One of the most major factors driving rising demand for Lithium-Ion batteries is the growing popularity of electric cars. Rising EV sales across the country, particularly in the 2- and 3-wheeler segments, have boosted the demand. Lithium batteries have transformed how they are utilized due to their advantages over lead-acid batteries. We’ll look at Lithium-ion Battery Manufacturers in India in 2022 in this blog.

By 2030, the market for electric vehicle power packs is expected to reach $300 billion, with a large secondary market of more than 2.5 million e-rickshaws and 4,00,000 lead-acid battery-powered two-wheelers now on the road.

The most expensive component of an electric car is the lithium-ion battery, which accounts for 40-50 percent of the total cost. With the growing use of electric vehicles in our transportation system, demand for Li-ion batteries for EV applications is expected to soar. Other uses, such as renewable energy integration with the grid, will raise Li-Ion battery demand in addition to electric vehicles.

India would require a minimum of 10 GWh of Li-ion cells by 2022, according to government projections. By 2025, it will be around 60 GWh, and by 2030, it will be around 120 GWh.

Li-ion cells are now imported from China or Taiwan to be built into batteries in India, or battery packs are imported already assembled. These imports will be extremely costly to the economy of India. India currently lacks both lithium (the lightest metal) and cobalt sources, as well as lithium-ion battery production skills. The government intends to boost the local manufacture of lithium-ion batteries by offering FAME incentives according to battery chemistry and increasing import taxes. Local Lithium-ion battery manufacturing is projected to reduce the cost of electric vehicles in the near future.

Before moving ahead, you need to understand that cell manufacturing, battery pack manufacturing and battery assembling are 3 different segments. There are few companies who manufacture cell, some make battery packs for 3rd party OEMs and some assemble the batteries.4

  • Lithium cell manufacturing
  • Battery pack manufacturing
  • Lithium battery assembling

What’s happening in terms of Lithium-ion cell manufacturing in India?

Many players are now coming together in form of their joint ventures to work in lithium-ion battery manufacturing. Let’s see who is collaborating with whom and who is doing what?

  • Toshiba Corporation, DENSO Corporation, and Suzuki Motor Corporation are establishing TDS Lithium-Ion Battery Gujarat Private Ltd (TDSG) in Gujarat to manufacture and supply Li-ion batteries to Maruti Suzuki and Suzuki Motor Gujarat in Hansalpur. The facility is located in Ahmedabad’s Maruti Suzuki Supplier Park. By February 2021, this plant should be up and running. “TDSG’s LIB is a very safe rechargeable battery with six exceptional qualities,” according to the official website. Using materials that are based on oxides (Lithium Titanium Oxide), TDS’ LIB is intended to prevent thermal runaway as a result of physical stress-induced short-circuiting.”

  • Exide Industries and Leclanche SA, one of the world’s leading energy storage firms, launched a 75:25 joint venture to develop lithium-ion batteries. The cells will be imported from Leclanche’s factory in Germany at first. Claiming that cell manufacture will begin at a later date at the local factory on the 10th of July, 2020. Nexcharge’s CEO, Stefan Louis, revealed that the company’s production line in India is ready to produce Li-ion pouch cell battery modules.

  • TATA Chemicals has a 127-acre complex in Dholera, Gujarat, that can produce up to 10 GW of active materials, Li-ion cells, and batteries annually, as well as recycling operations. By 2021, the company plans to commission a commercial pilot cell production facility, which, depending on market demand, may grow to 3 to 5 GW by 2025, at an investment of INR 800 crores. The cells will be used in both automobile and stationary energy storage applications.

  • Amperex Technology Limited (ATL), a Japanese company, purchased 180 acres of property in Haryana in August 2020 to build a Lithium-ion Polymer (LIPO) battery production facility. ATL is based in Hong Kong and is a global leader in the supply of LIP batteries. In China, the company already has two cell manufacturing plants. It has been reported.

  • Lucas TVS, a manufacturer of automotive electrical components, and 24M Technologies, a Lithium-ion battery technology business based in Cambridge, Massachusetts, announced a partnership in August 2021 to build a Giga plant near Chennai utilizing the latter’s SemiSolid platform technology. In the second half of 2023, the first facility is expected to start commercial production. According to 24M’s website, compared to a traditional manufacturing line, their manufacturing technique saves more than 50% in capital expenditures. According to a press announcement, 24M’s cell design improves safety, dependability, and traceability by essentially eliminating possible metal contamination, which is the most prevalent source of shorts in conventional lithium-ion cells.

