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My dear investors,

All of us know that Electric Vehicle is the Future of transportation. And that is the reason you are here to get benefited from the future by investing in the future milestone companies.

As the title suggests, here is the “List of Electric Vehicle Battery Manufacturers in India”. Please read the full article with in depth details about each company.


Sector : Chemical, Product : Lithium-ion Battery

Indian global company with interests in chemicals, crop protection and speciality chemistry products. As per the recent update, Tata Motors will make Lithium-ion Batteries for upcoming TATA EVs.

  • Market Cap: ₹18954 Crore (Large Cap)
  • Company PE: 35 (Safe as per company’s projections)
  • Operating Profit Margin: 18 % (Good)
  • Sales Growth (3Yrs): 0% (Not good)
  • Promoter holding: 37.98 % (Increased from past)
  • ROE: 7.39 % (Okay)
  • Debt to equity Ratio: 0 (Debt Free)

Data as on 26th March 2021 Source: Tata Chemicals

Exide Industries – NSE:EXIDEIND

Sector: Auto Ancillaries, Product:VRLA (Valve Regulated Lead-Acid)

In India everyone is aware about exide batteries. Because each two wheeler and four wheeler use batteries of Exide Industries. The performance and service quality of this company is undoubtedly good.

  • Market Cap: ₹15508 Crore (Large Cap)
  • Company PE: 21.1 (Fair)
  • Operating Profit Margin: 10-11 % (Good)
  • Sales Growth (3Yrs): 9% (Fair)
  • Promoter holding: 45.99 % (Good)
  • ROE: 12.50-13 % (Fair)
  • Debt to equity Ratio: 0.03 (Debt Free)

Data as on 26th March 2021 Source: Exide Industries

Amara Raja Batteries – NSE:AMARAJABAT

Sector: Auto Ancillaries, Product: Lead-Acid Batteries

Although you do not know about Amara Raja Batteries but you might be knowing Amaron Battery used at your home Inverter or in Bike. This company is widely popular all over India.

  • Market Cap: ₹14354 Crore (Large Cap)
  • Company PE: 24.2 (Fair)
  • Operating Profit Margin: 16 % (Good)
  • Sales Growth (3Yrs): 9% (Fair)
  • Promoter holding: 28.06 % (Fair)
  • ROE: 18.60 % (Fair)
  • Debt to equity Ratio: 0.02 (Debt Free)

Data as on 26th March 2021 Source: Amara Raja Battery

Extra information about the car batteries.

  1. Lithium-ion
  2. Nickel-metal hybrid
  3. Lead-Acid
  4. Ultra-capacitors

Lithium-ion batteries

Common battery type used in electric cars because of its portability. The batteries are also used in Mobile Phones and Laptops too. Lithium-ion batteries are most useful because of its power-to-weight ratio. These are practically perfect batteries because they can sustain its long life in high outer temperature. Also, it has low “self-discharge” rate, which means you can see very low discharge rate.

Nickel-metal hydride batteries

Nickel-metal hydride batteries are widely used in hybrid-electric vehicles. Hybrid-electric vehicles do not rely on charging from an EV charging station. But automatically recharge while running on fuel. When fuel ends then battery charge utilized.

Lead-acid batteries

Lead-acid batteries are currently in use just to supplement main battery load in Electric Vehicle. Lead-Acid batteries are high-powered, cheaper, having a good amount of safety, and also reliable, but due to their short life span and non sustainability in cold-temperature makes it difficult to use in EVs.


Traditionally Ultra-capacitors are not original batteries. But they store polarized liquid between an electrode and an electrolyte. The capacity of energy storage in the battery increases as the liquid’s surface area increased. Ultra-capacitors, like lead-acid batteries, are primarily useful as secondary storage devices in EVs because ultra-capacitors only help to maintain the load of electrochemical batteries. But in addition, ultra-capacitors can be used to provide extra power to EVs during acceleration at up hill climbing of the car or regenerative braking.

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