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Best Battery Stocks In India to Buy in 2025
Best Battery Stocks In India to Buy in 2025
From using phones and laptops to driving electric vehicles, nowadays, batteries have become one of the most essential products in our day-to-day life. With a focus on electric vehicles and renewable energy production, the demand for batteries is expected to increase, leading to a potential surge in the prices of battery stocks in India.
The future is EV, and the steady rise of Indian players such as Tata Motors in the Automotive Electric vehicle segment is a testament to it. The EV Industry is still at a nascent stage and petrol and diesel cars are still popular among people, but the rapid pace at which natural resources such as petroleum and gas are depleting, the switch to alternative sources of energy for transportation is inevitable and currently Electric Vehicles are leading the way as the substitute of petrol and diesel engines
Moreover, recently India hit a jackpot after it discovered 60 lakh tonnes of lithium in Jammu which has bolstered India’s lithium requirement making it self-reliant till now India was dependent on its imports from other countries. But the question of what lies here is that... Is India ready for electric vehicles? Let’s understand in detail.
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How Batteries are transforming the Automobile Industry?
The main component of Electric Vehicles is its lithium ion battery as it is the driving force of an Electric Vehicle in the literal sense propelling it forward the life and durability of an EV largely depend on its battery which eventually decides the success of the vehicle along with the features of the electric vehicle.
As the world is shifting from fossil fuels to more environment-friendly and electricity-driven sources of energy, batteries play a vital role in this energy transformation process and are turning out to be vital storage tools. we can also say lithium ion battery manufacturers stocks in India are the best share market tips for the investor to invest in the share market.
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Future of Lithium Batteries in India
Lithium-ion batteries first came onto the scene commercially in the 1990s and are now becoming the prominent source of eco-friendly drive by becoming a power source for many new-age mobile phones, electric cars, inverter batteries, battery bikes for kids, lithium powered batteries, and drones. According to Bloomberg, the demand for lithium-ion batteries is expected to grow 17-fold by 2030 which will eventually result in the reduction of battery storage cost.
The battery industry in India is estimated to touch newer heights by reaching $ 15.65 billion in 2029 from $7.20 in 2024 with a CAGR of 16.80. It’s because of such a huge growth potential; the EV sector presents itself as a lucrative investment opportunity for retail as well as institutional investors.
EV is an attempt to shift the focus in the auto industry from traditional energy sources such as fuel and diesel to other renewable sources. Investing in these stocks for the long term can reap exponential returns, therefore you should invest early in the stock market to leverage the power of compounding.
From two-wheelers, three-wheelers, cars, and buses EV covers a wide range of vehicles. Previously, India was importing majority of the EV batteries, semiconductors and battery management systems from Japan, Korea and China. Although now the tables have turned and the Lithium battery manufacturers in India have made huge strides in this area and are working meticulously towards manufacturing 81% in-house Lithium ion batteries for electric vehicles in the times to come with heavy backing from the government.
Battery technology is in the midst of the eco-friendly revolution taking place across the world whether it is with respect to smartphones, battery operated cars or medical equipment therefore, lithium-ion batteries that is the most important component of this revolution and the intricacies surrounding its manufacturing is something that everybody wants to resolve at the earliest.
You also need to know the best EV stocks in India to buy in 2024.
Best Battery Stocks in India in 2025 for the future.
Let’s find out some of the best Battery Stocks in India that could benefit from the Electronic Vehicle shift. These battery stocks are good stocks for long term investment.
1). Exide Industries
Exide is the largest battery manufacturer in India. The company provide a wide range of storage batteries for Automobile, industrial, railway, telecom, power, solar, submarine and UPS sectors.
The company generate 73% of its revenue from the automobile sector, 26% from industrial and 1% from submarine. It is one of the best EV battery stocks in India.
Exide is setting up its lithium-ion cell production in collaboration with SVOLT (China).
The company markets batteries under the brand names Exide, SF, Sonic and Standard Furukawa and in the international market they sell products under Dynex, Index & Sonic.
The company has acquired a stake of 7.7% in Leclanche for 107 crores between 2020-2021 and it presently has a capacity of 1.5 GWh.
2). Amara Raja Batteries Limited
In the Indian storage battery market, it is the biggest producer of lead-acid batteries for usage in vehicles and industrial applications. The company is popularly known for Amaron batteries, and it is also the preferred choice for big OEM companies.
