The India Lithium-ion Battery Market was valued at USD 1,663.96 million in 2024 and is expected to grow at a strong CAGR of around 16.5% during the forecast period (2025-2033), owing to a surge in electric vehicle production.

List of Top India Lithium-ion Battery Companies Worldwide:

The India Lithium-ion Battery market has several major players, including Tata AutoComp Systems Ltd, LOOM SOLAR PVT. LTD., SAMSUNG SDI CO., LTD., Bharat Electronics Limited (BEL), and Panasonic Industry Co., Ltd. More information about these companies has been provided below:

1.     Tata AutoComp Systems Ltd

Tata AutoComp Systems Ltd is an auto components major and a Tata Group company that has its origins in India. The company has formed its position in the lithium-ion battery segment through partnerships with EVs and Energy Storage Solutions. Specifically, Tata AutoComp, in partnership with Tellus Power Green, focuses on battery pack system integration, charging points, and battery systems for electric vehicle familiarization in India.

2.     LOOM SOLAR PVT. LTD.

Loom Solar is an emerging Indian technology venture that deals in clean energy solutions particularly in the solar energy and lithium-ion batteries. The firm deals in superior lithium battery packs that are used in renewable energy production, mainly for the residential use and back-up power systems. They are also equipped for Indian climate as well as usage conditions for efficient energy storing and energy independent India. This depicts Loom Solar at the forefront in the provision of decentralized renewable energy in India.

3.     SAMSUNG SDI CO., LTD.

Samsung SDI stands as one of the leading producers of lithium-ion batteries in the international market. In India, it has established strategic partnerships as a supplier of high-quality Li-ion battery cells and modules to electric vehicle makers and energy storage integrators. It has been on the lookout for investment opportunities within the Indian EV market and plans to create a competitive supply chain to satisfy the Indian lithium batteries market demand.

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4.     Bharat Electronics Limited (BEL)

BEL is the Indian government’s Navratna public sector undertaking company working under the Ministry of Defence. Although BEL was primarily involved in defense electronics, it has started diversifying its service by getting involved in lithium-ion battery technologies used in both the military and civil industries. The company has projected to produce the battery of Li-ion batteries for electric vehicles, telecom backup solutions, and renewable power storage systems under the Make in India campaign of the country.

5.     Panasonic Industry Co., Ltd.

Panasonic Industry Co., Ltd. is a subsidiary of the Panasonic Group, which participates in the production of lithium-ion batteries in India. The company offers battery solutions that can be used in telecommunication, solar power plants, and the electric vehicle industry. Panasonic has been associated with ensuring the transition to clean energy in India by offering safe and efficient Li-ion battery systems and has shown an interest in seeking local manufacturing opportunities.

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