Top EV Battery Manufacturers Stocks in India 2025: Best

Ever wondered which EV battery manufacturers in India are leading the charge toward a cleaner future—and stronger returns? With so many factories and companies claiming to be the best, choosing the right one can be overwhelming. Making the right choice means not just supporting green tech, but also fueling your portfolio with real potential. Better suppliers mean better batteries—and better business! Ready to power up your investment decisions?

Dive in to discover India’s top EV battery manufacturers and see which stocks are driving results.

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Top 10 EV Battery Companies Stocks in India – Latest by 2025

Product Details:
The company manufactures lead-acid and lithium-ion batteries for electric vehicles, supplying battery cells, modules, and packs. Some companies also produce advanced carbon for battery anodes or manage battery recycling.

Technical Parameters:
– Lithium-ion battery technology under expansion with dedicated manufacturing
– Production covers battery cells, modules, and packs suitable for EV
– Integration of advanced battery management systems (notably BEL).
– Recycling capabilities to recover metals like manganese, nickel, cobalt, and

Application Scenarios:
– Automotive sector: powering electric cars, two-wheelers, three-wheelers, and
– Industrial applications, including power backup and storage for enterprises.
– Military, aerospace, and specialized battery applications (notably HBL Power
– Battery supply to OEMs and support for battery swapping infrastructure.

Pros:
– Established manufacturing legacy, brand trust, and large-scale production
– Expansion into lithium-ion technology and indigenous battery production
– Strategic partnerships and joint ventures enhance technological capabilities (e
– Active involvement in battery recycling and sustainable recovery of valuable

Cons:
– Some companies (like Hero MotoCorp, Himadri Speciality) do not manufacture
– Limited mention of proprietary or competitive technical advantages outside
– Dependence on scaling up new facilities impacts time-to-market for lithium-ion
– No detailed technical performance metrics or specific differentiators presented

Top 17 Best EV Stocks In India, Electric Vehicle Sector Analysis And …

Product Details:
The companies offer a wide range of electric vehicle (EV) products and related components/services, including electric 2-wheelers, electric cars, electric buses, EV batteries, vehicle components, and EV charging stations.

Application Scenarios:
– Personal transportation via electric 2-wheelers and cars
– Public transport provided by electric buses
– Charging infrastructure for EV owners and fleets
– Supplying batteries and components for the EV industry

Pros:
– Diverse product offerings covering the entire EV ecosystem: vehicles, batteries
– Strong market growth forecast for EVs in India, driven by supportive policies
– High recent returns for several EV-related stocks, indicating strong investor

Cons:
– Some offerings limited to specific vehicle segments (e.g., only buses, only
– Potential volatility in stock returns as seen with both high positive and

Best EV Stocks in India (2025): Electric Vehicle Shares List

Product Details:
The companies listed are major players in India’s electric vehicle (EV) sector, offering products and services including two-wheelers (TVS Motor Company Ltd), four-wheelers (Mahindra and Mahindra Ltd), EV-related auto parts (UNO Minda Ltd), industrial machinery for EVs (Greaves Cotton Ltd), chemicals for EV battery production (Solar Industries India Ltd), and commercial vehicles like trucks and buses (Eicher Motors Ltd, Ashok Leyland Ltd).

Technical Parameters:
– Market capitalizations range from INR 4,921.03 crore to INR 361,375.19 crore.
– Price to Earnings (PE) ratios vary across companies from approximately 22.65 to
– One-year returns for these companies range from around 5.69% to 64.53%.
– Companies cover diverse EV sub-sectors: two-wheelers, four-wheelers,

Application Scenarios:
– Urban and rural transportation through electric two-wheelers and four-wheelers.
– Manufacturing and supply of EV components and batteries.
– Commercial transport with electric trucks and buses.
– Industrial usage of machinery and chemicals in EV production ecosystems.

