Energy is emerging as a prominent player in the Indian EV battery market, known for its reliability and affordability.
• Product Range: Their portfolio includes lithium-ion batteries designed for various vehicle categories, prioritizing cost-effectiveness without compromising quality.
• Customer Focus: LivGuard prioritizes customer satisfaction through robust after-sales support and warranty services, fostering trust and loyalty.
• Scalability: With scalable manufacturing capabilities, LivGuard is poised to meet the growing demand for EV batteries in India’s dynamic automotive sector.

Livguard’s Mission:

Livguard is committed to establishing itself as a prominent player in the energy solutions sector in India. Their mission entails creating an ecosystem where customers are satisfied, partners are committed, product quality is exceptional, and services are delightful. By focusing on these key elements, Livguard aims to build a strong reputation and presence in the Indian energy market.

Livguard’s Vision:

Livguard aspires to become a global leader in energy storage products by leveraging innovative technology, manufacturing excellence, and superior services. They envision a future where their brand is synonymous with cutting-edge solutions and unparalleled quality, enabling them to make significant contributions to the global energy landscape.

Key Points:

1. Innovation and Sustainability: Livguard prioritizes innovation and sustainability in its energy storage solutions, aligning with the global shift towards cleaner energy sources.
2. Product Range: Livguard offers a diverse range of high-quality products, including automotive batteries, inverters, and residential solar solutions, catering to the energy needs of homes and businesses.
3. Supporting Clean Energy Transition: Livguard not only powers homes and businesses but also supports the transition to a cleaner future by providing sustainable energy solutions.
4. Pioneering Approach: Livguard adopts a pioneering approach in its endeavors, striving to deliver limitless energy and shape a world where energy is accessible, efficient, and sustainable.

Livguard’s mission and vision reflect its commitment to excellence, innovation, and sustainability in the energy solutions space, both in India and globally.

Coslight India:

• Overview: Coslight India is a subsidiary of Coslight Technology International Group, specializing in advanced energy storage solutions.
• Expertise: Leveraging the parent company’s expertise, Coslight India delivers high-performance lithium-ion batteries for electric vehicles, meeting stringent quality standards.
• Technological Edge: Their focus on innovation and technological advancements ensures competitive offerings with features like fast charging and extended lifespan.
• Global Reach: Being part of an international conglomerate, Coslight India has access to global markets, contributing to its growth and expansion strategy.

VISION: Company vision is to surpass customer expectations by delivering tailored and innovative hybrid and energy storage solutions through adaptable architecture and cutting-edge technology.

MISSION: They are committed to consistently enhancing product quality, performance, and operational efficiency, while upholding our core values and engaging our dedicated employees to exceed customer expectations worldwide.

Certifications & Compliances: Coslight India ensures that their products meet international standards and certifications such as DIN, UL, ISO-9000, and ISO-14000. They provide Lithium-Ion and Advanced VRLA batteries that adhere to the latest quality and safety standards across all sectors.

• Coslight fully supports its products and solutions by providing a comprehensive service and support capability
• Present in India market for more than a decade and have established a professional Services and Support network
• Supported by 300+ strong workforce to support our operation on ground across India
• Successfully installed and supporting energy storage solutions for more than 35,000+ sites with different operators and Towerco’s across India.

Coslight India Telecom Pvt. Limited, established in 2007, operates manufacturing facilities in Una, Himachal Pradesh, and IMT Manesar, Gurgaon (Haryana). As a 100% subsidiary of COSLIGHT International Group, listed on the Hong Kong stock exchange, it provides Sales and Service support across Europe, the Middle East, Africa, India, and the Asia Pacific Region.

The company specializes in offering economically efficient and environmentally friendly Energy Storage and Hybrid solutions to support global telecom infrastructure, with a product range including VRLA batteries, lithium solutions, polymer/prismatic lithium-ion batteries, DC-DG Hybrid Power Systems, and Telecom Integrated Power Units.

Okaya Power Group:

• Overview: Okaya Power Group is a diversified energy conglomerate with a significant presence in the EV battery segment.
• Diverse Portfolio: They offer a diverse range of lithium-ion batteries suitable for electric scooters, motorcycles, and light vehicles, catering to varied consumer needs.
• Quality Assurance: Okaya prioritizes quality control measures and adheres to international safety standards, ensuring reliable and safe battery solutions.
• Market Penetration: With a widespread distribution network and strategic partnerships, Okaya continues to penetrate deeper into the Indian EV market, capturing market share steadily.

• 3 Manufacturing Plants spread over 16, 93,990 sq. ft. area
• 2 Central Warehouses covering 700,000 sq. ft. of the area
• 31 Regional Warehouses and Branch offices laid in, over an area of 1,57,435 sq. ft

Okaya provides a wide range of 12V SMF batteries based on the capacity at 20hr rating, ranging from 7.2 Ah to 200 Ah, tested and certified as per JIS C8702.

• Low-Pressure Venting System
• Heavy-Duty Grids
• Low Self-Discharge
• Gas Recombination System
• Wide Operating Temperature Range
• Manufactured in a modern, eco-friendly facility

Applications:

• Telecom Communication Equipments
• Fire Alarm and Security System
• Medical Instruments
• Solar Street lighting
• Computer Backup
• Automated Guided Vehicles
• Lawn mowers
• Solar Street lighting

Okaya Power Group, a leading battery manufacturer in India, operates three cutting-edge manufacturing plants covering a vast area of 16,93,990 sq. ft. The company emphasizes innovation and quality, boasting a rich history dating back to 1980. With a wide dealer network, extensive sales and service teams, and a global presence spanning over 45 countries, Okaya is committed to delivering satisfaction to over 110 million happy customers.

