Battrixx (KET) is a leader in lithium-ion battery technology. Based in Mumbai, since 2009, the company has focused on green energy solutions. It manufactures battery packs for electric vehicles, offering products for a range of electric appliances, including bikes and forklifts.

CATL (300750) has become the world’s largest lithium-ion battery manufacturer as of 2023. While it does not produce batteries in India, its products are a significant part of the Indian market, used extensively in electric vehicles.

Exicom Tele-Systems Limited (N/A), founded in 1994, specializes in state-of-the-art lithium-ion cells for EV chargers and industrial power systems. With exports to 15 countries, it leads in telecom industry applications.

Grinntech Motors (N/A), based in Chennai, is a pioneer in energy storage solutions. It focuses on electrification of mobility vehicles, producing high-quality lithium-ion cells for a variety of automotive applications.

Panasonic Life Solutions India Pvt. Ltd. (6752), a subsidiary of Panasonic Group, has partnered with IOCL to produce cylindrical lithium-ion batteries. These are used in electric vehicles and essential electronic devices.

Gotion Inc. (002074), boasting its R&D center in Hefei, China, recently partnered with Amara Raja in India for local battery production. Despite no direct manufacturing in India, Gotion aims for next-gen battery technologies.

LG Energy Solution (373220), originating from South Korea, caters to diverse sectors, including automotive and aerospace. It was the first to supply batteries for NASA spacesuits and continues to expand its environmental footprint.

Samsung SDI India Pvt. Ltd. (006400) produces diverse lithium-ion cells at its Noida plant. The batteries are designed for varied applications such as electric vehicles and IT devices.

Toshiba India Pvt. Ltd. (6502) collaborates with EVage, focusing on the supply of advanced batteries for electric and industrial applications, enhancing infrastructure operations.

Okaya EV Private Limited (N/A) prides itself on being the third-largest battery manufacturer in India. Specializing in electric vehicle batteries, its innovations like the Okaya Royale continue to lead the market.

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