The India Battery Market report segments the industry into Technology (Lithium-Ion Battery, Lead-Acid Battery, Other Technologies) and Application (SLI Batteries, Industrial Batteries (Motive, Stationary (Telecom, UPS, Energy Storage Systems (ESS)), Etc.), Portable (Consumer Electronics, Etc.), Automotive Batteries (HEV, PHEV, and EV), Other Applications). Get five years of historical data and future forecasts.

The India Battery Market is projected to achieve a market size of USD 20.04 billion by the year 2030, indicating significant growth ahead

In 2022, the market size for battery in India was around *** billion U.S. dollars. It was estimated by the year 2030, the market will reach *** billion dollars. One of the main factors driven the growth would be the increasing demand for energy storage.

The India Rechargeable Battery Market Report and It is Segmented by Technology (Lead Acid, Lithium-Ion, Nickel Cadmium, and Others (NiMh, Nicd, Etc. ), Applications (Automotive Batteries, Industrial Batteries, Portable Batteries, and Other Applications). The Report Offers the Market Size and Forecasts for the India Rechargeable Battery Market in Revenue (USD) for all the Above Segments.

The Report Covers India Lead Acid Battery Manufacturers & Companies and the Market is segmented by Application (SLI (Start, Light, and Ignition) Batteries, Industrial Batteries, and Other Applications).

The size of the India Battery Market market was valued at USD 7.20 Million in 2023 and is projected to reach USD 21.35 Million by 2032, with an expected CAGR of 16.80% during the forecast period. Recent developments include: February 2024: Trontek Group showcased its innovative Lithium-ion Battery and other products at the Bharat Mobility Global Expo, organized by the industry body India Energy Storage Alliance (IESA) in New Delhi., May 2023: iPower Batteries Pvt. Ltd, a lithium-ion and graphene lead-acid battery manufacturer, announced achieving a significant milestone by developing India’s first lithium magnesium iron phosphate battery series, the Rugpro lithium-ion series, for the electric vehicle (EV) industry. In April 2023, the Indian government approved the batteries under AIS 156 (Amendment III) Phase 2.. Key drivers for this market are: 4., The Emergence of New and Exciting Markets, i.e., Electric Vehicles and Battery Energy Storage Systems for Different Applications4.5.1.2 The Growing Usage of Automotive Batteries in Electric Vehicles. Potential restraints include: 4., The Emergence of New and Exciting Markets, i.e., Electric Vehicles and Battery Energy Storage Systems for Different Applications4.5.1.2 The Growing Usage of Automotive Batteries in Electric Vehicles. Notable trends are: The Automotive Segment to Witness Significant Growth.

The Report Covers Indian Lithium-Ion Battery Market Size & Share, and It is Segmented by Applications (Portable, Automotive, and Other Applications). The Report Offers the Market Size and Forecasts for the India Lithium-Ion Battery Market in Revenue (USD) for all the Above Segments.

As of March 2025, the largest battery company in India by market capitalization was Exide at around *** billion Indian rupees. It was followed by Amara Raja, with a market capitalization of approximately *** billion rupees. Exide Exide is an Indian storage battery manufacturing company based in Kolkata, India. It is the largest manufacturer of lead-acid batteries and energy storage solutions provider in the country, and its business has been growing steadily for the last few years. With the rise of electric vehicles, the company has been investing heavily in lithium-ion battery manufacturing, with more than *** billion Indian rupees as of January 2025. At the end of 2024, the company also partnered with Hyundai and Kia to locally produce EV lithium-ion batteries for the latter. EV in India Unlike other more advanced economies, two-wheelers dominate India’s EV market. In the financial year 2024, there were more than *********** electric two-wheelers sold in the country. For the electric car market, passenger EVs have seen some strong development in the last few years, which has driven demand for lithium-ion batteries. In March 2025, the Indian government ended import duties for components needed for EV battery manufacturing, boosting both the battery and EV industries.

India Alkaline Battery Market was valued at USD 910 Million in 2025 and is expected to reach USD 1369 Million by 2031 with a CAGR of 6.89%.

Unlock data-backed intelligence on India Lithium-ion Battery Market, size at USD 4.2 billion in 2023, showcasing industry trends and key players.

India Battery Cell Market size was valued at USD 8.5 Billion in 2024 and is projected to reach USD 32.33 Billion by 2032, growing at a CAGR of 16% from 2025 to 2032.

Key Market Drivers:

Government Push for Electric Vehicle Adoption: India has implemented aggressive policies and initiatives to promote electric vehicle adoption, driving demand for battery cells. The Indian government has committed INR 25,938 crore ($3.1 billion) under the Production Linked Incentive (PLI) scheme for Advanced Chemistry Cell (ACC) battery storage. Under the ACC PLI scheme, the manufacturing facility would have to be set up within two years.

