written by | October 26, 2022

List of Top 10 Battery Manufacturing companies in India

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Table of Content


The battery manufacturing industry in India has constantly been on the rise since 2017. Despite China being the world's largest battery manufacturer, India is among the major players in the Global battery manufacturing industry. 

Batteries have various uses, from automobiles to solar and wind energy, air conditioners, and smartphones. Batteries have become a key component for any electrical equipment being used in most households. Let us explore more about top battery manufacturers in India.

Did you know? The battery manufacturing industry has progressed at a compound annual growth rate of 17% and above since 2017. Let’s learn about the top battery companies in India.

Also read: List of Top 10 Creative Small Business Ideas

Top 10 Best Battery Companies in India

The Top 10 best battery companies in India are as follows:

1. Exide Industries Ltd.  

Exide Industries ltd is India's largest selling battery company. Exide industries are listed within the NSE and BSE share markets. It is involved in manufacturing batteries for long-lasting automobiles at nominal prices compared to industry standardised prices. Its head office is situated in Kolkata and is engaged in producing solar, electric, and inverter batteries.

  • Revenue: ₹15,200 Crores.
  • Market Capitalization: ₹15,400 Crores.
  • Growth in sales ( 3 years): 15.60%

2. Amara Raja Batteries Ltd.  

Amara raja is considered one of the top battery-making companies in India. They produce batteries all over India, particularly in the automobile and industrial sectors. Significant companies like Hyundai and Toyota are clients of Amara Raja Batteries ltd. It also boasts of being one of the largest manufacturers of batteries in the telecom and IT sector. Amara Raja Batteries also supply to top government institutions like the Railways and the Defense.

  • Revenue: ₹6,800 Crores.
  • Market Capitalization: ₹13,400 Crores.
  • Growth in Sales (3 years): 13.50%

3. Eveready Industries Pvt Ltd. 

Eveready Industries is considered a consumer-friendly company using next-generation superior technology to make durable batteries. They are involved in making Rechargeable and Zinc alkaline batteries, and nearly a large chunk of the population of India use their batteries in various electrical appliances of daily use, such as torches, lamps, music players, and TV remotes. Its efficient and superior quality products have made it a famous home-grown brand among people all around the country.

  • Revenue: 335.36 Crores
  • Market Capitalisation: 2,237 Crores
  • Growth in Sales( 3years) : -6.1%

4. HBL Power Systems Ltd. 

Since  1977, HBL Power systems has strived to provide efficient and Durable batteries for aircraft and the Defense sector. Primarily involved in producing lead and lithium batteries for different military combat and naval operations, its submarine batteries are still among its highest demanded products. HBL is also engaged in providing a wide range of specialized batteries and eventually ranks no 4 in the list of top battery companies in India.

  • Revenue: 1,180 Crores.
  • Market Capitalization: 498.45 Crores.
  • Growth in sales (3 years); -0.75%

5. Indo National Ltd.

In early 1972, Nippo created a solid consumer base by providing numerous consumers with standard quality and efficient service performance. Nippo is involved in providing a wide variety of LED torch lights to meet the requirements of consumers. The main headquarters of Indo- National ltd, which has recently changed its name to Nippo Batteries, is in Chennai. It has 30 plus offices spread across India, signifying its pan-India reach.

  • Revenue: 492.10 Crores.
  • Market Capitalization: 190.57 Crores.
  • Growth in Sales ( 3 years): 0.20%

6. Panasonic Energy India Company Ltd.

Panasonic Energy India Company Ltd has high productivity and huge economic demand. The company is involved in the production of various lithium batteries and alkaline batteries. These batteries are rechargeable at a considerable price range, better than the industry standards. Their Headquarters are in Vadodara, Gujarat, and They are proud to proclaim themselves as the largest manufacturer and supplier of various dry cell batteries and other kinds of lighting products.

  • Revenue: 200.75 Crores.
  • Market Capitalization: 127.75 Crores.
  • Growth in Sales ( 3 years): - 4.62%

Also read: What Is Business Structure & Learn How to Choose a Business Structure

7. High Energy Batteries Ltd. 

High-energy batteries are mainly for Aero defence systems and naval expeditions. The company produces various silver chloride magnesium, nickel-cadmium and lead acid batteries. High-energy batteries are also recognised for their durability, lasting for a sufficiently long period. The company was established in 1979, and it is also primarily involved in exporting products to various other countries.