Pros:
– Products cover a broad spectrum of the EV value chain, from vehicles to
– Strong growth trajectory and increasing market demand indicated by return
– Diverse company offerings reduce sector-specific risks for investors.

Cons:
– Current EV penetration in India’s vehicle market remains low (only 1.3% of car
– High PE ratios for leading companies suggest elevated valuations and potential
– The sector’s fast-evolving nature may introduce regulatory and technological

Top 5 Leading Battery Stocks in India 2025 – Businesses Ranker

Product Details:
Indian battery companies such as Exide Industries, Amara Raja Batteries, Tata Power, Reliance Industries Limited (RIL), and HBL Power Systems offer a range of batteries including automotive, industrial, lithium-ion, solid-state batteries, and battery energy storage systems as well as energy storage solutions for electric vehicles and renewable power integration.

Technical Parameters:
– Includes lithium-ion and (for RIL) next-generation solid-state battery
– Vertical integration from renewable energy generation to storage solutions (RIL)
– Focus on scalable, large-scale battery production facilities (RIL)
– Emphasis on R&D for high-performance and sustainable battery technologies

Application Scenarios:
– Electric vehicle (EV) batteries for cars and commercial vehicles
– Renewable energy storage (solar and wind integration)
– Industrial uses including telecom, railways, aviation, and defense
– Deployment in EV charging infrastructure and energy storage systems

Pros:
– Strong market positions, with leading brands and wide distribution networks
– Significant investment in lithium-ion and advanced battery technologies for
– Vertical integration and large-scale production supports lower costs and better
– Focus on sustainable, high-performance, and innovative solutions aligned with

Cons:
– Transition risk as companies shift from traditional lead-acid to new battery
– Potential execution challenges in scaling up new battery manufacturing
– Heavy reliance on partnerships and technological collaborations, possibly

List of Top Battery Stocks in India (2025) – smallcase

Product Details:
Indian battery companies manufacture a wide range of batteries, including lead-acid storage batteries, lithium-ion batteries, carbon rods for dry cell batteries, and specialized batteries for industrial, automotive, military, and renewable energy applications. Products are supplied to both domestic and international markets and span consumer electronics, vehicles, and critical energy infrastructure.

Technical Parameters:
– Manufacture of carbon rods used in dry cell batteries (Panasonic Carbon India
– Lead-acid battery technology for automotive, industrial, and submarine
– Specialized batteries for military and aerospace applications (HBL Power
– Automotive and industrial battery solutions (Amara Raja Energy & Mobility Ltd)

Application Scenarios:
– Automotive batteries for electric vehicles and general motor vehicles
– Industrial energy storage and backup power systems
– Consumer electronics such as remotes and toys
– Renewable energy storage solutions

Pros:
– Crucial for India’s transition to green energy and net-zero pollution targets
– Growing market demand due to electric vehicle adoption and renewable energy push
– Products cover diverse applications from everyday devices to critical national
– Government policies and incentives fostering domestic production and supply

Cons:
– Dependent on global supply chains and availability of critical raw minerals
– Exposure to changing regulatory and environmental compliance requirements
– Competition from international battery manufacturers
– Market performance influenced by geopolitical stability and manufacturing

Best EV Stocks in India For 2025 Based on 5Y CAGR

Best Battery Stocks in India 2025 – Groww

Product Details:
The company manufactures a range of batteries including automotive batteries, industrial batteries, and specialized batteries for inverters and solar applications.

