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

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.

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

India Battery Market was valued at USD 10.45 Billion in 2025 and is expected to reach USD 20.24 Billion by 2031 with a CAGR of 11.48% during the forecast period.

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).

India Lead Acid Battery Market was valued at USD 2.01 Billion in 2025 and is expected to reach USD 3.06 Billion by 2031 with a CAGR of 7.10% during the forecast period.

India Battery Market Analysis The India battery market is projected to reach a market size of 7.20 million by 2033, growing at a remarkable CAGR of 16.80% from 2025 to 2033. The increasing adoption of electric vehicles, power backup systems, and portable electronics fuels this growth. Lithium-ion batteries dominate the market, owing to their high energy density and durability. Automotive batteries (HEV, PHEV, and EV) are expected to witness significant growth due to the government's push for electric mobility. Major drivers of the market include rising disposable income, increasing demand for uninterrupted power supply, and growing awareness of sustainable energy sources. Key trends include the development of advanced battery technologies such as solid-state batteries, and the increasing popularity of battery-as-a-service models. However, factors such as high raw material costs and concerns over battery disposal restrain market growth. Leading market players include Exide Industries Ltd, Luminous Power Technologies Pvt Ltd, HBL Power Systems Ltd, and Amara Raja Batteries Ltd, among others. The market is highly competitive, with companies focusing on innovation and product differentiation to gain a competitive edge. 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.

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%.

India Lithium-Ion Battery Market was worth USD 3.5 billion in 2023, and forecast to touch USD 18.9 billion in 2031, growing at a CAGR of 23.5% till 2031

The report covers Alkaline / Disposable Battery Manufacturers in India and the market is segmented by Type (Primary, and Secondary Battery), and Application (Consumer Electronics, Commercial, and Others)

The India lithium-ion battery market is experiencing robust growth, projected to reach a market size of $4.71 billion in 2025 and exhibiting a remarkable Compound Annual Growth Rate (CAGR) of 22.72% from 2025 to 2033. This expansion is fueled by several key drivers. The burgeoning electric vehicle (EV) sector in India is a primary catalyst, demanding increased lithium-ion battery production for both two-wheelers and four-wheelers. Government initiatives promoting clean energy and reducing carbon emissions further bolster market growth. Moreover, the increasing adoption of portable electronic devices and the expansion of the automotive industry contribute significantly to the market's upward trajectory. Growth within the portable applications segment is likely driven by the expanding smartphone and laptop markets. The automotive segment is expected to be the fastest-growing segment owing to the aforementioned government policies and growing consumer preference for EVs. While challenges like raw material price volatility and the need for robust battery recycling infrastructure exist, the overall market outlook remains exceptionally positive. The market segmentation reveals significant opportunities within various application areas. Portable electronics, including smartphones, laptops, and power banks, currently constitute a substantial market share. However, the automotive sector is poised for exponential growth, driven by the increasing adoption of electric vehicles and hybrid electric vehicles across India. Key players in the market, such as Okaya Power Group, Nexcharge, and Toshiba Corporation, are actively investing in research and development, expanding their production capacity, and exploring strategic partnerships to capitalize on this burgeoning market. Regional variations exist, with certain regions experiencing faster adoption rates than others depending on infrastructure development and government incentives. Competition is intense, prompting innovation in battery technology, performance, and cost-effectiveness to maintain a competitive edge in this dynamic market. 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.

The India EV Battery Pack Market report segments the industry into Body Type (Bus, LCV, M&HDT, Passenger Car), Propulsion Type (BEV, PHEV), Battery Chemistry (LFP, NCM, NMC, Others), Capacity (15 kWh to 40 kWh, 40 kWh to 80 kWh, Above 80 kWh, Less than 15 kWh), Battery Form (Cylindrical, Pouch, Prismatic), Method (Laser, Wire), Component (Anode, Cathode, and more), and Material Type.

