Top 10 Indian Electric Vehicle Battery Companies

Top 10 Indian Electric Vehicle Battery Companies

The India electric vehicle battery market size is expected to exhibit a growth rate (CAGR) of 23.57% during 2024-2032. As per the analysis by IMARC Group, the top India electric vehicle battery companies are developing a comprehensive service network to meet electric vehicle owners' demand. This service network includes a network of charging stations, battery replacement centers, and other related services that will help to attract more customers, which is impacting the overall market in India. Along with this, several top companies in 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. In addition, numerous key players are offering value-added services, such as battery maintenance, vehicle diagnostics, and other related services, to enhance customer satisfaction, which is significantly supporting the demand across the country. 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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The global light weapons market has several major players including Amara Raja Batteries Limited, Exicom Tele-Systems Limited, Exide Industries Ltd, Okaya Power Pvt. Ltd., Panasonic India Private Limited (Panasonic Corporation), Samsung SDI Company Limited, Tata AutoComp GY Batteries Private Limited and Toshiba India Pvt. Ltd. More information about these companies has been provided below.

1. Amara Raja Batteries Limited

Establishment: 1985
Headquarters: Hyderabad, India

Amara Raja Batteries Limited (ARBL) is an Indian multinational and one of the largest manufacturers of lead-acid storage batteries in the world. It is a leader in the production of automotive, industrial, and energy storage batteries. The company produces a wide range of products, such as automotive batteries, industrial batteries, solar power storage batteries, and energy storage solutions. Additionally, it has a strong research and development team which constantly works towards improving the technology and products offered by the company. Over the years, it has developed products for a variety of applications. This includes automotive batteries for passenger cars, two-wheelers, commercial and agricultural vehicles, forklifts, and industrial equipment. It also manufactures industrial batteries for UPS systems, standby power, telecom and medical applications, and energy storage solutions for solar and wind power applications. Moreover, it is committed to providing quality products and services to its customers. The company has a strong focus on customer satisfaction and has won several awards for its products and services. It is also committed to the environment and has adopted the latest technology to reduce its environmental impact.

2. Exicom Tele-Systems Limited

Establishment: 1994
Headquarters: Haryana, India


Exicom Tele-Systems Limited is an Indian company that provides communications solutions to businesses of all sizes. The company has been operating for over two decades, providing different services, such as unified messaging, cloud communications, contact centers, and more. It has developed a comprehensive suite of solutions for businesses of all sizes. Its solutions range from unified messaging to contact centers and also offer solutions, including voice, video, data, and web conferencing, as well as business process automation services. Its unified messaging solutions are based on voice over internet protocol (VoIP) and allow businesses to send and receive messages in a variety of formats. Additionally, it also provides a range of cloud-based communications solutions which include cloud-based unified messaging, contact centers, and other services. These solutions are designed to help businesses reduce costs, increase efficiency, and improve customer service. The company also provides applications and services for mobile devices. Moreover, it also offers professional services, such as consulting, training, and maintenance and customized solutions for businesses of all sizes.

3. Exide Industries Ltd

Establishment: 1947
Headquarters: West Bengal, India


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.

4. Okaya Power Pvt. Ltd

Establishment: 1987
Headquarters: New Delhi, India


Okaya Power Pvt. Ltd. is a leading manufacturer of batteries and power systems for automotive, industrial, and consumer applications. It has been at the forefront of technological innovation and sustainability initiatives. The company has developed pioneering technologies for battery and power systems and has achieved a leadership position in the Indian power industry. It has developed a wide range of products that are used in a variety of applications, ranging from automotive, industrial, and consumer applications. Additionally, it is involved in the development of green energy solutions and energy storage systems that are utilized in a variety of applications. The company also has strong relationships with leading OEMs and Tier-1 suppliers, which helps it to develop innovative and cost-effective solutions for its customers. It has a strong presence in the global market and has established a strong presence in the automotive, industrial, and consumer markets.

