India’s lithium-ion battery manufacturing sector has moved decisively from cell-pack assembly to genuine domestic cell production in 2026, with installed capacity now nearing 60 gigawatt-hours and projected to cross 100 GWh by year-end. The Production Linked Incentive Scheme for Advanced Chemistry Cell Battery Storage has already committed over 50 GWh of incentivised capacity to four bidders, while the Union Budget 2026-27 doubled the PLI Auto and Auto Components allocation to ₹5,940 crore and extended customs duty exemptions on lithium-ion cell manufacturing equipment. Tata Group’s Agratas is building a 20 GWh gigafactory in Sanand, Gujarat, and Ola Electric remains the only Indian company currently running a commercial-scale cell gigafactory with 1 GWh of annual captive capacity. Around 90 percent of India’s lithium-ion battery demand still comes from automotive applications, with the rest split across data centres, grid-scale renewable storage, and rooftop solar. Let us have a look at the top 10 lithium-ion battery manufacturers in India for the year 2026.
1. Exide Industries Ltd. (Exide Energy Solutions)
Exide Industries, headquartered in Kolkata and one of India’s oldest and most trusted battery names, is executing its most significant strategic pivot in decades through its wholly-owned subsidiary Exide Energy Solutions Limited, which is constructing a large lithium-ion cell gigafactory in Bengaluru alongside an existing 1 GWh lithium-ion plant in Haldia, West Bengal. The company’s Livo series already brings LiFePO4 battery technology to residential and solar storage customers, backed by Exide’s extensive pan-India dealer and service network built over decades of lead-acid battery leadership.
Exide serves automotive OEMs, solar installers, and industrial backup customers with both lithium-ion cells and finished battery packs, and its transition from a legacy lead-acid manufacturer into a domestic cell producer represents one of the clearest signals that India’s established battery giants are genuinely committing capital to indigenous lithium-ion manufacturing rather than simply importing and assembling foreign cells.
2. Amara Raja Energy & Mobility Limited
Amara Raja Energy & Mobility, headquartered in Tirupati, Andhra Pradesh, has expanded well beyond its traditional automotive and industrial lead-acid battery business into lithium-ion cell and battery pack manufacturing for electric mobility and stationary energy storage. The company’s industrial battery brands include PowerStack, AmaronVolt, and Quanta, distributed alongside its automotive Amaron and PowerZone brands through one of India’s largest pan-India sales and service networks, with pack assembly operations now running at roughly 2.5 GWh of annual capacity across EV and telecom applications.
Amara Raja serves UPS, telecom, railways, defence, solar, and oil and gas customers with its diversified energy storage product range, and its scale and existing distribution muscle make it one of the few Indian battery companies positioned to compete simultaneously across automotive, industrial, and grid-storage lithium-ion segments as demand accelerates.
3. Agratas Energy Storage Solutions (Tata Group)
Agratas, the dedicated battery manufacturing arm of Tata Group, is building a 20 GWh lithium-ion cell gigafactory in Sanand, Gujarat, backed by Tata Motors’ announced investment of approximately USD 1.5 billion, with initial production targeted for 2026 and long-term plans to scale well beyond its opening capacity. The project represents one of the largest single lithium-ion cell manufacturing commitments in India and is designed to supply Tata’s own electric vehicle lineup while eventually serving external automotive and energy storage customers.
Agratas serves Tata Motors’ electric vehicle programme and, over time, the broader Indian EV and grid-storage market with domestically manufactured lithium-ion cells, and its Gujarat gigafactory is widely regarded as the flagship project that will determine how quickly India can reduce its near-total dependence on imported lithium-ion cells from China, Japan, and South Korea.
4. Ola Electric Mobility Limited
Ola Electric operates the only lithium-ion cell gigafactory in India currently running at commercial scale, with approximately 1 GWh of annual captive cell production feeding its own electric two-wheeler lineup from its Krishnagiri facility in Tamil Nadu. This captive cell manufacturing model sets Ola apart from most Indian battery players, who remain pack assemblers dependent on imported cells rather than genuine upstream cell producers.