The India Stationary Battery Energy Storage System Market is projected to reach a value of $365.8 Million by 2033, exhibiting a 13.87% CAGR during the forecast period 2025-2033. The growing demand for reliable and uninterrupted power supply, coupled with the government's push for renewable energy and energy storage solutions, is driving the market growth. Key factors driving the market include the increasing adoption of renewable energy sources such as solar and wind power, which require energy storage to manage intermittency and grid balancing. Furthermore, the rising demand for electricity in remote and island communities, as well as the need for backup power in critical infrastructure, are further fueling the market growth. Additionally, technological advancements in battery technology, such as improved power density and longer lifespans, are making stationary battery energy storage systems more cost-effective and efficient, contributing to the market's expansion. Recent developments include: June 2024: Bihar State Power Generation Company (BSPGCL) awarded an order to Larsen & Toubro (L&T) to construct a grid-connected 185 MW solar power project in the Lakhisarai district. This project is integrated with a 254 MWh stationary battery energy storage system. Approximately 80% of the generated power will be utilized, while the remaining 20% will charge the battery energy storage system.June 2024: JSW Energy commenced the construction of a 1,000 MWh battery energy storage system in Fatehgarh, Rajasthan, India. The project, awarded by the Solar Energy Corporation of India (SECI), will be executed in two phases, each featuring two units with a storage capacity of 500 MWh, allowing for two hours of storage per cycle. Tentatively, the project aims to be commissioned by 2025.May 2024: Statcon Energia launched a 3-kW single-phase grid-tie solar inverter designed specifically for residential and small office use. Further, the firm also introduced a 5 kW inverter. Key attributes of the inverter encompass a low current distortion factor, advanced MPPT for enhanced solar generation, support for a wide range of PV voltages, and an advanced phase-locked loop for a seamless grid-interactive mode.. Key drivers for this market are: 4., Increasing Adoption of Solar Energy4.; Declining Cost of Lithium-Ion Batteries. Potential restraints include: 4., Increasing Adoption of Solar Energy4.; Declining Cost of Lithium-Ion Batteries. Notable trends are: Lithium-ion Battery Expected to Grow Significantly.

The India Lithium-ion Battery report provides a detailed analysis of emerging investment pockets, highlighting current and future market trends. It offers strategic insights into capital flows and market shifts, guiding investors toward growth opportunities in key industry segments and regions.

India UPS Battery Market was valued at USD 401 Million in 2025 and is expected to reach USD 633 Million by 2031 with a CAGR of 7.77%.

As of March 2025, the largest battery company in India by market capitalization was Exide at around 302 billion Indian rupees. It was followed by Amara Raja, with a market capitalization of approximately 190 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 330 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 one million 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%.

India Lithium-Ion Battery Market size was valued at USD 42.874 Billion in 2020 and is projected to reach USD 140.1509 Billion by 2028, growing at a CAGR of 15.96% from 2021 to 2028.

Rising Disposable Incomes & Urbanization: Increasing disposable incomes and rapid urbanization in India are driving the demand for a wide range of consumer electronics, including smartphones, laptops, tablets, wearables (smartwatches, fitness trackers), and smart home devices.
High Smartphone Penetration: Smartphones, which rely heavily on Li-ion batteries, continue to be the largest revenue-generating product segment in consumer electronics.

The India SLI battery market is anticipated to expand at a promising CAGR of 4.77% during the forecast period (2025-2033), reaching a market size of Million by 2033. This growth is primarily driven by the increasing demand for automotive vehicles and the growing popularity of electric vehicles (EVs) in the country. The increased use of battery-powered devices, such as laptops and smartphones, is also contributing to the market's growth. The market is segmented based on type (flooded battery, VRLA battery, and EBF battery) and end-user (automotive and others). The automotive segment holds a significant share of the market due to the large number of vehicles produced and sold in India. However, the others segment is expected to grow at a faster rate during the forecast period, owing to the rising demand for SLI batteries in various industries, such as telecommunications, healthcare, and power generation. Recent developments include: March 2024: Exide Industries Ltd announced that the company is expected to launch new premium lead-acid batteries for the automotive segment in India. The company’s new premium absorbent glass mat lead-acid batteries, used in fossil-fuel-based cars used in electric vehicles, are expected to be the future of automotive batteries in the country.March 2023: SOLiTHOR made considerable advancements in its next-generation solid-state lithium battery technology. The company developed an entirely solid-state lithium battery, enabling the use of a lithium metal anode. SOLiTHOR's prototypes are all-solid-state lithium batteries.. Key drivers for this market are: 4., Increasing Adoption of Motor Vehicles4.; Growing Demand for SLI Batteries from Industrial and Agricultural Applications. Potential restraints include: 4., Increasing Adoption of Motor Vehicles4.; Growing Demand for SLI Batteries from Industrial and Agricultural Applications. Notable trends are: The Increasing Adoption of Motor Vehicles Drives the Market.