Greenvision Technologies (Relicell Batteries):

• Overview: Greenvision Technologies specializes in eco-friendly energy solutions, including lithium-ion batteries for electric mobility.
• Sustainability: Their batteries are designed with a focus on sustainability, utilizing eco-friendly materials and manufacturing processes to reduce environmental impact.
• Performance: Greenvision batteries offer competitive performance metrics, including high energy density and fast charging capabilities, enhancing the driving experience.
• Corporate Responsibility: Committed to corporate social responsibility, Greenvision actively engages in community initiatives and promotes green transportation solutions.

Relicell AGM VRLA batteries are high-quality, maintenance-free batteries manufactured using advanced technologies and high purity materials. They offer a long lifespan, high specific energy, and low self-discharge rate. These batteries are leak-proof, corrosion-resistant, and perform well in various temperature conditions.

On the other hand, Relicell Tubular GEL batteries are sealed maintenance-free batteries with tubular positive plates and pasted negative plates. They use a special gel electrolyte made by mixing acid with pyrogenic silica. The tubular spines are casted at 50 bar pressure, ensuring high compression and packing of lead. This design allows the batteries to withstand deep cycle applications and perform reliably in adverse weather conditions.

In summary, both AGM VRLA and Tubular GEL batteries from Relicell offer high performance, reliability, and durability. They are designed to meet the needs of various applications and provide excellent performance in different environmental conditions.

Established in 2008, Greenvision Technologies is a leading provider of energy storage solutions under the brand Relicell. Specializing in batteries for various applications, their manufacturing plant in Hosur, Tamil Nadu has an annual capacity of 300 million VAH. Headquartered in Bangalore, they have an extensive distribution network across India, serving various customer segments. Committed to quality, Greenvision holds ISO certifications and their products are tested and certified by reputable laboratories. With a strong heritage of product expertise and global exports, Greenvision is dedicated to delivering reliable energy storage solutions worldwide.

Eveready Industries India:

• Overview: Eveready Industries India, a household name in batteries, extends its legacy into the EV battery segment with a focus on reliability and affordability.
• Product Range: They offer a range of lithium-ion batteries suitable for electric two-wheelers and small vehicles, catering to urban commuters.
• Brand Trust: Leveraging its strong brand presence and trust, Eveready ensures quality assurance and dependable performance in its EV batteries.
• Market Adaptation: Eveready adapts swiftly to market dynamics, aligning product offerings with evolving consumer preferences and technological advancements.

Eveready, India’s leading battery brand, commands over 50% of the market share, earning trust and recognition synonymous with batteries. With the iconic campaign “GIVE ME RED,” Eveready made history in India’s advertising landscape 25 years ago, resonating with the youth and establishing a lasting connection.

• Eveready has a diversified product portfolio that includes flashlights, consumer lighting, professional lighting solutions, electrical accessories, and batteries.
• They hold a share of over 65% of India’s organized flashlights market and sell over 20 million flashlights annually.
• Eveready has 6 manufacturing plants, 1,000+ distribution points, 1,000+ van servicing retailers, and their products are sold in over 4 million outlets.
• The journey of Eveready started in 1905 with the marketing of Eveready Products in India. Eveready Industries India was incorporated in 1934 and became the leader in the dry cell batteries segment.
• Eveready has earned a strong reputation and continues to be popular among customers in India and internationally.
• The company focuses on innovation and constantly strives to improve its products and services.
• Eveready has become an integral part of the daily lives of many people.

Equipped with globally benchmarked technology platforms, Eveready’s manufacturing capabilities adhere to best-in-class operating standards, prioritizing quality (ISO 9000) and environmental best practices (ISO 14000). The company’s commitment to innovation is reflected in its research and development (R&D) facility approved by the Department of Scientific and Industrial Research (DSIR), Ministry of Science and Technology, Government of India.

Grinntech:

• Overview: Grinntech specializes in advanced battery management systems (BMS) and lithium-ion batteries for electric mobility applications.
• BMS Expertise: Their proprietary BMS technology optimizes battery performance, ensuring efficiency, safety, and longevity in electric vehicles.
• Innovative Solutions: Grinntech focuses on developing innovative battery solutions, including modular designs and smart charging capabilities, to address the evolving needs of EV manufacturers.
• Industry Recognition: With accolades and partnerships with leading automotive OEMs, Grinntech is recognized for its contribution to India’s electric mobility ecosystem, driving innovation and sustainability forward.

Grinntech was founded by Puneet Jain and Nikhilesh Mishra, who believe that electric vehicles (EVs) can revolutionize mobility and that intelligent battery solutions are crucial for their success. The company’s staff is driven by a shared passion for the environment, a belief in the power of science and technology, and a commitment to diversity. They are dedicated to achieving excellence in all their endeavors.

Grinntech’s leadership team blends the energy and innovation of youth with the expertise and insight of established thought leaders in the automotive and technology sectors. Led by CEO Nikhilesh Mishra and COO Puneet Jain, the company is poised to drive forward with vision and determination in the ever-evolving landscape of technology and automotive industries.

Grinntech is a start-up specializing in advanced Lithium-Ion batteries for EVs and energy storage systems, offering top-notch BMS and connectivity systems. They set new standards in safety, controls, energy-density, power-management, long life, and reliability. In addition to standard products, Grinntech also offers custom battery development services worldwide, collaborating with global technology firms and cell suppliers to incorporate cutting-edge advancements. They employ modern manufacturing techniques to ensure quality and performance, partnering with market-leading customers to support their future EV platforms.