Growing Energy Storage Requirements: India's expanding renewable energy infrastructure requires substantial energy storage solutions, boosting the battery cell market. India aims to install 450 GW of renewable energy capacity by 2030, of which 280 GW will require battery storage systems.

The Indian starter battery market soared to $2.6B in 2024, surging by 18% against the previous year. The market value increased at an average annual rate of +4.6% over the period from 2012 to 2024; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

The India Lithium-ion Battery Market size was valued at USD 4.71 Million in 2023 and is projected to reach USD 19.74 Million by 2032, exhibiting a CAGR of 22.72 % during the forecasts periods. Recent developments include: March 2024: Panasonic Energy Co Ltd, a subsidiary of Panasonic Group, a Japan-based multinational electronics company, will form a joint venture with Maharatna PSU Indian Oil Corporation Ltd, the nation's biggest oil firm, to manufacture cylindrical lithium-ion batteries., January 2024: Automotive battery maker - Amara Raja Batteries Ltd announced its plans to operate a gigafactory before the end of 2025. In May 2023, the company laid the foundation stone for one of its first gigafactories in the Mahbubnagar district in Telangana, India, that is expected to produce Lithium Cell and Battery Packs with a capacity of up to 16 GWh and 5 GWh, respectively., December 2023: Himadri Speciality Chemical Ltd announced its plan to invest INR 48.00 billion (USD 576 million) over the next 5-6 years in setting up a plant that is likely to produce 2 lakh tonnes of lithium iron phosphate, a key material for making lithium-ion batteries used in electric vehicles.. Key drivers for this market are: 4., Declining Cost Of Lithium-ion Batteries4.; Increasing Adoption of Electric Vehicles. Potential restraints include: 4., Demand and Supply of Raw Materials for Battery Manufacturing. Notable trends are: The Automotive Segment to Witness Significant Growth.

In India Sodium-ion Battery Market, offering valuable insights, key market trends, competitive landscape, and future outlook to support strategic decision.

The India lithium-ion battery market is experiencing robust growth, projected to reach a market size of $4.71 billion in 2025 and maintain a Compound Annual Growth Rate (CAGR) of 22.72% from 2025 to 2033. This expansion is fueled by several key factors. Firstly, the burgeoning electric vehicle (EV) sector in India is a major driver, creating significant demand for high-performance lithium-ion batteries. Government initiatives promoting EV adoption and renewable energy further accelerate market growth. The increasing use of portable electronic devices and the expansion of the automotive industry also contribute to market expansion. Furthermore, advancements in battery technology, leading to increased energy density, longer lifespan, and improved safety features, are boosting consumer and industrial adoption. However, challenges remain, including the high initial cost of lithium-ion batteries, reliance on imported raw materials, and the need for robust battery recycling infrastructure. Despite these restraints, the long-term outlook for the India lithium-ion battery market remains exceptionally positive, driven by consistent technological advancements and supportive government policies. The market segmentation reveals a strong presence across diverse applications. The portable electronics segment, encompassing smartphones, laptops, and other consumer electronics, forms a substantial portion of the market. The automotive segment is experiencing rapid growth, fueled by the government’s push for electric mobility. Key players such as TDS Lithium-Ion Battery Gujarat Private Limited, Bharat Electronics Limited, and Exide Industries (through its Nexcharge JV) are actively shaping the market landscape through innovation and strategic partnerships. Competition is intense, with both domestic and international companies vying for market share. The market's growth trajectory indicates significant opportunities for investment and expansion in battery manufacturing, research and development, and recycling infrastructure development within India. Further growth is likely to be influenced by the success of government initiatives to improve the domestic supply chain and reduce reliance on imports. Recent developments include: March 2024: Panasonic Energy Co Ltd, a subsidiary of Panasonic Group, a Japan-based multinational electronics company, will form a joint venture with Maharatna PSU Indian Oil Corporation Ltd, the nation's biggest oil firm, to manufacture cylindrical lithium-ion batteries., January 2024: Automotive battery maker - Amara Raja Batteries Ltd announced its plans to operate a gigafactory before the end of 2025. In May 2023, the company laid the foundation stone for one of its first gigafactories in the Mahbubnagar district in Telangana, India, that is expected to produce Lithium Cell and Battery Packs with a capacity of up to 16 GWh and 5 GWh, respectively., December 2023: Himadri Speciality Chemical Ltd announced its plan to invest INR 48.00 billion (USD 576 million) over the next 5-6 years in setting up a plant that is likely to produce 2 lakh tonnes of lithium iron phosphate, a key material for making lithium-ion batteries used in electric vehicles.. Key drivers for this market are: 4., Declining Cost Of Lithium-ion Batteries4.; Increasing Adoption of Electric Vehicles. Potential restraints include: 4., Declining Cost Of Lithium-ion Batteries4.; Increasing Adoption of Electric Vehicles. Notable trends are: The Automotive Segment to Witness Significant Growth.

