Blog/Top companies
31 March 2023
Top 10 Battery Companies in India
Find and contact India's top battery companies using Kompass, the largest B2B directory in India.
AP
Akshay Parmar
Overview of the Battery Industry in India
India’s battery market, valued at $16.77 billion (source: Mordor Intelligence) and projected to reach nearly $30 billion by 2029 with a CAGR of 10.56%, presents a significant growth opportunity. Driven by surging demand for electric vehicles and renewable energy storage, the sector attracts diverse players like established names such as Amara Raja and innovative startups backed by seed and VC funding. While lithium-ion batteries dominate the market, lead-acid batteries find their niche in applications requiring lower cost and higher durability.
Top 10 Battery Companies in India
1. Luminous Power Technologies Private Limited
Luminous Power Technologies, established in 1988, is a prominent name in power backup and solar solutions, operating both in India and internationally. They offer a diverse range of batteries, including lead-acid, Li-ion, and tubular varieties, catering to households, businesses, and various industries like telecom and healthcare. Trusted by over 100 million customers, Luminous is renowned for its innovative inverters and reliable power systems. Their commitment to quality through rigorous testing and sustainability initiatives like e-waste management has earned them a well-deserved spot among India’s leading battery companies.
2. Eveready Industries India Limited
For over 119 years, Eveready Industries has been a leading provider of reliable batteries and lighting solutions in India. Their core offering spans zinc carbon, alkaline, coin, and rechargeable batteries, powering everything from everyday devices to industrial applications. As the country’s largest dry cell battery and flashlight brand by market share, they cater to diverse needs, serving millions of individuals, households, and critical sectors like healthcare, telecom, and defense. With a robust distribution network of over X points across India, Eveready ensures their products are readily available to customers nationwide. Their commitment to innovation is evident in their recent development of Y, a new battery technology that offers Z benefits. This focus on quality, innovation, and accessibility has cemented Eveready’s position as a top player in the Indian battery landscape.
3. HBL Power Systems Limited
Established in 1977, HBL has emerged as a leading Indian manufacturer of engineered products, with a deep focus on specialized batteries. From powering fighter jets to electric vehicles, their diverse portfolio caters to critical applications across industrial, defense, aviation, and even green energy sectors. Beyond batteries, HBL’s expertise extends to electronics for railways and e-mobility, making them a trusted partner for demanding industries. This commitment to indigenous innovation and comprehensive solutions positions HBL amongst India’s top battery companies, recognized for their quality and reliability.
4. Indo National Limited
Indo National Limited, headquartered in Chennai, has been a leading force in Indian batteries since 1972. Their trusted “Nippo” brand powers homes and industries with a comprehensive range of products, including dry cell (AA, AAA, etc.) and rechargeable batteries, LED lights, flashlights, and mosquito bats. Their extensive distribution network ensures their reliable products reach millions of consumers and businesses across India. With a commitment to innovation, sustainability, and brand loyalty, Nippo holds a strong position in the Indian battery market.
5. Livguard Energy Technologies Private Limited
Founded in 1988, Livguard (part of the SAR Group) is a leading energy storage solutions provider based in Gurgaon, Haryana, India. Their diverse battery offerings, including automotive, inverter, and solar batteries, cater to a wide range of customers, from individuals and automobile manufacturers to the renewable energy sector. Livguard’s innovative 3D grid technology and commitment to sustainability have earned them a reputation for providing reliable, efficient, and sustainable energy solutions.
6. Grinntech Motors & Services Private Limited
Grinntech, founded in 2014, is an Indian startup pioneering innovative and affordable Lithium-ion battery solutions for electric vehicles. Their diverse range extends from batteries for two-wheelers to powerful options for buses and trucks. Beyond batteries, they offer battery analytics and fast charging systems, ensuring optimal performance and efficiency. Through collaborations with leading manufacturers and a focus on safety, long life, and fast charging, Grinntech empowers sustainable mobility across diverse industries.
7. Evolute Solutions Private Limited
Evolute Solutions, an Indian company established in 1970, has risen to prominence for its innovative battery solutions, including lightweight, high-density Lithium-ion battery packs for electric vehicles, modular solar storage systems for homes and businesses, and intelligent power management technology for industrial applications. Catering to diverse industries like cleantech, fintech, and rural electrification, Evolute’s products are known for their robust construction and ergonomic design, making them ideal for harsh environments and remote deployments. Their innovative approach has earned them recognition, including the “Best Battery Technology Award” from the Indian Electronics Association in 2023. Evolute consistently ranks among India’s top five battery companies in terms of market share.
8. Sun Mobility Private Limited
Sun Mobility, founded in India in 2017, is revolutionizing e-mobility with its innovative “Battery-as-a-Service” model. They design, build, and operate smart Lithium-ion batteries and swapping stations, serving two & three-wheeler fleets, last-mile delivery companies, and shared mobility providers. Their interoperable network tackles range anxiety and long charging times, making EVs more accessible and sustainable. By focusing on infrastructure and “pay-as-you-go” energy consumption, they have become a key player in India’s rapidly growing EV ecosystem. They currently operate over 500 swapping stations and have partnered with leading companies like Mahindra Electric and Hero Electric.
9. Tata AutoComp GY Batteries Private Limited
Born in 2005, Tata AutoComp GY Batteries (India) is a joint venture between Indian auto giant Tata and global battery leader GS Yuasa. They focus on diverse battery solutions, including automotive (cars, bikes, trucks), inverter, and specialized equipment batteries. Renowned for their innovative “Instant Start” technology and commitment to “Green Practices”, they cater to various industries, from automakers and fleet operators to individual consumers. Their commitment to quality, innovation, and sustainability positions them as a top player in India’s battery landscape.
10. Su-Kam Power Systems Limited
Su-Kam Power Systems Limited, an Indian power solutions pioneer since 1988, goes beyond just batteries. They offer a diverse portfolio of innovative UPS systems, solar inverters, and customized solutions for homes, industries, and even governments. From VRLA and Lithium-ion batteries to specialized applications like solar projects, Su-Kam powers everything from ACs to green energy initiatives. Their commitment to R&D, award-winning designs like the “Chick” plastic body inverter, and wide presence across 90 countries solidify their position as a leading Indian power solutions provider.
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