Top Indian Companies Poised to Dominate the Lithium-ion Battery Market

Top Indian Companies Poised to Dominate the Lithium-ion Battery Market are increasing daily as the demand for the Lithium-ion battery is also growing. The forecast for Indian consumption in 2026 will be double the 2023 demand in various sectors like Inverter, UPS Solar and EV sector. Inverter, UPS, and solar markets are shifting to lithium-ion batteries, ditching the tubular lead acid battery. Also, the shift is happening towards Energy Storage Systems from the pollution creator Diesel generators.

Here are 10 of the leading lithium-ion battery manufacturers in India:

  1. Su-vastika: It’s a start-up company being mentored by industry veteran Mr. Kunwer Sachdev. Founder Su-kam, also called the ” Inverter Man of India”, is the brain behind this company and is aggressively working on Energy Storage systems in India. Su-svastika has developed Lithium-ion batteries for the Inverter, UPS, and Energy Storage Systems, and they have already launched several models for 12V,24V and 48V Lithium Retrofit batteries for the inverter and UPS industry. They have installed 100 KW systems and above in hotels, hospitals, and industry for the Battery Energy storage system, and very soon, Su-vastika will launch E-rickshaw and E-cooter batteries.

  2. Amara Raja Batteries: A well-established player in the Indian battery market, Amara Raja has expanded into lithium-ion battery production through its subsidiary, Amaron. Their batteries are known for reliability and performance, making them popular for electric vehicles and other demanding applications.
  3. Exide Industries: One of the oldest battery manufacturers in India, Exide has also entered the lithium-ion battery market with a focus on two-wheeler and three-wheeler electric vehicles. They offer a variety of battery packs with different capacities and ranges to meet the needs of different customers.
  4. Tata Chemicals: A leading producer of chemicals and salt, Tata Chemicals has ventured into lithium-ion battery manufacturing through its subsidiary, Tata Autocomp Systems. They are currently setting up a large-scale lithium-ion battery manufacturing plant in India.
  5. Okaya Power: Established in 1989, Okaya is a leading manufacturer of lead-acid batteries and has recently started producing lithium-ion batteries. They offer a range of lithium-ion batteries for two-wheeler electric vehicles and other applications.
  6. Mahindra & Mahindra: A major player in the Indian automotive industry, Mahindra has a dedicated electric vehicle arm, Mahindra Electric Mobility, which also manufactures lithium-ion batteries for its electric vehicles.
  7. Luminous Power Technologies: A leading provider of power backup solutions, Luminous has entered the lithium-ion battery market with a focus on home and small business applications. They offer a range of lithium-ion batteries with different capacities and features.
  8. Panasonic Life Solutions India: A subsidiary of the global electronics giant Panasonic, Panasonic Life Solutions India manufactures lithium-ion batteries for a variety of applications, including electric vehicles, consumer electronics, and industrial use.
  9. Samsung SDI India: Another subsidiary of a global electronics giant, Samsung SDI India manufactures lithium-ion batteries for electric vehicles and other applications. They are known for their advanced battery technology and high-quality products.
  10. Waaree Energies: Waaree Watts Up: Solar Leader Expands into Lithium Battery Manufacturing for Grid Storage. Leading Lithium Ion Battery Manufacturers | Waaree Technologies Ltd

The Top Indian Companies Poised to Dominate the Lithium-ion Battery Market is described here with collating the data from the different sources and there may be some other companies which are not being mentioned here by mistake..

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