Technical Parameters:
– Batteries available for both four-wheelers and two-wheelers
– Specialized batteries for inverters and solar energy systems
– VRLA (Valve Regulated Lead Acid) and tubular battery variants

Application Scenarios:
– Automotive sector (cars, motorcycles, commercial vehicles)
– Backup power for inverters
– Solar power storage
– Industrial energy storage

Pros:
– Diverse product portfolio covering multiple sectors
– Strong brand reputation and widespread distribution network
– Focus on innovation and technology in battery manufacturing

Cons:
– Profitability dependent on prices of raw materials like lead
– Competitive and fragmented market

Best EV Stocks in India 2025 | Top Electric Vehicle Companies

Product Details:
The companies highlighted offer electric two-wheelers (motorcycles, scooters), electric cars and SUVs, EV batteries, and supporting services such as charging infrastructure and battery production. Leading models include TVS iQube, Bajaj Chetak electric scooter, Tata Nexon EV, Tiago EV, Tigor EV, and Mahindra XUV400 EV.

Technical Parameters:
– TVS electric vehicle sales grew 59% YoY (April 2024 to April 2025), with
– Bajaj Auto’s flagship Chetak electric scooter had 29% market share in Q4 FY25,
– Tata Motors EV sales target: 30% of total sales by FY30, current best-sellers
– Mahindra introduced BE 6 and Xuv.e9 SUVs, together receiving over 30,179

Application Scenarios:
– Personal mobility in urban and semi-urban areas through electric two-wheelers
– Commercial transport and fleet operations with electric 4-wheelers (SUVs,
– Battery manufacturing and supply for EVs and infrastructure development such as
– Replacement for traditional petrol/diesel vehicles in densely populated cities

Pros:
– Rapid growth in EV adoption, especially in two-wheelers for affordable, urban
– Strong government support and clear targets for EV adoption and local
– Integrated ecosystem approach—collaborations for battery (Tata Chemicals) and
– Expanding product portfolios and new model launches meet diverse consumer needs

Cons:
– 4-wheeler EV sales (e.g., Tata Motors) recently saw a year-on-year decline,
– India still plays catch-up in electric cars compared to global EV
– Short-term growth in EV business segments is sensitive to overall auto market

Best Electric Vehicle Battery Stocks in India (2025)

Product Details:
The company manufactures and supplies electric vehicle (EV) batteries, focusing on lithium-ion batteries for a range of EVs including electric cars, two-wheelers, three-wheelers, and commercial vehicles.

Technical Parameters:
– Utilizes advanced lithium-ion battery chemistry
– Offers batteries with high energy density
– Emphasizes long cycle life and rapid charging capabilities

Application Scenarios:
– Electric cars
– Electric two-wheelers and three-wheelers
– Commercial electric vehicles
– Public transportation e-buses

Pros:
– Enhanced energy efficiency for longer driving ranges
– Faster charging times compared to traditional batteries
– Lower maintenance requirements

Cons:
– Higher upfront cost compared to conventional lead-acid batteries
– Limited domestic raw material supply may impact production scalability

Top Battery Companies Stocks in India – appreciate

Product Details:
Indian battery companies manufacture automotive, industrial, and specialty batteries including lithium-ion, high-energy, dry-cell, and rechargeable battery solutions. Key players supply batteries for electric vehicles (EVs), renewable energy, consumer electronics, defense, railways, telecom, and household use. Some companies focus on R&D and advanced battery technologies tailored to energy storage and clean energy applications.

Technical Parameters:
– Lithium-ion battery technology investment and development
– High-energy and specialized batteries for defense, aerospace, and critical
– Dry-cell and rechargeable battery manufacturing
– Focus on energy storage solutions supporting renewable and backup power needs

Application Scenarios:
– Electric vehicle (EV) battery supply and energy storage
– Industrial applications such as defense, railways, telecom, and exports
– Consumer markets: household devices, flashlights, and electronics
– Grid energy storage and renewable energy integration

Pros:
– High growth potential due to rising EV adoption and renewable energy demand
– Diversified applications across multiple sectors (automotive, industrial,
– Government incentives and supportive policies driving market expansion
– Companies investing in R&D and new technologies for competitive advantage

Cons:
– Potential market fluctuations due to regulatory changes or sector-specific risks
– High competition, including from global players and technology advancements

