Top 10 Indian Electric Vehicle Battery Companies

The India electric vehicle battery market size reached USD 2,215 Million in 2024. The market is expected to reach USD 13,891 Million by 2033, exhibiting a growth rate (CAGR) of 22.6% during 2025-2033. Leading India electric vehicle battery companies are developing a comprehensive service network to meet the needs of electric vehicle owners. This service network comprises a network of charging stations, battery replacement centers, and other related services designed to attract more customers, thereby impacting the overall market in India. Along with this, several top companies are focusing on advancing battery technology to improve the performance and reliability of electric vehicles while providing longer-lasting battery life, faster charging times, and improved charging efficiency, which is gaining widespread prominence among the masses.

Apart from this, several companies in the electric vehicle battery market are heavily investing in extensive research and development (R&D) activities in order to create more advanced and efficient batteries, which is propelling the product demand among individuals. Moreover, the growing number of partnerships and collaborations with other companies to improve their products and services is creating a positive market outlook as it aids India electric vehicle battery companies in gaining access to new markets, developing new technologies, and increasing the appeal of electric vehicles. Some of the other factors driving the market include rapid urbanization and growing environmental consciousness among the masses.

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List of Top Companies Operating in the India Electric Vehicle Battery Industry:

The Indian electric vehicle battery market has several major players including Aqueouss, Batteryinc, Battrixx, Bharatcell, EV Battery Solutions, Exicom Energy Systems Pvt. Ltd, Exide Industries Limited, Grinntech Motors & Services Pvt. Ltd., Ipower Batteries, and Yuki Electric India Pvt. Ltd. More information about these companies has been provided below.

1. Aqueouss

Aqueouss is a dynamic player in the Indian EV battery market, specializing in advanced lithium-ion and lithium iron phosphate (LFP) battery solutions. The company designs and manufactures high-performance battery packs for electric two-wheelers, three-wheelers, and light commercial vehicles. With a strong emphasis on safety, efficiency, and long cycle life, Aqueouss focuses on delivering reliable and cost-effective energy storage solutions. The company invests heavily in research and development, offering customized battery technologies to meet diverse mobility needs. Aqueouss is also committed to sustainability, ensuring eco-friendly manufacturing processes and promoting clean energy adoption in the rapidly growing electric mobility sector.

2. Batteryinc

Batteryinc is a fast-growing EV battery manufacturer known for innovative and scalable energy storage solutions. The company produces lithium-ion battery packs tailored for electric vehicles, renewable energy integration, and backup power systems. With a focus on quality, safety, and efficiency, Batteryinc has developed advanced battery management systems (BMS) that enhance performance and durability. The company’s portfolio covers electric scooters, rickshaws, and commercial fleet vehicles, ensuring versatile market presence. Batteryinc also provides end-to-end solutions, including design, assembly, installation, and after-sales support. By leveraging advanced materials and green manufacturing, the company strives to make EV adoption more accessible and sustainable.

3. Battrixx

Battrixx, part of the Kabra Extrusiontechnik group, is one of India’s leading EV battery solution providers. The company specializes in designing and manufacturing lithium-ion battery packs for electric two-wheelers, three-wheelers, and other e-mobility applications. Known for its robust technology and industry partnerships, Battrixx focuses on enhancing battery safety, longevity, and performance. It offers advanced battery management systems and end-to-end solutions for OEMs and fleet operators. With a strong commitment to sustainability, the company integrates eco-friendly practices in manufacturing and recycling. Battrixx continues to play a pioneering role in accelerating India’s transition to green mobility by driving innovation in EV energy storage.

4. Bharatcell

Bharatcell is an emerging company in India’s EV battery manufacturing sector, offering high-performance lithium-ion and LFP batteries for electric vehicles. The company caters to diverse mobility segments, including two-wheelers, e-rickshaws, and commercial vehicles. With an emphasis on indigenous design and development, Bharatcell aims to reduce reliance on imports and promote self-reliance in energy storage solutions. The company’s batteries are engineered for durability, fast charging, and thermal stability, ensuring reliable performance across Indian conditions. Bharatcell also prioritizes sustainability by adopting clean manufacturing technologies. With a vision to drive India’s EV revolution, the company is steadily building a strong footprint in the market.