Ola Electric serves its own electric scooter manufacturing operations with in-house lithium-ion cells, and as of 2026 it remains the clearest proof point that commercial-scale indigenous cell production is achievable in India, even as larger gigafactory projects from Tata, Exide, and Amara Raja work toward matching or exceeding its capacity.
5. Waaree Energy Storage Solutions
Waaree Energy Storage Solutions, part of Waaree Energies, one of India’s largest solar module manufacturers, is building a 20 GWh lithium-ion cell and battery pack manufacturing plant after securing INR 1,003 crore in funding in January 2026 specifically to accelerate this expansion. The company is leveraging Waaree’s existing renewable energy manufacturing expertise and supply chain relationships to move from solar modules into complementary smart energy storage systems.
Waaree serves solar EPC contractors, utility-scale renewable energy developers, and grid-storage customers with lithium-ion battery systems designed to pair directly with its solar installations, and its entry signals how India’s established renewable energy manufacturers are increasingly treating battery storage as a natural extension of their existing clean energy business rather than a separate venture.
6. Luminous Power Technologies Pvt. Ltd.
Luminous Power Technologies, a subsidiary of Schneider Electric, has long been a dominant name in India’s home inverter and power backup market and has extended that position into lithium-ion battery manufacturing for electric vehicles and solar energy storage at its facility in Baddi, Himachal Pradesh. The company’s established reputation for reliability in residential backup power gives it a distribution and brand-trust advantage as it pushes lithium-ion products into homes that previously relied exclusively on lead-acid inverter batteries.
Luminous serves residential, commercial, and industrial customers with lithium-ion, tubular, and solar energy storage system batteries, and its growing lithium-ion presence in the off-grid and solar storage segment reflects how quickly Indian households are shifting away from traditional lead-acid backup toward longer-lasting, faster-charging lithium alternatives.
7. Okaya Power Group
Okaya Power, a subsidiary of the broader Okaya Group and historically known for lead-acid batteries across automotive, industrial, and solar applications, has entered the lithium-ion battery market with a dedicated manufacturing plant in Baddi, Himachal Pradesh, carrying an annual production capacity of 500 MWh. The company has built a strong reputation in energy storage and power backup solutions that now spans residential, commercial, and industrial lithium-ion offerings alongside its traditional lead-acid product lines.
Okaya serves residential, commercial, and industrial energy storage customers with a diverse battery portfolio spanning lead-acid, solar, and lithium-ion technologies, and its dual-chemistry approach allows it to serve budget-conscious customers still using lead-acid systems while simultaneously capturing the growing segment of buyers upgrading to lithium-ion.
8. Log9 Materials Scientific Pvt. Ltd.
Log9 Materials, headquartered in Bengaluru, is one of the few Indian companies producing its own lithium-ion cells at commercial scale, running approximately 50 MWh of annual cell manufacturing capacity focused on fast-charging LTO and LFP chemistries for electric three-wheelers and commercial EV applications through its RapidX battery platform. The company has positioned itself specifically around ultra-fast charging technology suited to India’s high-utilisation commercial EV fleets rather than competing directly in the passenger vehicle segment.
Log9 Materials serves electric three-wheeler manufacturers and commercial EV fleet operators with fast-charging lithium-ion cells and battery packs, and its focus on genuine cell-level innovation rather than pack assembly alone makes it one of India’s more technically differentiated lithium-ion battery companies despite its smaller overall production scale.
9. TDS Lithium-Ion Battery Gujarat Pvt. Ltd.
TDS Lithium-Ion Battery Gujarat, a joint venture bringing together Toshiba, Denso, and Suzuki, operates a captive lithium-ion cell manufacturing facility in Gujarat with approximately 0.6 GWh of annual production capacity, supplying cells primarily for Maruti Suzuki’s electric and hybrid vehicle programmes. As one of the earliest genuine multinational cell manufacturing joint ventures established in India, the company brought established Japanese battery cell expertise directly into domestic production well ahead of many local entrants.
