Top 10 lithium-ion battery manufacturers in India in 2022

The overall situation of the lithium battery market in India

According to the data, India’s annual lithium-ion battery market will grow from 2.6 GWh in 2020-21 to 116 GWh in 2029-30, with electric vehicles (EVs) accounting for 90% of the entire market.

Demand for lithium-ion batteries for automotive applications will increase from 2.3 GWh in 2020-2021 to 104 GWh in 2029-2030, supported by government policies, includes Rapid Adoption and Manufacturing of Hybrid and Electric Vehicles (FAME), as well as state-level electric vehicle policies.

Demand for lithium batteries in non-automotive applications is expected to increase from 0.3 GWh to 12 GWh, driven by telecom towers, data centers, grid-scale renewable energy (RE) integration, and rooftop solar.

According to the report, the Indian government aims to allocate 30% of new car sales to electric vehicles by 2030, and India needs to add 450GW of renewable energy by 2030,
India’s need to add 34 GW/136 GWh of battery storage by 2030 will further propel the country to become a key lithium battery consumer.

Top 10 lithium-ion battery manufacturers in India in 2022

TDSG

Company profile:
TDSG established in 2020. TDSG has its stakes split between TOSHIBA, Suzuki, and DENSO. It is the first lithium-ion battery manufacturing plant in the state. Suzuki exclusively contributes to manufacturing operations.

TOSHIBA contributes to cell technology and Denso in module technology. They aim to contribute to the Make-in-India strategy by increasing the standards of social life, creating new jobs leading to boosting India’s economy.

Location: Ahmedabad, Gujarat

Main products: Lithium-ion batteries to be used in electric vehicles and energy storage systems, Powertrains

Company website: https://www.tds-g.co.in

EXIDE

Company profile: Exide is the most reliable brand when it comes to batteries for the past six decades. Exide is India’s largest storage battery company that serves both conventional flooded and VRLA batteries. It was awarded ISO 9001 by RWTUV of Germany.

For their eco-friendly production of batteries, Exide also got awarded ISO 14001. They have nine factories strategically spread all over India. Out of nine factories, seven factories exclusively manufacture batteries and the remaining two deal with Home UPS systems. Exide also has collaboration with Furukawa in Japan, Oldham in the UK, East Penn in the US which gives them a global opportunity to expand.

Location: Mumbai, India

Main products: Automotive batteries, Industrial batteries, Inverter batteries, Solar solutions, Genset Batteries, Submarine batteries, Home UPS systems, E-rickshaws

Company website: https://www.exideindustries.com/

Su-kam

Company profile: Su-Kam established in 1998. It is one of the largest power solution company. This company holds a record for filing over 100 patents in this field. They manufacture a wide range of products including solar products, UPS, batteries, and customized solar solution.

In the residential solar market of India, Su-kam has the biggest share. Su-kam has presence in 90 countries with over 40,000 channel partners.

Location: Gurgaon, Haryana

Main products: Battery Management System, Inverters, UPS, Power Conditioning Unit, Solar Lighting Systems.

Company website: http://www.su-kam.com/

MPL

Company profile: Manikaran Power Ltd is a renowned name in the lithium refinery industry. It is also venturing into the EV ecosystem of the country.

In the production plant of MPL, a single processing train production facility can produce 22,700tpa Lithium Hydroxide products. MPL produced 5.1 million units in 2018 and now planning to produce 44 million units by 2030.

Location: Bangalore, Karnataka

Main products: Energy solution provider, Gas solutions, and lithium-ion batteries

Company website: https://manikaranpowerltd.in/lithium/

Amara Raja

Company profile: Amara Raja Batteries was founded in 1985 by Dr. Ramchandra N Galla. It is one of the fastest-growing manufacturers in India with a revenue of more than $1.2 Billion. In 2021, Amara Raja batteries got recognized at the 10th Manufacturing Supply Chain Summit. Amara also has a great global presence with its plant in 44 countries.

They manufacture quality and reliable batteries for both industrial and automotive applications. It is well-known for its automobile battery brand, Amaron. After Exide, this is the second most popular and reliable brand.