Comparison Table

Company Product Details Pros Cons Website
Top 10 EV Battery Companies Stocks in India – Latest by 2025 The company manufactures lead-acid and lithium-ion batteries for electric Established manufacturing legacy, brand trust, and large-scale production Some companies (like Hero MotoCorp, Himadri Speciality) do not manufacture e-vehicleinfo.com
Top 17 Best EV Stocks In India, Electric Vehicle Sector Analysis And … The companies offer a wide range of electric vehicle (EV) products and related Diverse product offerings covering the entire EV ecosystem: vehicles, batteries Some offerings limited to specific vehicle segments (e.g., only buses, only weinvestsmart.com
Best EV Stocks in India (2025): Electric Vehicle Shares List The companies listed are major players in India’s electric vehicle (EV) sector, Products cover a broad spectrum of the EV value chain, from vehicles to Current EV penetration in India’s vehicle market remains low (only 1.3% of car www.tickertape.in
Top 5 Leading Battery Stocks in India 2025 – Businesses Ranker Indian battery companies such as Exide Industries, Amara Raja Batteries, Tata Strong market positions, with leading brands and wide distribution Transition risk as companies shift from traditional lead-acid to new battery businessesranker.com
List of Top Battery Stocks in India (2025) – smallcase Indian battery companies manufacture a wide range of batteries, including Crucial for India’s transition to green energy and net-zero pollution Dependent on global supply chains and availability of critical raw www.smallcase.com
Best EV Stocks in India For 2025 Based on 5Y CAGR www.jainam.in
Best Battery Stocks in India 2025 – Groww The company manufactures a range of batteries including automotive batteries, Diverse product portfolio covering multiple sectors Strong brand reputation and Profitability dependent on prices of raw materials like lead Competitive and groww.in
Best EV Stocks in India 2025 Top Electric Vehicle Companies The companies highlighted offer electric two-wheelers (motorcycles, scooters), Rapid growth in EV adoption, especially in two-wheelers for affordable, urban 4-wheeler EV sales (e.g., Tata Motors) recently saw a year-on-year decline,
Best Electric Vehicle Battery Stocks in India (2025) The company manufactures and supplies electric vehicle (EV) batteries, focusing Enhanced energy efficiency for longer driving ranges Faster charging times Higher upfront cost compared to conventional lead-acid batteries Limited techventurespot.com
Top Battery Companies Stocks in India – appreciate Indian battery companies manufacture automotive, industrial, and specialty High growth potential due to rising EV adoption and renewable energy Potential market fluctuations due to regulatory changes or sector-specific appreciatewealth.com

Frequently Asked Questions (FAQs)

How can I identify reputable EV battery manufacturers in India?
Start by checking industry directories, trade associations, and attending relevant expos. Look for manufacturers with certifications such as ISO and proven track records of supplying well-known brands. Online reviews and testimonials from existing clients can also provide insight into a company’s reputation.

What certifications should a reliable EV battery manufacturer in India have?
Ensure the manufacturer holds certifications like ISO 9001 for quality management and ISO 14001 for environmental management. For batteries, BIS (Bureau of Indian Standards) compliance is essential, along with any international safety and performance standards relevant to your application.

How do I compare stocks of different EV battery manufacturers?
Look at their financial stability, production capacity, customer base, and recent partnerships or government contracts. Evaluate long-term growth prospects, technology adoption, and R&D investment. Reviewing company reports and analyst opinions can also provide valuable insights.

What factors should I consider to choose the best supplier for my needs?
Consider production capacity, delivery timeline, customization options, after-sales support, and warranty terms. Also, assess their experience with your intended battery application and their ability to scale production as your business grows.

Are Indian EV battery manufacturers open to overseas partnerships or exports?
Many Indian manufacturers actively seek international clients and are open to partnerships or exports. Request details on their export experience, compliance with international standards, and logistics capabilities to ensure a smooth cross-border business relationship.

Top EV Battery Manufacturers Stocks in India 2025: Best

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