TDS Lithium-Ion Battery Gujarat serves Suzuki’s automotive electrification programme with captive lithium-ion cells manufactured domestically, and its joint-venture structure demonstrates how technology transfer partnerships between established global battery players and Indian automotive manufacturers can accelerate genuine cell-level manufacturing capability rather than relying solely on organic domestic development.
10. Cygni Energy Private Limited
Cygni Energy has emerged as India’s leading lithium-ion battery pack assembler by verified operational capacity, running approximately 4.8 GWh of annual production focused primarily on battery energy storage systems for grid-scale and industrial applications. While not yet a cell manufacturer in its own right, Cygni’s scale in pack assembly and systems integration for BESS applications currently exceeds that of several larger, better-known Indian battery brands.
Cygni Energy serves utility-scale renewable energy developers, industrial backup power customers, and grid-storage project developers with high-capacity battery energy storage systems, and its position as India’s largest pack assembler by capacity highlights how the BESS segment, separate from EV batteries, has quietly become one of the fastest-scaling parts of India’s lithium-ion ecosystem in 2026.
Frequently Asked Questions (FAQs)
Q1. Which Indian company is currently the largest producer of actual lithium-ion cells, as opposed to battery packs?
A: Ola Electric leads among confirmed cell manufacturers with approximately 1 GWh of annual captive production at its Tamil Nadu gigafactory, making it the only Indian company currently operating a commercial-scale lithium-ion cell factory. TDS Lithium-Ion Battery Gujarat (0.6 GWh) and Munoth Industries (270 MWh) also produce cells at smaller scale, while much larger projects from Tata’s Agratas, Exide Energy Solutions, and Amara Raja are in ramp-up and expected to begin commercial cell production within the next year.
Q2. Why does India still import most of its lithium-ion cells despite having so many battery manufacturers?
A: Most Indian companies listed as battery manufacturers are actually pack assemblers, importing lithium-ion cells from China, Japan, and South Korea and then integrating them into finished battery packs with battery management systems suited to Indian conditions. Genuine domestic cell manufacturing at commercial scale remains limited to a handful of players, which is precisely why the government’s PLI-ACC scheme and gigafactory projects from Agratas, Exide, and Amara Raja are considered so strategically important for reducing import dependence.
Q3. What is the PLI-ACC scheme and how does it support lithium-ion battery manufacturers in India?
A: The Production Linked Incentive Scheme for Advanced Chemistry Cell Battery Storage has committed over 50 GWh of incentivised domestic cell manufacturing capacity to four bidders, offering financial incentives tied to actual production output rather than just capital investment. The Union Budget 2026-27 further strengthened this support by doubling the PLI Auto and Auto Components allocation to ₹5,940 crore and extending customs duty exemptions on capital goods used specifically in lithium-ion cell manufacturing.
Q4. Which battery chemistry is most commonly used by Indian lithium-ion manufacturers, and why?
A: LFP, or Lithium Iron Phosphate, is the most widely used chemistry among Indian manufacturers due to its superior thermal stability, safety, and longer cycle life compared to NMC chemistry, making it particularly well suited to India’s higher ambient temperatures. LFP batteries dominate solar storage, industrial backup, and increasingly electric two- and three-wheeler applications, while NMC chemistry remains more common in passenger electric vehicles where higher energy density is prioritised over the safety margin LFP provides.
Q5. Which states in India are leading lithium-ion battery manufacturing investment, and why?
A: Tamil Nadu, Gujarat, and Maharashtra together account for approximately 72 percent of India’s committed lithium-ion cell manufacturing capacity, driven by strong state-level incentives, established automotive manufacturing clusters, and proximity to major ports for both raw material imports and finished product exports. Gujarat specifically hosts Tata’s Agratas gigafactory and TDS Lithium-Ion Battery Gujarat, while Tamil Nadu is home to Ola Electric’s cell facility, reflecting how existing automotive and industrial infrastructure has shaped where battery manufacturers choose to locate new capacity.