lithium-ion battery manufacturers in india

 These companies are listed below, however there are no official updates available on their progress with the technology.

  • Amara Raja Batteries, Andhra Pradesh. ...
  • Bharat Electronics Limited BEL, Pune.
  • Carborundum Universal Limited (CUMI), Kochi.
  • Exicom power solutions, Gurgaon.
  • GOCL, Hyderabad.
  • Jyoti CNC Automation Ltd, Gujarat.

According to the GMI Research forecasts, the India Electric Vehicle Battery Market is estimated to touch USD 963 million by the end of 2026, growing at a CAGR of 25.3% during 2019-2026. The rising environmental concerns, followed by the increasing number of government initiatives to reduce carbon emission by incentivizing electric vehicles, are the significant factors contributing to the growth of the India Electric Vehicle Battery Market.

With a target of 50 GWh, the NITI Aayog plan would support the establishment of anywhere between three to ten giga-factories of 20 GWh to 5 GWh capacity each in the country. There is a dual recognition that the ecosystem needs to be developed, but that cannot be done overnight; it has to be achieved in a phased manner. Gujarat, which has already seen large-scale investments for Li-ion battery manufacturing, is offering additional support in the form of subsidized utilities under the state’s electronics policies. Telangana has announced the availability of 200 acres of land plus power and water for the manufacturing unit at a concessional rate. Andhra Pradesh, as early as 2017, announced the allocation of 200-400 acres for development of the electric mobility-focused industrial park.

PLI scheme likely to boost India's manufacturing output

Prime Minister Narendra Modi said production linked incentive (PLI) scheme, which is aimed at boosting domestic manufacturing and exports, is expected to increase the country's production by $520 billion in the next five years.


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