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