India Lithium-ion Battery Market was valued at USD 375 Million in 2025 and is expected to reach USD 640 Million by 2031 with a CAGR of 9.17%.

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Battery Market Size 2024-2028

The battery market size is valued to increase USD 296.6 billion, at a CAGR of 18.69% from 2023 to 2028. Shift in the automotive industry to EVs will drive the battery market.

Major Market Trends & Insights

APAC dominated the market and accounted for a 44% growth during the forecast period.
By Application - Portable batteries segment was valued at USD 52.10 billion in 2022
By Type - Lithium ion segment accounted for the largest market revenue share in 2022

Market Size & Forecast

Market Opportunities: USD 291.34 billion
Market Future Opportunities: USD 296.60 billion
CAGR : 18.69%
APAC: Largest market in 2022

Market Summary

The market encompasses the production, sales, and installation of various battery types, primarily driven by the shift towards renewable energy and the surge in electric vehicles (EVs) adoption. Core technologies, such as lithium-ion and nickel-metal hydride, dominate the landscape, with lithium-ion batteries holding a significant market share due to their high energy density and long cycle life. Applications span across industries, including telecommunications, grid energy storage, and transportation, with the automotive sector experiencing a major transformation. Technological developments, such as solid-state batteries and advanced battery management systems, are pushing the boundaries of energy storage capabilities.
However, challenges persist, including the use of counterfeit batteries and regulatory compliance. According to a recent study, The market is projected to reach a 30% market share in the EV sector by 2025, underscoring the market's continuous evolution and growth potential.

What will be the Size of the Battery Market during the forecast period?

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How is the Battery Market Segmented and what are the key trends of market segmentation?

The battery industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in 'USD billion' for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

Application

  Portable batteries
  Automotive batteries
  Industrial batteries
  Energy Storage Systems (ESS)
  Aerospace and Defense
  Wearables


Type

  Lithium ion
  Silicon-Graphite Composite
  Pure Silicon Anode
  Silicon-Based Solid-State Batteries
  Silicon-Sulfur
  Others


Technology

  Primary Batteries
  Secondary (Rechargeable) Batteries


End-User

  Automotive
  Electronics
  Utilities
  Industrial
  Healthcare


Geography

  North America

    US
    Canada


  Europe

    Germany
    UK


  Middle East and Africa

    UAE


  APAC

    China
    India
    Japan
    South Korea


  South America

    Brazil


  Rest of World (ROW)

By Application Insights

The portable batteries segment is estimated to witness significant growth during the forecast period.

The rechargeable the market, specifically lithium-ion batteries, is experiencing significant growth, driven primarily by the automotive sector. Currently, adoption in this segment has risen by 25%, with electric vehicles (EVs) and e-bikes leading the charge. This trend is expected to continue, with industry forecasts projecting a 27% increase in demand for these batteries over the next few years. Lithium-ion batteries offer several advantages over traditional chemistries, such as higher energy density, improved performance, longer cycle life, and lower production costs. These factors make lithium-ion batteries an attractive choice for EV manufacturers like Tesla, leading to increased market penetration.

Battery technology has advanced significantly, with enhancements in cell balancing, power electronics, and thermal management. Fast charging capabilities, self-discharge rate reduction, and improved energy efficiency are essential features that have become increasingly important for battery users. Material science plays a crucial role in battery development, with anode and cathode materials undergoing continuous research and innovation. Battery testing, including impedance spectroscopy and discharge curves, is essential to assess battery health and performance. Battery pack design, capacity fade, specific power, and cycle life are critical factors that influence battery selection and application. Solid-state batteries and battery management systems are emerging technologies that aim to address challenges such as internal resistance and state of health monitoring.

Battery recycling is another area of focus, as the industry seeks to minimize environmental impact and maximize resource utilization. The ongoing evolution of battery technology and its applications across various sectors underscores the dynamic nature of this market.

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The Portable batteries segment was valued at USD 52.10

India Data Center Battery market size valued at USD 0.97 billion in 2025 and expected to reach USD 4.35 billion by 2034, growing at 18.13% CAGR from 2026-2034.

The India Alkaline Battery Market Report is Segmented by Type (Primary Battery and Secondary Battery), and Application (Consumer Electronics, Commercial, and Others).

The Indian lithium battery market dropped sharply to $X in 2021, with a decrease of -17.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a abrupt descent. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.