Amara Raja Batteries Ltd (AMARON), headquartered in Tirupati, Andhra Pradesh, is a key player in the Indian lithium-ion battery sector. With over 18,532 employees and revenues surpassing $2 billion in 2024, the company is setting up a Gigafactory in Telangana to meet the growing demand for lithium-ion batteries.

Exide Industries (EXID), based in Kolkata, has been manufacturing various types of batteries for over seven decades. The company has teamed up with Switzerland-based Leclanche S.A. to enhance its lithium-ion battery production capabilities.

TDSG (Toshiba-Denso-Suzuki Gigafactory) in Ahmedabad is a joint venture that focuses on manufacturing LTO-based lithium-ion batteries. This facility plays a crucial role in supplying batteries for Maruti Suzuki and Suzuki Gujarat vehicles.

Tata Chemicals is investing heavily in lithium-ion battery production at its Sanand plant in Gujarat. This move supports Tata Motors’ aspirations to increase electric vehicle sales to 25% of total sales by 2026.

Luminous Power Technologies offers a range of lithium-ion batteries designed for high performance and minimal maintenance. The company aims to advance its battery technology through strategic partnerships.

Okaya Power Group, located in New Delhi, produces a variety of batteries, including lithium-ion options. Their products are known for their long lifecycle and comprehensive safety features.

HBL Power Systems Ltd, headquartered in Hyderabad, manufactures NMC and LFP-based lithium-ion batteries. The company is actively involved in producing battery management systems for diverse applications.

Panasonic India has partnered with Indian Oil Corporation to produce cylindrical lithium-ion batteries, targeting the expanding two- and three-wheel vehicle markets.

Ola Electric, based in Bengaluru, is a major producer of electric vehicles. With its own gigafactory, Ola Electric is pioneering battery cell manufacturing with its Bharat 4680 cell initiative.

Log9 Materials, a Bengaluru-based startup, offers innovative battery solutions with its RapidX series. The company is expanding its lithium-ion cell production to meet growing energy demands.

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