Location: Tirupati

Main products: Lithium-ion batteries, Lithium primary batteries, Energy Storage Systems, and Power Systems

Company website: https://www.amararaja.com/

HBL

Company profile: HBL established in 1986. It was formerly known as Sab Nife Power Systems. It is one of the most reliable battery and power system manufacturers. SAB Nife Power Systems Ltd was merged with Hyderabad Batteries Ltd in 1999 to make the firm.

It is a global leader in manufacturing advanced-technology batteries including Lead Acid, Nickel-Cadmium, and Special Defense. HBL NIFE is the second-largest manufacturer of Nickel-Cadmium batteries globally. It is also the only manufacturer using the PLT VLRA battery technology. HBL aims to manufacture dependable, safe, cost-effective, and eco-friendly products. HBL is expanding its specialty by moving into new businesses such as industrial electronics and defense electronics

Location: Hyderabad

Main products: Power Storage System and Lithium Manganite power battery

Company website: www.hbl.in

Loom Solar

Company profile: Loom solar is a startup started in 2015. Loom Solar has its branches established in over 500 districts across India. It has 1 manufacturing plant with 100 employees and 3500 resellers.

They also have won the prestigious gold and silver award in the 2019 Golden Bridge Business. Loom Solar is the first manufacturer that offers a 6Ah to 100Ah range.

Location: Faridabad, Haryana

Main products: Solar batteries, Lithium-ion batteries, UPS

Company website: https://www.loomsolar.com/

Luminous

Company profile: Luminious established in 1990. It is one of the most trustworthy names in India when it comes to batteries. They exclusively deal with power backup, home electricals, and residential solar space.

It has 7 manufacturing units and 28 sales offices spread across India. It has its branches in 36 different countries.

Location: Gurgaon, Haryana

Main products: Power battery, battery back, BMS, Consumer Electronic Battery

Company website: www.luminousindia.com

OKAYA

Company profile: OKAYA established in 2017. It is one of the pioneers in the battery manufacturing domain. They are well-known for providing a wide range of Li-ion batteries to serve different needs of consumers.

OKAYA is the only manufacturer to make 100% tubular batteries. Tubular batteries are considered one of the best for power backup needs. The purpose of OKAYA is to manufacture eco-friendly, reliable, long-lasting, and trusted batteries to serve the purpose of customers.

Location: New Delhi

Main products: Tubular battery, Inverter battery, Solar battery, SMF battery, E-Rickshaw battery, Lithium-ion battery.

Company website: www.okayapower.com/

Livguard

Company profile: Livguard e’stablished in 1990. It has an incredible legacy of 30 years, serving its customers with a wide range of batteries for different purposes. They have a lot of branches in aboard including Nepal, Sri Lanka, Saudi Arabia, Yemen, Bahrain, Qatar, Kuwait, UAE, and many more locations.

They provide a wide range of products ranging from inverter batteries to Lithium-ion batteries to VRLA. Livguard is also contributing to a charitable trust by name of Sita Devi Malhotra Charitable Trust. This trust focuses on the health, education, and livelihood of the underprivileged.

Location: Gurgaon, Haryana

Main products: E rickshaw batteries, Flat plate batteries, Lithium-ion batteries, solar batteries

Company website: https://www.livguard.com/

Battery manufacturing cost advantages and challenges in India

As of the end of 2020, India has the lowest battery manufacturing cost ($92.8/kWh), while the US, European countries, and even China ($98.2/kWh) and South Korea ($98.1/kWh) have higher battery manufacturing costs than India .

Likewise, India offers huge cost benefits in terms of cheap labor and electricity (gross monthly minimum wage in India in 2019 was $65 compared to $217 in China). On the demand side, falling battery prices and initiatives including plans are encouraging the adoption of electric vehicles in India.

The challenges facing battery manufacturing in India range from the lack of key raw materials to the need for huge investments and lack of technical know-how. It recommends battery recycling as one of the alternative solutions to meet surging demand for lithium-ion batteries.

