Top 10 Battery Manufacturing Companies in India

You must have observed how the government is encouraging electrical vehicles, renewable energy, and the reduction of greenhouse gases. Sustainable and eco-friendly sources of energy have become one of the major objectives of our country to cope-up the climate change. Eventually, an effective “energy storage” emerged as a key tool for those seeking decarbonization and attaining CO2 free economy. And when it comes to energy storage, the vital player is “Battery.” As you know, a battery is nothing but a containing consisting of cells that converts chemical energy into electrical energy. It is an environmentally friendly source of power.

Batteries have become a central component in every electrical equipment ranging from automobiles to smartphones. Consequently, the battery manufacturing industry in India is exponentially rising in the past 7 years. Even though China is the largest manufacturer of batteries in the world, India is not far behind. Through this article, you will get to know about the “Top 10 Battery Manufacturing Companies in India.” That made our nation one of the global battery manufacturing industry’s key global players.


S. No.Name of Battery Manufacturing CompanyMarket Capital 
1.Exide Industry LtdINR 15,661 crore 
2. Amara Raja Batteries LtdINR 9,742 crore
3.HBL Power Systems LtdINR 2,639 crore
4.Eveready Industries India LtdINR 2,478 crore
5.High Energy Batteries LtdINR 282.32 crore
6.Indo National LtdINR 278.78 crore
7.Panasonic Energy India Company LtdINR 191 crore
8.Goldstar Power LtdINR 182 crore
9.Luminous Power Technologies LtdINR 95 crore
10. Livguard Batteries Pvt LtdINR 21.50 crore


Let us explore some of the top battery manufacturing companies in India.

1: Exide Industry Limited

Exide Industry Ltd 1

Exide Industry Limited is the largest battery manufacturing company in India. Its net worth is INR 15,661 crores. Being one of the oldest battery manufacturing companies, it continues to manufacture long-lasting batteries at nominal prices successfully. The head office of Exide Industry Limited is present in Kolkata (West Bengal, India) It produces various types of batteries, such as-

  • Automotive Batteries
  • Industrial Batteries
  • Inverter Batteries
  • Institutional UPS Batteries
  • Solar Solutions
  • Genset Batteries
  • Submarine Batteries
  • Home UPS Systems
  • E-Rickshaw Vehicles

2: Amara Raja Batteries Limited

Ama Raja Batteries Company

Amara Raja Batteries Limited (ARBL or Amaron) is a leading manufacturer of lead-acid batteries in the storage battery industry of the out nation. It produces batteries under the brands Amaron and PowerZone for industrial and automotive applications. Its enormous market capital is worth INR 9,742 crore. The headquarters of ARBL is located in Tirupati, (Andhra Pradesh, India). It distributes its products (manufactured batteries) through pan-India sales and service retail networks. Its clients are Ford India, Hyundai, Maruti, Suzuki, Honda, Mahindra & Mahindra, Royal Enfield Bajaj Auto Ltd, and others. Along with batteries, it also manufactures equipment for the telecom sector, UPS sector, Indian Railways, and Power, Oil & Gas. It produces the following types of batteries-

  • Automotive Batteries– Aftermarket, OEM, International Operations, Private Label
  • Industrial Batteries– UPS, Telecom, Solar, Railways, Motive, Defence

3: HBL Power Systems Limited

HBL Power Systems 1

HBL Power Systems is one of the leading designers, developers, and manufacturers of specialized batteries and DC power systems in India. It was established in 1977 and headquartered in Hyderabad (Telangana, India). It strived successfully to provide efficient and durable batteries for defense, IT, telecom, railways, aviation, renewable energy, and the e-mobility sector. Its market capitalization is INR 2,639 crore. It produces the following types of batteries-

  • Lead acid batteries
  • Pocket plate batteries 
  • Lithium-Ion batteries 
  • Nickel Cadmium batteries

4: Eveready Industries India Limited

Eveready Industries India

Eveready Industries India Ltd uses advanced and superior technologies to make batteries that excel in quality and affordability. Their target customers are ordinary people who use batteries for household purposes like torches, lamps, TV remotes, watches, etc. You must have heard the name of this brand as it extensively focuses on marketing and advertising through television commercials. With years of successful business, it has become a home-grown battery manufacturing brand for Indians. It has a net worth of INR 2,478 crore. Also, its headquarters is present in Kolkata (West Bengal, India). It majorly produces the following types of batteries-

