The Indian electric vehicle (EV) market is booming, and with it comes the need for a robust domestic EV battery manufacturing industry. Here are some of the leading EV battery makers in India:
1. Exide Industries:
A well-established player in the battery market, Exide Industries is making a significant push into the EV space. They are planning to invest ₹60 billion to set up a lithium-ion cell manufacturing plant in India, with an initial capacity of 2 GWh.
2. Amara Raja Batteries:
Another major player in the Indian battery market, Amara Raja Batteries has been supplying batteries to the EV industry for several years. They have a strong presence in the two-wheeler EV segment and are expanding their portfolio to include four-wheeler batteries as well.
3. Tata Auto Components:
Part of the Tata Group, Tata Auto Components is a diversified supplier of automotive components. They have entered the EV battery market through a joint venture with Chinese battery giant EVE Energy. The JV will set up a 5 GWh lithium-ion cell manufacturing plant in India.
4. Mahindra & Mahindra:
Another major Indian automaker, Mahindra & Mahindra, is developing its own EV battery technology in collaboration with Korean battery maker Samsung SDI. They plan to start production of EV batteries in India by 2024.
5. Ather Energy:
Ather Energy is a leading electric scooter manufacturer in India. They are one of the few EV companies in India that make their own battery packs. Ather has filed 13 patents on the design and manufacturing of their batteries.
Other notable EV battery makers in India include:
Luminous Power Technologies
Okaya Power
Livguard Energy Technology
HBL Power Systems
Waaree Energy Storage System (WESS)
The Indian EV battery market is still in its early stages, but it is growing rapidly. These leading EV battery makers are well-positioned to capitalize on this growth and play a key role in the development of India's EV ecosystem.
It's important to note that the EV battery landscape in India is constantly evolving, so this list is not exhaustive. New players are entering the market all the time, and existing players are expanding their capacities. Keep an eye on this space for exciting developments in the coming years!
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