This will lead to the recovery of 90% of lithium, cobalt, nickel, manganese and graphite and put India on the path to a circular economy.

Lithium ion batteries are the latest technology

Lithium-ion batteries are advanced battery technology. It uses lithium ions for its electrochemistry. There can be several different materials for electrodes such as lithium cobalt oxide as cathode and graphite as an anode. This combination is widely used in cellphones and laptops. Li-ion batteries have a lot of advantages over other high-quality rechargeable batteries. Li-ion batteries have one of the highest energy densities (100-256 Wh/kg).

Li-ion batteries can provide upto3.6 volts which are 3 times higher than other technologies such as Ni-MH or Ni-Cd. Li-ion batteries have no memory effect, low maintenance, and do not require frequent recharging to maintain their battery life. The self-discharge rate of Li-ion batteries is around 1.5-3% which is less than its competitors. Li-ion batteries are now displacing Ni-Cd batteries with all these advantages over them.

Li-ion batteries are widely used in electronic devices such as smartphones and laptops, and some aerospace applications. In the past, lead-acid batteries were traditionally used, but now many application scenarios are lithium-ion batteries instead of lead-acid batteries, with a market penetration rate of about 20%.

Different types of lithium ion battery

Lithium Cobalt Oxide (LiCoO2) or LCO is one of the most popular choices for mobile phones, laptops, and digital cameras because of its high specific energies. LCO has a shorter life span and low thermal stability than other lithium-ion batteries.

Lithium Manganese Oxide (LiMn2O4) or LMO has low internal resistance and high thermal stability with enhanced safety. Low internal resistance helps the battery to charge fast. LMO has a one-third lower capacity than LCO. These batteries can provide a voltage of about 3.70V and are used in power tools, medical devices, and electric powertrains. They are sometimes mixed with NMC to boost their performance.

Lithium Nickel Manganese (LiNiMnCoO2) or NMC can be tailored accordingly to serve as energy cells or power cells. Nickel provides high specific energy and manganese provides low internal resistance because of its spinal structure. These batteries are good to use in e-bikes and electric powertrains.

Lithium Iron Phosphate (LiFePO4) or LFP also provides great performances with low internal resistance. Lithium iron phosphate battery as the mainstream battery in the consumer market. The key benefits of LFP include high current rating, long life cycle, and good thermal stability. They can provide a nominal voltage of 3.2V/cell. As a positive electrode material, lithium iron phosphate has good electrochemical performance, the charging and discharging platform is very stable, the structure is stable during the charging and discharging process, and the safety performance is good. Therefore, lithium iron phosphate battery is a very cost-effective battery.

Lithium Nickel Cobalt (LiNiCoAlO2) or NCA is similar to NMC as they also offer high specific energy for a long life span. This combination is widely used in medical devices and electrical
powertrains.

Application scenarios of lithium batteries

Lithium-ion batteries can be widely used in industry, aviation, marine, solar energy, medical treatment, etc. It can be learned through Application of lithium battery.
More application scenarios include: power wall battery

Buying guide for lithium-how to choose the best lithium battery

There are a lot of factors that you should keep in mind while choosing the best-suited lithium battery. The first thing that you need to decide is whether your device requires a primary (single use) or secondary battery (rechargeable). Rechargeable batteries are preferred for devices that use energy continuously for a long period Every device requires a specific amount of energy to work. You must choose a battery that has a good power versus energy analogy.

The higher the power, High energy output. Choose a bigger size battery if you need more power and choose a battery with low internal resistance if you want high energy. You must also consider the temperature ranges of the rechargeable batteries. It is to match the parameters of each battery according to the battery requirements of the application equipment.

Lithium-ion battery prices in India

The price range of lithium-ion batteries in India varies according to brands, sizes, and capacity of the battery. You can buy lithium-ion batteries within the range of 2250-15,000 INR. Lithium phosphate batteries are a bit more expensive than other Li-ion batteries. They fall in the range between 4,000-25,000 INR, depending upon the capacity and brand of battery. The most expensive is the Lithium Polymer batteries. They will cost you between 8,000-50,000 INR.