  • With the help of Dr. Gopu Kumar, Li Energy purchased 125 acres of land in Thondi, Tamilnadu, to build a Special Economic Zones and set up Li-ion cell manufacturing. CSIR has appointed the former Head of Lithium-ion Battery Research. The company has also signed a Memorandum of Understanding with Guidance Tamil Nadu, the government’s principal agency for investment promotion in the state.

  • Manikaran Power Ltd is establishing a lithium hydroxide battery raw material project that will produce 20.000 LCE (Lithium Carbonate Equivalent). It is expected to be completed by the middle of 2024. Manikaran Power Limited, one of India’s leading power trading and renewable energy companies, will invest USD 300 million in the refinery’s construction. Lithium ore will be imported from Australia and processed into battery-grade material by the firm.

  • In August of 2020, Epsilon Carbon which is based in Mumbai, has announced the start of the production of graphite anode material for Li-ion batteries. Starting with a capacity of 5,000 TPA in phase one. Epsilon plans to begin producing 15,000 TPA of Mesophase for anode manufacturers by July 2021. It hopes to begin creating Synthetic Graphite material in phase 2 to provide directly to battery manufacturers.
  • Amara Raja’s Tirupati factory in Andhra Pradesh opened a technology hub to develop lithium-ion cells in February 2021. The firm announced the formation of a New Energy SBU in June 2021, which will include Lithium cells and battery packs, chargers for electric vehicles, systems for storing energy, advanced Home Energy Solutions, as well as products and services related to them. Amara Raja is said to have invested Rs 20 crore in the hub so far, minus technology transfer and bidding costs paid to the ISRO in January 2019.

ISRO has chosen 10 companies to transfer its low-cost lithium-ion cell technology developed in-house.

  1. Amara Raja Batteries, Andhra Pradesh
  2. Bharat Electronics Limited, Pune
  3. Carborundum Universal Limited, Kochi
  4. Exicom Power Solution, Gurugram
  5. GOCL, Hyderabad
  6. Jyoti CNC Automation Ltd, Gujarat
  7. Tata Chemical Ltd, Mumbai
  8. Thermax Ltd, Pune
  9. Sukhbir Agro Energy Ltd, New Delhi
  10. National Aluminium Company Ltd, Bhubaneshwar

Top Lithium-ion battery manufacturers and assemblers in India

  1. Inverted Energy
  2. Exicom
  3. Okaya Power
  4. ACME Cleantech
  5. PuREnergy Pvt Ltd
  6. Grinntech
  7. Future hi-tech Batteries
  8. Pastiche Energy Solutions
  9. Greenfuel Energy Solutions
  10. Amptek
  11. Other companies: iPower, CTech, Trontek, Cygni Energy

Different types of lithium batteries

Lithium-ion Battery Manufacturers in India 2021

  • Lithium Cobalt Oxide

Lithium cobalt oxide batteries, commonly known as lithium cobaltate or lithium-ion cobalt batteries, are made from lithium carbonate and cobalt. Because of their high specific energy, these batteries are employed in cell phones, laptops, and electronic cameras. Lithium ions move from the anode to the cathode during discharge, with the flow reversing when the battery is charged. They have a cobalt oxide cathode and a graphite carbon anode.

  • Lithium Manganese Oxide

Lithium manganese oxide batteries are also known as lithium manganate batteries, lithium-ion manganese batteries, li-manganese batteries, and manganese spinel batteries. This type of battery technology was first found in the 1980s, with the first publication in the Materials Research Bulletin in 1983. In 1996, Moli Energy produced the first commercial lithium-ion batteries with a lithium manganese oxide cathode.

  • Lithium Iron Phosphate (LFP)

In lithium iron phosphate batteries, often known as li-phosphate batteries, phosphate is employed as a cathode. Their low resistance properties improve their thermal stability and safety.

  • Lithium Nickel Manganese Cobalt Oxide (NMC)

NMC batteries, also known as cobalt oxide batteries, are made up of a range of materials that are used in lithium-ion batteries. A cathode made of nickel, manganese, and cobalt is also provided.

Lithium-ion battery price in India

The pricing of lithium-ion batteries in India is one of the most critical issues that are likely to hinder market demand. These batteries are pricey due to the considerable capital investment required to create them. Furthermore, relying on foreign countries for critical components used in the production of lithium-ion batteries is a big commercial issue.

For home storage, LFP batteries are used.


Price in INR(Estimated)

6 Ah/ 75 Wh


12 Ah / 150 Wh


20 Ah / 250 Wh


30 Ah / 385 Wh


40 Ah / 500 Wh


80 Ah / 1000 Wh


The above mentioned price is estimated one, it can vary on various factors. For the pricing, you can reach Inverted Energy via our contact details.