  • Revenue: 64.20 Crores.
  • Market Capitalization: 52.29 Crores.
  • Growth in Sales (3 years); 25.97%                                                                                                         

8. Goldstar Power Ltd. 

The company was established in the year 1982 by Mr Muljibhai Pansara.  Goldstar power has emerged as one of India's biggest battery manufacturing companies. The production unit, set up in Jamnagar, Gujarat, is spread over a wide area of 1,00,000 sq ft, with advanced state-of-the-art facilities to complement the brilliant capacity of producing at least 50,000 batteries per month. The company has, in little time, made a mark in the production of lead-acid batteries for the automobile industry.

  • Revenue: 35,26 Crores.
  • Market Capitalization: 23.27 Crores.
  • Growth in Sales ( 3 years): -2.64%

9. Su-Kam Power Systems Ltd. 

The company is a significant player in the production of inverter batteries. The company can produce not less than approximately seventy thousand batteries in a month to cater to the needs of the general public. The establishment was established in 1988, and it is said to be able to provide its products worldwide in not less than 90 countries.

  • Revenue: 500 Crores
  • Market Capitalisation: 225 Crores
  • Growth in Sales( 3 years) : 7.3%

10. Duracell Inc. 

Duracell started its journey in producing batteries long back in 1940. It is now primarily known for making alkaline batteries much more durable than the batteries provided by its rival companies. They are involved in producing Rechargeable batteries, camera and watch batteries.

  • Revenue: 15,000 Crores
  • Market Capitalisation: 3,000 Crores
  • Growth in sales (3 years): 4.6%

Usage of Batteries provided by Top Battery making Companies in India

Batteries can be used in the following ways:

  • Power source during an emergency:

During power outages or unavailability of light, battery-enabled torches can be used for emergency purposes. Various Radios and flashlights also require good quality batteries to make them functional enough to work.

  • Medical Equipment: 

Various hearing aids and pacemakers require good-quality batteries. ECG monitors also require Batteries to make them operational.

  • Automobile sector: 

With an increased surge in demand for EV vehicles growing in India, Companies have started making EV cars, for which there will be a large increase in demand for batteries in the automobile industry.

  • Source of Backup power:  

Invertors and generators that provide power during an emergency require highly efficient batteries to make them functional.

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Conclusion

Production of batteries is taking a shift, along with their producers. The demand for batteries is also increasing in everyday activities. The information shared in this blog intends to provide a better idea of India's Battery manufacturing industry and the key companies involved in the Rise of the Indian Battery Manufacturing Industry.

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FAQs

Q: State one important use of batteries.

Ans:

During power outages or unavailability of light, battery-enabled torches can be used for emergency purposes. Various Radios and flashlights also require good quality batteries to make them functional enough to work.

Q: Which company was established in 1940 and is rapidly growing in popularity in India?

Ans:

Duracell inc was established in 1940, and its popularity is rapidly increasing since it provides highly durable alkaline batteries for everyday use at nominal prices.

Q: Which Indian company is involved in making Batteries for electric cars in India?

Ans:

Amara Raja Batteries is involved in making batteries for electric cars. It also provides batteries to various automobile giants such as Hyundai and Toyota.

Q: Which is the largest selling battery company in India?

Ans:

Exide Industries Ltd is considered the largest selling battery company in India, and It is also listed in both the National Stock exchange (NSE) and Bombay Stock Exchange (BSE).

Q: State the 10 Best Battery companies in India.

Ans:

The 10 Best Battery companies in India are                                                                

1. Exide Industries ltd 

2. Amara Raja Batteries Ltd                                                                                                

3. Eveready Industries India ltd                                                                                            

4. HBL Power Systems ltd                                                                                                  

5. Indo-national ltd                                                                                                              

6. Panasonic Energy India company ltd                                                                               

7. High energy batteries ltd                                                                                            

8. Goldstar Power ltd                                                                                                           

9. Su-Kam Power Systems ltd                                                                                            

10. Duracell Inc

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Disclaimer :
The information, product and services provided on this website are provided on an “as is” and “as available” basis without any warranty or representation, express or implied. Khatabook Blogs are meant purely for educational discussion of financial products and services. Khatabook does not make a guarantee that the service will meet your requirements, or that it will be uninterrupted, timely and secure, and that errors, if any, will be corrected. The material and information contained herein is for general information purposes only. Consult a professional before relying on the information to make any legal, financial or business decisions. Use this information strictly at your own risk. Khatabook will not be liable for any false, inaccurate or incomplete information present on the website. Although every effort is made to ensure that the information contained in this website is updated, relevant and accurate, Khatabook makes no guarantees about the completeness, reliability, accuracy, suitability or availability with respect to the website or the information, product, services or related graphics contained on the website for any purpose. Khatabook will not be liable for the website being temporarily unavailable, due to any technical issues or otherwise, beyond its control and for any loss or damage suffered as a result of the use of or access to, or inability to use or access to this website whatsoever.