  • Zinc carbon batteries
  • Alkaline batteries
  • Rechargeable batteries

5: High Energy Batteries Limited

High energy batteries ltd

High Energy Batteries (India) Limited is famous for producing batteries for the defense sector. It specializes in manufacturing batteries for naval expeditions and aero-defense systems. Even though it was established back in 1979, the batteries of this company are still famous for their durability and long-lasting capability. Its headquarters are present in the Namakkal District of Tamil Nadu (India). The market capital of High Energy Batteries Ltd is INR 282.32 crore. It produces the following types of batteries-

  • Silver Zinc Batteries
  • Nickel Cadmium Batteries
  • Lead Acid Batteries
  • Silver Chloride Batteries

6: Indo National Limited

Nippo Indo battery 1

Established in 1972, Indo National Limited has become famous in India with the nickname “Nippo.” It provides batteries that perform efficiently for a long period due to its standard quality. Along with batteries, it also manufactures LEDs and torch lights. Its main headquarters is present in Chennai (Tamil Nadu, India), and has more than 30 offices in all over India. Thus, it has a pan-India reach with a market capitalization of INR 278.78 crore. It produces the following types of batteries-

  • Manganese Oxide dry cell batteries
  • Gold high-powered batteries 
  • Nickel-cadmium batteries

7: Panasonic Energy India Company Ltd

Panasonic Energy India Company Limited

In India, there is hardly anyone who is unaware of the name “Panasonic.” Being a leading supplier of electronics and devices, it is also famous for producing high-quality batteries. Its headquarters are present in Vadodara (Gujrat, India). It is one of the largest manufacturers and suppliers of dry cell batteries, lithium-ion batteries, storage battery systems, and lighting products in India. Established in 1972, it produces the following major types of batteries-

  • Dry batteries
  • Lithium-ion batteries
  • Lithium secondary batteries
  • Storage battery modules
  • Nickel-metal hydride batteries
  • Zinc Carbon batteries
  • Evolta batteries
  • Eneloop Batteries & chargers

8: Goldstar Power Ltd

goldstar 222

Established in 1982, Goldstar Power Ltd has emerged as a significant battery manufacturing company in the All-India Small-Scale Industry. Its production unit and headquarters are present in Jamnagar (Gujrat, India). It has an astonishing ability to produce more than 50,000 batteries per month. It caters to all three segments of the market- Exports, Domestic/After Market Sales, and OEM (Original Equipment Manufacturer). Another amazing fact is the batteries of this company have a long life of 42 to 48 months. Also, it can be recycled smoothly, to reduce the hazardous impact on the environment. Its net worth is INR 182 crore. It produces these kinds of batteries-

  • Automotive Batteries
  • Solar Batteries 
  • Inverter Batteries
  • Tubular Batteries
  • SMF-VRLA Batteries
  • E-rickshaw
  • Motorcycle batteries

9: Luminous Power Technologies Private Limited

Luminous battery 111

It was founded in 1988. Its headquarters are present in New Delhi (India). It is one of the leading electrical specialists in the country comprising vast power backup solutions in the form of efficient batteries. Its market capitalization is INR 95 crore. Along with electrical and electronic appliances, it produces the following types of industrial batteries-

  • GEL batteries
  • Tubular plate batteries
  • Flat plate batteries

10: Livguard Batteries Private Limited

Livguard Company

Livguard Batteries Private Limited is famous for its inverter and automotive batteries. It was established in January 2012. Currently, its market capitalization is worth INR 21.50 crore. Its headquarters are present in Gurugram (Haryana, India). The batteries of Livguard are famous for their strong and sturdy designs with long-lasting performance. Also, they are highly economical and have a warranty. It produces the following types of batteries-

  • Automotive batteries
  • Inverter batteries
  • Stabilizers

Final Words

Thus, battery manufacturing companies play a significant role in boosting the supply of indigenous batteries i.e., made-in-India batteries. The information shared in this article aims to provide a better idea regarding the current scenario of the battery manufacturing industries of India. 

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Published By: Supti Nandi
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