Top 10 Best Lithium-ion Battery Manufacturers in India

As the Electric Vehicle industry gets more popular day-by-day so the Lithium-ion battery used in EVs is also going popular these days. Obviously, lithium-ion battery manufacturers are gaining popularity globally as well as in India.

Lithium batteries gaining a lot of traction in consumer electronic devices because of their low weight, high energy density, and longer lifetimes.

Now, they are being used in energy storage and electric vehicles as well. The Indian market has great potential to grow but more investment is needed. The top 10 Lithium-ion battery manufacturers in India are 1. Loom Solar 2. Li Energy 3. Reliance EV 4. Amara Raja EV 5. Mahindra EV 6. TDS Lithium-ion 7. Ola EV 8. Exide EV 9. Hyundai EV and 10. HBL Power.

 top 10 Lithium-ion Battery
Lithium-ion Battery

Before talking about the details of the above battery makers, let’s take a quick look at some important things below

Industry Spotlight on Lithium-ion Battery

As we discuss the demand for lithium-ion batteries nowadays it holds 24% of global demand in the EV industry. This percentage is expected to rise to almost 80% by 2030. Rest will come largely from electronics, energy storage, and other gadgets.

Last year lithium demand was about 3,20,000 tonnes and is expected to reach 1 million by 2025 and 3 million by 2030. These batteries are also used in telecom, government projects, and toys.

The top brand Tesla, one of the global leaders in EVs, consumes lithium batteries in electric vehicles and energy storage as it increases the manufacturing of electric cars globally. Ola, Reliance, and Mahindra are such names that have planning to set up manufacturing plants in India to full fill the consumption of this battery.

Automobile battery leaders like Exide and Amaron (Amarraja) have also planned to set up an additional manufacturing plant in India. Finally, energy storage is also one type of consumption of batteries. Some companies like Loom Solar, Luminous, etc. work for consumers.

PLI scheme: India is targeting a total of 50 GWh of battery storage capacity over 5 years. To successful achievement of the target, the Indian government approved the PLI (Production Linked Incentive) scheme for ACC battery storage with an outlay of Rs. 18,000 crores to make India self-reliant in the manufacturing of advanced storage technologies.

Top 10 Lithium-ion Battery Manufacturer in India

Let’s dive into the details of lithium battery manufacturers in India in 2022

1. Loom Solar

Lithium-ion Energy Storage
Lithium-ion Energy Storage

The first lithium battery manufacturer to offer the 6 Ah to 100 Ah range in the consumer segment as Loom Solar adds lithium battery to its product portfolio. In this B2C venture, the customers will have the advantage to use the same for home applications also. The company has worked on product integration through research and innovation for the evolving lithium battery segment.

2. Li Energy

It is the largest Lithium battery manufacturing facility in India with an annual capacity of 1.2 Gigawatt. In 2019 Li Energy made a bold & simple plan to develop the first lithium-ion cell & battery system in India, to become independent from imports in the sustainable transition toward electric mobility and energy.

Li Energy lithium-ion manufacturer
Li Energy

Li Energy acquired 7 Acres of land in Chennai for lithium-ion prismatic battery assembly line and R & D. Again, acquired 125 acres of land to develop a Special Economic Zone (SEZ ) in the south of Tamil Nadu for manufacturing lithium cell and material processing for cathode, anode, and electrolyte.

The company gives 10 years service warranty which is the longest battery warranty in India and the company builds Prismatic Lithium Iron Phosphate Battery Technology which is perfect for the Indian market: safe, long life, low cost, and stable thermal control.

3. Reliance EV

Reliance New Energy Solar has bought Faradion, a UK start-up developing sodium-ion batteries. The company is investing to accelerate the commercialization of batteries for electric vehicles. The company claims this technology is safer as well as cheaper. If successful, Reliance will be benefited both in renewable power storage as well as vehicles. Reliance is also building an integrated Giga manufacturing facility in India.

4. Amara Raja EV

Amaron is a brand of Amara Raja Group, a technology leader and one of the largest manufacturers of lead-acid batteries for both industrial and automotive applications in the Indian storage battery industry. Now the company is trying to transition from lead-acid batteries to lithium-ion batteries, as and solution for electric mobility.

Amaron Battery
Amaron Battery

The company has also some other businesses like packaged food and beverage, the Infrastructure sector, Electrical system manufacturing, etc. Amara Raja Group is also planning to make a Giga factory to produce batteries for electric vehicles.

5. Mahindra EV

Mahindra- another leading company in the automobile industry, also jump aggressively into the electric vehicle segment. The company submitted bids under the PLI scheme for the manufacturing of lithium batteries in India. Mahindra is planning to set up a battery manufacturing plant. The company also launched the country’s first lithium-ion battery-powered auto rickshaw.

6. TDS Lithium-ion

TDS Lithium-Ion Battery Gujarat Pvt. Ltd or TDSG is India’s first Li-ion battery plant of this scale with cell level localization, the collaboration between TOSHIBA, DENSO, and Suzuki Motor to manufacture and sell lithium batteries to Maruti Suzuki India Ltd and Suzuki Motor Gujarat.

These batteries are of superior features like performance in extreme conditions, fast charging, and the use of lithium titanate to enhance safety. These batteries can be recycled over 20 thousand times will give the way for a cleaner & greener India.

7. Ola EV

Ola was one of the first few shared cab services to penetrate an electric fleet. The company is also a participant in the PLI scheme for battery manufacturing. Ola Electric Mobility Pvt. Ltd has launched 2 models of electric scooters into the market. The company pledged to build the world’s biggest electric scooter factory.

8. Exide EV

Exide Industries is one of the trusted brands in the battery segment and India’s largest selling battery company.

Exide Battery
Exide Battery

Exide is also a bidder in the PLI scheme for National Programme on ACC battery storage announced by the Government. The company has started manufacturing lithium-ion cells for electric vehicles. Exide has 9 manufacturing plants in India.

9. Hyundai EV

Hyundai, also one of the leading car companies in India, has gone electric with the launch of a premium electric vehicle, Kona. The company wants more partners in this sector to grow its business. Quantum Computer Firm and IonQ are the partners of Hyundai for developing batteries, focusing on improving the durability, capacity, and safety of lithium batteries to be used in electric vehicles.

10. HBL Power

HBL Nife Power System is an Indian Battery and electrical system manufacturer. The company has built a global presence in critical sectors including Aviation, Defence, Telecom, and Railways. Now the next horizon for HBL is the transport revolution and shift to eMobility. HBL products are known for their reliability, safety, cost-effectiveness, and environmental friendliness.

Top Lithium-ion Battery Manufacturers Globally

  • Automotive Energy Supply Corp.
  • Toshiba
  • Samsung SDI
  • LG Chem
  • Blue Energy
  • BYD
  • A123 System etc.

Conclusion

The lithium-ion battery is one of the replacements for old technology lead-acid batteries. It is because lithium battery requires little maintenance and are relatively lighter than others. They are used in a variety of products like cars, mobile phones, home applications, and many other places.

Hence, Lithium-ion battery manufacturers are gaining more success because of their demand. Finally, it is expected that the coming decade will be the Electric Vehicle and the new technologies will be used in batteries for better uses and environment friendly.

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