Key Indian Battery Makers Plans for EVs – Exide, Amara Raja, HBL, Eveready Strategy for Electric Vehicle Batteries
Last updated: Feb 2020 by Narasimhan Santhanam
This post is a part of EV Next’s EV Perspectives.
EV Next, a division of EAI, is a leading market intelligence & strategic consulting firm for the Indian e-mobility sector.
Currently, as of early 2020, the supply chain for EVs in India is still nascent. We are hence providing specific inputs based on prominent OEMs.
- In mid-2017, Exide Industries Ltd. announced that it would start producing batteries for electric vehicles. The e-rickshaw market offers “huge opportunities” for growth as sales of e-rickshaws have expanded “spontaneously” without much government backing and around one million e-rickshaws have already been launched on Indian roads
- The company was also exploring the market to launch batteries for electric two-wheelers. However, as the two-wheelers run only on lithium-ion batteries, which are quite expensive, the company said that production of these batteries would start when the demand for electric two-wheelers increases
- In the same year (2017), the company was planning to set up a lithium ion battery plant by 2018. The company said it will source technology from China-based Chaowei Power, a German battery manufacturer, and from the Indian Institute of Technology, Chennai. The deal was signed at the beginning of 2017 and will get over by 2025
- The company also said that it has been manufacturing batteries for electric rickshaws. Batteries are being offered both in tubular as well as in flat plate design to ensure maximum performance under the challenging road conditions. The company aims to offer e-mobility solutions for a wide range of applications, such as e-vans and e-buses, among others
- In 2016, Amara Raja Group (ARG), an established player in automobile batteries, announced that it was looking to enter electric car batteries space in due course. The company’s R&D center was working on electric car batteries and other new technologies. However, as the market was nascent, the company said that it would hopefully enter into the segment whenever the market is favorable for electric car battery production.
During end 2017, the company announced that it will strengthen its two-wheeler battery plant with an estimated investment of Rs 700 crore. The company said it had started catering to electric vehicles as a pilot.
Eculion energy is one of the manufacturers of Lithium ion batteries in India located in Noida. They produce customizable batteries for E mobility applications. Euclion incorporates several technologies for optimized thermal management and advanced electronics to work in adverse environmental conditions. Top notch software technology for communication with host devices and Advance integrated Battery management systems with diagnostics helps to maintain the battery quality. The company manufactures batteries for all forms of e mobility.
Orxa energies a startup based in Bengaluru makes high-performance battery packs at lower weight and volume. These batteries are able to manage the specific challenges of performance vehicles – longevity, thermals and weight. Our products are currently being used in Aerospace, Automotive, and other applications. Their automotive packs are “Off the Shelf”, swap-ready, & modular. They have also developed an Electric Motor cycle named The Mantis.
- Other companies interested in or planning to setup EV cell manufacturing units are JSW, Adani, Mahindra, Hero, and Panasonic.
- Apart from the above companies Munoth Industries Ltd already started the work for 1.2 GW Battery cell manufacturing unit at Tirupati.
- apan’s Panasonic Corp. is exploring opportunities to set up a facility for assembling lithium-ion (li-ion) battery modules in India. (August, 2019)
- South Korea’s LG Chem Ltd and Japan’s Toshiba have also formed collaborations for assembling battery packs with Indian companies such as Mahindra and Mahindra (M&M) Ltd.
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Wish to know everything about India’s EV market from one place? Check out the India EV Expert Guide, an 800 page comprehensive guide to the Indian EV market. Here
See also the blog posts:
- Current and Expected Market Sizes of Electric Vehicles in India – E-scooter, Electric Car, Electric Rickshaws, E-bikes
- Strategy for Indian Electric Vehicle Growth – Product, Tech, Infra Strategies for EV Market
- Indian Electric Vehicle Market Entry Strategy – Recommendations for Different Types of Investors
Comprehensive Inputs on Indian EV Ecosystem
Check out the following sections for comprehensive inputs on Indian EV ecosystem (click on each section for more details)
Categories: E-mobility, Electric Vehicles, Energy Storage, Energy Storage in EVs, EV Batteries
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