It also provides services to many telecommunications companies such as Jio in industrial battery solutions. It is also on the lookout for technology for manufacturing Lithium-ion batteries.
3). Uno Minda Limited
Uno Minda is one of the leading Battery manufacturers in India, the company also manufactures auto electrical parts, such as switches, lights, sensors, controllers, mirrors, horns blow moulded, alloys and many more products related to auto sectors.
The company has two divisions dedicated to cementing their presence in the EV Industry: Electronic Manufacturing Excellence (EME) and Spark Minda Green Mobility Company. It has acquired 26% in the charging solutions start-up namely EVQPOINT Solutions and with this partnership, the company aims to carve a niche for themselves in the EV charging solutions space.
4). HBL Power Systems Ltd
HBL power system is the pioneer in the design, development and manufacturing of specialized batteries and DC systems in India.
The company serves various industries such as defence, railway, telecom, aviation, oil &gas, and power sectors.
The company owns and operates 5 manufacturing plants across Andhra Pradesh and Telangana.
5). Tata Power
Tata Power deals in the generation, transmission and distribution of electricity. The company is dedicated to producing electricity through renewable means and aims to build 1 lakh EV charging stations across India by 2025.
Being a Tata company gives it the advantage of a value chain presence where it can grow its one business with the help of other Tata Group companies such as Tata Chemicals. It has also strategically partnered with Marco Tech Developers to provide end-to-end EV charging stations across Mumbai and Pune. With the increase in the use of lithium batteries, it will also positively affect the chemical industry, therefore it also becomes important to know the best chemical stocks in India
6). Kabra Extrusion Technic Limited
It initially started as a plastic extrusion company but now it has also expanded into Lithium-ion batteries. The company started its new business of commercial production of Lithium-ion batteries in 2020 under the brand name Battrixx.
The company has strategically partnered with a leading European player and has benefitted from their patented design and manufacturing expertise. As it is a small-cap company, it can give exponential returns in the future if the company grows.
Role of Government in the EV transformation drive
The government is aware of the capabilities of the EV and realizes the vast potential market for EVs, solar distributed renewal energy, energy telecommunications towers, and data centers in India.
Therefore, they have passed a budget of 18,000 crores for manufacturing Advanced Chemistry Cell (ACC) batteries. Battery Swapping is also being taken seriously by the government and recently a much-awaited draft policy on it was released by the Niti Ayog that aims to promote EV adoption on a large scale by promoting electric vehicle tax exemptions.
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Conclusion
Natural resources are depleting and new resources of energy are forming EVs are one of them, which replace petrol and diesel cars. Lithium-ion batteries are the driving force of this technology shift. Hence, the companies that deal in the manufacturing and development of these batteries are in for a good time and we as prudent investors look for such companies that could give good returns in the future and thus contribute out bit to this technological change.
FAQ
Ques 1. Who is the largest producer of EV batteries in India?
Ans- The Amara Raja Batteries Company is the largest manufacturer and supplier of EV battery stocks in India. Similarly to Tata Group, Amara Raja Batteries has ventured into several sectors apart from battery manufacturing and collaborates with ISRO to manufacture electric vehicle batteries.
Ques 2. What is the PLI scheme?
Ans- The Product-Linked Initiative, also known as PLI, is a government initiative that supports battery manufacturers in India. A financial incentive is provided to eligible firms based on incremental revenues or investments in manufacturing facilities. The scheme is designed to boost domestic production, attract investments, and create jobs.
Ques 3. What are best battery penny stocks in India to buy?
Ans- Here is the list of best battery penny stocks in India and these companies have their manufacturing setups in India only:
- Starlit Power Systems Ltd
- Standard Batteries Ltd
- Indo National Ltd
- Pae Ltd
- Panasonic Energy India Co. ltd
Ques 4. List of lithium battery penny stocks in India?
Ans. Here is the list of lithium battery penny companies in India are:
| Sl No. | Company Name | Last Price | 52 wk High | 52 wk Low | Market Cap (Rs. cr) |
| 1 | Starlit Power Systems Ltd. | 2.46 | 6.79 | 2.05 | 2 |
| 2 | Goldstar Power Ltd. | 11.15 | 0 | 0 | 268 |
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