5. Panasonic India Private Limited (Panasonic Corporation)

Establishment: 1972
Headquarters: Haryana, India


Panasonic India Private Limited (Panasonic Corporation) is a leading global electronics and electrical components manufacturer. With a strong presence in India, Panasonic India is one of the leading manufacturers and suppliers of electric vehicle (EV) batteries in the country. It is a pioneer in the electric vehicle battery industry, having been one of the pioneers in the industry to introduce lithium-ion (Li-ion) battery technology in India. Its presence in the EV battery industry can be traced back to its involvement in the electric vehicle (EV) sector in India. The company is also working with leading Indian universities and research organizations to develop advanced battery technologies for the automotive sector in India. The Li-ion batteries manufactured by Panasonic India for the automotive sector have been designed to meet the stringent requirements of the Indian automotive sector. Its products are also highly reliable and have a significantly lower risk of failure than conventional lead-acid batteries.

6. Samsung SDI Company Limited

Establishment: 1922
Headquarters: Yongin-si, South Korea


Samsung SDI Co., Ltd. is a leading global energy and display solutions provider with a presence in numerous countries, including India. The company is a subsidiary of Samsung Electronics Co., Ltd., and it is the world’s largest supplier of lithium-ion batteries for electric vehicles (EVs). It is a leading innovator in the electric vehicle (EV) battery sector, and it is one of the most respected companies in the industry. It has a wide range of products, from small batteries for consumer electronics to large-scale battery packs for EVs. Additionally, it has invested heavily in research and development (R&D) for its electric vehicle battery solutions. It has also developed several innovative technologies that have revolutionized the industry, such as its proprietary smart battery technology. This technology allows for improved energy efficiency and longer battery life, and it also allows for rapid charging and discharging of the battery. Its commitment to innovation and quality has made it one of the most respected companies in the EV battery sector. Its products are used in some of the most advanced electric cars on the market, and it is well-positioned to continue to lead the way in the development of innovative battery solutions for the future of electric mobility.

7. Tata AutoComp GY Batteries Private Limited

Establishment: 2005
Headquarters: Maharashtra, India


Tata AutoComp GY Batteries Private Limited (TAGB) is a joint venture between Tata AutoComp Systems Limited and GS Yuasa International (GYIN). It is a leading manufacturer of automotive batteries in India and offers a wide range of batteries for various types of vehicles, such as cars, commercial vehicles, two-wheelers, and tractors. Additionally, it is a subsidiary of Tata Group, which is one of the largest conglomerates in India. The company specializes in manufacturing and supplying automotive components, engineering and design services, and supply chain management services. Moreover, its product portfolio includes batteries for passenger cars, commercial vehicles, two-wheelers, and tractors.

8. Toshiba India Pvt. Ltd.

Establishment: 2001
Headquarters: Haryana, India


Toshiba India Pvt. Ltd. is a subsidiary of the Japanese Toshiba Corporation. The company has been one of the leading players in the Indian electronics and electrical equipment market since its establishment in 1989. In recent years, Toshiba India has made a significant push into the electric vehicle battery sector. It has developed a range of high-performance lithium-ion batteries for use in electric vehicles. These batteries offer excellent power output, energy efficiency, and long battery life. It is also working on a range of advanced technologies for electric vehicles including fast-charging systems and advanced battery management systems. It has also been involved in the development of charging infrastructure in India, collaborating with the government, industry, and academia to develop suitable charging solutions. The company has also been involved in the development of smart charging solutions and energy storage systems for electric vehicles. It is committed to providing innovative, reliable, and cost-effective solutions to the electric vehicle industry in India. Moreover, it is working on introducing advanced technologies in the electric vehicle sector and creating an eco-friendly environment in India.

About Author:

Aditi Kumar 

Senior Content Writer at IMARC Services Private Limited   

Aditi is a content writer and editor at IMARC Services Private Limited with over two years of experience in market research, covering diverse sectors from information technology to healthcare, automotive, oil and gas, food and beverage, and electronics. She actively works on numerous predictive and exploratory research projects and has hands-on experience analyzing and writing about macro and micro markets. Besides writing, Aditi loves baking and reading novels.



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