List of Top 10 Lithium Battery Manufacturers in India: Listed Companies in Stock Market (BSE / NSE). As India witnesses rapid growth of electric vehicles (EVs), renewable energy storage solutions, and portable electronic devices, the demand for lithium-ion batteries in India has skyrocketed.
India boasts several major players in the lithium-ion battery manufacturing sector, each contributing significantly to the nation''s EV ecosystem by producing large quantities of batteries. Some of the leading companies driving this growth are Amara Raja Batteries, Exide Industries, TDSG (Toshiba-Denso-Suzuki Gigafactory), and Tata Chemicals
Exide Industries is the top producer of storage batteries in India. It produces batteries for use in automobiles, machinery, and submarines, among other applications. Exide and Leclanche recently inked a Memorandum of Understanding to produce Li-ion batteries for the Indian EV market.
Leading battery companies in India include Exide Industries, Amara Raja Batteries, and Tata Chemicals. These best lithium stocks in India are involved in the production and development of various types of batteries, including lithium-ion batteries, which are essential for electric vehicles and renewable energy storage.
According to a research study, 90% of the total lithium-ion battery demand will be driven by automotive applications, in addition to the demand for LiB in the non-automotive segment, comprising data centers, grid-scale renewable energy (RE) integration, rooftop solar (RTS), etc.
For example, the Ziptron technology of Tata Passenger Electric Mobility Limited (a subsidiary of Tata Motors Limited) is based on lithium-ion battery chemistry for a powerful electric drive experience.
Furthermore, Ola Electric Mobility (Ola Electric)—a leading Indian EV manufacturer—stated that the company launched “India’s first indigenously developed lithium-ion cell (NMC 2170).” Ola Electric plans to begin cell manufacturing on a mass scale at its upcoming gigafactory by 2023. Apart from this, International players like Vinfast is developingglobal EV battery plant in thoothukudi,Tamil nadu.
Battrixx is a wholly owned subsidiary of Kabra Extrusion Technik Ltd. (KET), which belongs to the Kolsite Group. The company is a leading name among the lithium ion battery marketin India. The company specializes in advanced lithium-ion battery packs and modules for electric vehicles, solar power systems, and other applications.
With its customized lithium ion battery modules, packs, and Battery Management System (BMS), Battrixx promises to give increased range and longer battery life to the electric vehicle segment, as well as safe and reliable energy storage systems.
CATL, or Contemporary Amperex Technology Co., Ltd., is a Chinese Lithium-ion battery manufacturer known as “the world’s largest manufacturer of lithium-ion batteries.” The company has a global presence with manufacturing facilities in China, Europe, and the United States.
CATL's presence in India is part of the company’s strategy to expand its global footprint. The company sees India as a key market for growth in the electric vehicle and energy storage markets.
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