Fostering Battery Manufacturing Excellence with Optimal Precision

According to Mordor Intelligence, the India Battery Market size is projected to expand from USD 12.68 billion in 2025 and USD 14.01 billion in 2026 to USD 23.30 billion by 2031, registering a CAGR of 10.71 percent between 2026 to 2031. With this upsurge at hand, battery manufacturers have been playing a pivotal role in benchmarking the overall market standards while driving the needed innovation.

Today, this growth can be attributed to the rapid electrification of two- and three-wheelers, coupled with gigafactory investments under the Production-Linked Incentive for Advanced Chemistry Cell scheme, and surging demand from telecom and data-center backup segments.

Furthermore, the India battery market is diversifying chemistry portfolios: solid-state, sodium-ion, and LFP lines are gradually making a shift from pilot to commercial scale so as to mitigate critical-mineral exposure and improve thermal safety.

Also to note, India’s Union Budget 2026–27 has greatly reinforced the transition by extending the much-needed duty exemptions for key inputs used in lithium-ion cell manufacturing.

This move supports localisation and signals the government’s commitment to strengthening the country’s energy infrastructure. Indian battery manufacturers have now become central to ensuring that the country’s EV ambitions are supported by a robust and reliable supply chain.

In 2026, expert battery manufacturers are critical to India's energy transition. These players act as the backbone of the rapidly expanding electric vehicle (EV) and renewable energy sectors. With the industry shifting from adoption to large-scale production, expertise is direly required to transition from import reliance to localized, high-performance manufacturing.

Recognizing some of the most sought-out manufacturers, Industry Outlook brings to you yet another meticulously crafted edition - ‘Top 10 Battery Manufacturers - 2026’. We will shed-light on the nitty-gritty of these nominated manufacturers in setting quality standards in India’s burgeoning battery industry.