5. EV Battery Solutions

EV Battery Solutions is a specialized manufacturer and service provider focused on delivering comprehensive energy storage systems for electric vehicles. The company offers a diverse portfolio of lithium-ion batteries, customized packs, and integrated battery management systems designed for two-wheelers, three-wheelers, and commercial fleets. Known for its innovation-driven approach, EV Battery Solutions combines advanced R&D with practical applications to improve efficiency, safety, and lifecycle performance. Beyond manufacturing, it provides installation, maintenance, and battery recycling services, creating a full-service ecosystem. By emphasizing quality and sustainability, EV Battery Solutions contributes to cleaner mobility and supports India’s transition toward a greener transportation infrastructure.

6. Exicom Energy Systems Pvt. Ltd

Exicom Energy Systems is a leading player in India’s electric vehicle battery landscape, driving the shift toward sustainable energy through its innovations across the integrated energy value chain and electric mobility. The company operates as a comprehensive solutions provider specializing in lithium-ion battery systems, battery management systems (BMS), and energy storage solutions tailored for electric vehicles across multiple segments. The company's key innovations include advanced battery analytics platforms, intelligent battery swapping systems, and integrated energy solutions that combine renewable energy with EV charging infrastructure. Exicom has designed, developed, and deployed more than 250+ EV Battery Swapping Stations to promote eco-friendly mobility and deliveries, demonstrating a strong commitment to sustainable transportation solutions.

7. Exide Industries Limited

Exide Industries Ltd. is one of the leading and largest manufacturers of lead acid storage batteries in the world. The company produces and markets a wide range of lead acid storage batteries, including automotive batteries, inverter batteries, deep cycle batteries, tubular batteries, and other power-related products. The company has set itself apart from the competition with its strong focus on research and development and its commitment to the highest standards of quality and service. It has a wide range of products, from automotive and inverter batteries to energy storage systems and solar products. It also offers different services, such as the installation and maintenance of batteries, recharging, and recycling. Additionally, it has been at the forefront of innovation in the industry, introducing a number of firsts, such as the first tubular battery, the first VRLA battery, and the first automotive battery with a built-in digital display. It is committed to promoting the responsible use of resources and to reducing the overall environmental impact. It has adopted a zero-waste policy and has invested in renewable energy projects.

8. Grinntech Motors & Services Pvt. Ltd.

Grinntech Motors & Services Pvt. Ltd. is a technology-driven EV battery manufacturer known for its advanced lithium-ion batteries and intelligent energy solutions. The company focuses on research-intensive product development, offering high-performance battery packs for electric two-wheelers, three-wheelers, and small commercial vehicles. Its proprietary battery management systems (BMS) enhance safety, efficiency, and real-time performance monitoring. Grinntech collaborates with OEMs and fleet operators to deliver tailored solutions that meet diverse operational needs. With a strong commitment to sustainability, Grinntech integrates eco-friendly practices in its operations. The company is recognized for its role in driving innovation and accelerating the adoption of electric mobility in India.

9. Ipower Batteries

Ipower Batteries is a prominent EV battery manufacturer specializing in next-generation lithium-ion and LFP battery packs. The company provides reliable energy storage solutions for electric two-wheelers, e-rickshaws, and light commercial vehicles. With a strong emphasis on product quality and safety, Ipower designs batteries that deliver long cycle life, fast charging, and high energy efficiency. The company invests in cutting-edge R&D to develop innovative battery management systems and customized solutions for OEMs. Ipower Batteries also promotes sustainability through green manufacturing practices and recycling initiatives. By blending technology with affordability, the company aims to make EV adoption faster and more accessible in India.

10. Yuki Electric India Pvt Ltd

Yuki Electric India Pvt. Ltd. is a growing force in the EV battery market, offering advanced lithium-ion battery solutions for electric mobility and energy storage. The company develops high-performance battery packs for two-wheelers, three-wheelers, and commercial EVs, focusing on durability, safety, and efficiency. With strong in-house design and R&D capabilities, Yuki Electric delivers customized energy solutions tailored to Indian market requirements. The company also provides installation, maintenance, and after-sales support, ensuring reliable customer service. Dedicated to sustainability, Yuki Electric integrates eco-conscious processes in manufacturing and recycling. It continues to contribute to India’s vision of clean and green mobility through innovative battery technologies.

Get an inside look at the Indian electric vehicle battery market with exclusive insights, including:

• CAGR projections during the 2025-2033 forecast period.
• In-depth information on the factors that will fuel the Indian electric vehicle battery market growth in the next five years.
• Precise predictions regarding upcoming trends and potential changes in consumer behavior.
• Analysis of the Indian electric vehicle battery industry's expansion at the regional and global level.
• A thorough review of the market's competitive landscape and detailed information on key players.
• Detailed explanations of the challenges that could impede the growth of the Indian electric vehicle battery market.

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