The lithium-ion battery (LIB) market in India is rapidly evolving, driven by the demand for electric vehicles (EVs), renewable energy storage, and consumer electronics. With the Indian government’s aggressive push toward clean energy and self-reliance under initiatives like Atmanirbhar Bharat, several companies are investing in cutting-edge battery technologies, local manufacturing, and research & development.
We will explore the top 10 companies that are dominating India’s lithium-ion battery market, along with the advanced features they bring to the table.
1. Loom Solar CAML Lithium Battery
Headquarters: Faridabad, Haryana India
Loom Solar, a well-known name in India’s solar energy sector, has introduced the CAML 51.2V, 100Ah Stackable Lithium Battery. This battery is designed for commercial and industrial solar applications, offering high performance, safety, and smart connectivity.
Key Features of Loom Solar CAML Lithium Battery
- Reliable and Safe – Uses Lithium Iron Phosphate (LiFePO4) technology, which lasts longer and is safer than traditional lead-acid batteries.
- Expandable – Can be stacked to increase power storage when needed.
- IoT-Based Smart Monitoring – The battery is integrated with IoT technology, enabling real-time monitoring of battery performance, charging status, and power consumption through a mobile app or cloud platform.
- Fast Charging (C4 Rated) – Charges 4 times faster than regular batteries.
- Space-Saving Design – Compact and easy to install.
- Compatible with Multiple Inverter Brands – Works seamlessly with various inverters, including off-grid, hybrid, and grid-tied systems, ensuring wide applicability.
- Easy Installation & Zero Maintenance – The plug-and-play design ensures hassle-free installation, and since it’s a lithium battery, it requires no water refilling or frequent maintenance like lead-acid batteries.
Why Choose Loom Solar CAML Lithium Battery?
- Perfect for solar energy storage in homes, offices, and factories.
- Longer lifespan (4000+ charge cycles) ensures a 10+ year battery life.
- Eco-friendly and highly efficient compared to traditional batteries.
- Lower electricity costs by maximizing solar energy utilization.
2. Servotech Power Systems Ltd.
Headquarters: New Delhi, India
Market Position: A growing name in EV charging infrastructure and lithium-ion battery solutions
Servotech Power Systems Ltd. is an emerging leader in lithium-ion battery technology, particularly in EV chargers, solar power storage, and industrial battery solutions.
Advanced Features:
- EV Battery Storage Solutions: Manufacturing battery packs for two-wheelers and three-wheelers.
- Solar + Lithium Hybrid Systems: Developing solar-powered lithium-ion energy storage for homes and industries.
- High-Efficiency EV Chargers: Servotech is a key player in India’s EV charging ecosystem.
3. Su-Kam Power Systems
Headquarters: Gurgaon, Haryana
Market Position: A well-known brand in inverters, batteries, and solar energy solutions
Su-Kam, a pioneer in power backup solutions, has diversified into lithium-ion battery technology for solar applications, UPS, and energy storage. Su-Kam is tapping into the growing demand for clean energy storage, making lithium-ion batteries more accessible in residential and commercial sectors.
Advanced Features:
- Lithium-Ion Batteries for Solar Power Systems
- Smart Battery Management System (BMS) for Extended Battery Life
- Lightweight and Portable Battery Solutions
4. Waaree Energies Ltd.
Headquarters: Mumbai, Maharashtra
Market Position: India’s largest solar panel manufacturer expanding into battery storage solutions
Waaree Energies, primarily known for its solar PV modules, is now investing in lithium-ion battery technology to support solar energy storage and EV applications.
Advanced Features:
- Lithium-Ion Battery Storage for Solar Farms
- Longer Life Cycle Batteries for Renewable Energy
- Integrated Solar + Battery Solutions for Off-Grid Applications
5. Tata Chemicals
Headquarters: Mumbai, Maharashtra
Market Position: Leader in lithium-ion battery production for EVs and energy storage
Tata Chemicals is one of the biggest names in lithium-ion cell manufacturing in India. The company has announced a gigafactory in Gujarat to support India’s EV and renewable energy transition.
Advanced Features:
- Sodium-Ion Battery Technology: Exploring sodium-ion cells as a cost-effective and sustainable alternative to lithium-ion batteries.
- Battery Recycling Technology: Working on battery material recovery to reduce lithium dependency.
- High Energy Density Cells: Designed for EVs and solar energy storage applications.
6. Exide Industries
Headquarters: Kolkata, West Bengal
Market Position: Leading battery manufacturer expanding into lithium-ion technology
Exide Industries has formed a joint venture with Switzerland-based Leclanché to manufacture lithium-ion batteries for EVs and industrial applications. With a gigafactory in Gujarat, Exide is rapidly scaling up its lithium battery production capabilities.
Advanced Features:
- NCMA chemistry (Nickel, Cobalt, Manganese, Aluminum) for improved battery life.
- Fast-charging technology for EVs.
- Advanced Battery Management System (BMS) for optimized performance.
7. Amara Raja Batteries
Headquarters: Tirupati, Andhra Pradesh
Market Position: Emerging leader in lithium-ion battery production for EVs and industrial energy storage
Amara Raja Batteries is setting up a gigafactory in Telangana as part of its ₹9,500 crore ($1.1 billion) investment into lithium-ion battery technology. With a strong focus on R&D, Amara Raja is developing next-gen EV and energy storage batteries.
Advanced Features:
- Lithium Iron Phosphate (LFP) Technology: Provides higher safety and longer cycle life.
- Hybrid Energy Storage Solutions: Designed for solar and wind power integration.
- Second-Life Battery Utilization: Recycling old batteries for non-EV applications.
8. Ola Electric
Headquarters: Bengaluru, Karnataka
Market Position: Fast-growing EV and lithium-ion battery manufacturer
Ola Electric is not just an EV manufacturer but is also investing heavily in domestic lithium-ion cell production. The company is setting up a 500-acre gigafactory in Tamil Nadu for battery manufacturing. By focusing on local battery production, Ola Electric aims to reduce India’s reliance on imported lithium cells.
Advanced Features:
- Indigenous lithium-ion cells for EVs.
- High-performance battery packs for electric two-wheelers.
- IoT-enabled smart battery management system.
9. Reliance New Energy Ltd (RNEL)
Headquarters: Mumbai, Maharashtra
Market Position: Reliance’s ambitious green energy and battery storage initiative
Reliance Industries has entered the lithium-ion battery market by acquiring Faradion Ltd (UK) and investing in sodium-ion technology. With its ₹75,000 crore investment in green energy, Reliance is set to transform India’s battery storage industry.
Advanced Features:
- Sodium-ion batteries as a cost-effective and eco-friendly alternative.
- AI-powered battery optimization for improved efficiency.
- Grid-scale energy storage for solar and wind projects.
10. Mahindra Electric
Headquarters: Bengaluru, Karnataka
Market Position: Automotive battery leader with EV-focused lithium-ion technology
Mahindra Electric is developing lithium-ion batteries for its expanding EV lineup, including electric three-wheelers and SUVs. Mahindra’s stronghold in India’s EV segment ensures continuous LIB advancements.
Advanced Features:
- Swappable battery technology for e-rickshaws.
- Liquid cooling system for EV batteries.
- Advanced BMS for better battery health monitoring.
India’s lithium-ion battery market is growing rapidly as demand for EVs, solar energy storage, and backup power solutions increases. Companies are investing in local manufacturing and new technologies, reducing reliance on imports.
With big investments in gigafactories and smart battery solutions, India is on track to become a global leader in battery production. The future of clean energy and electric mobility in India looks very promising
