India is home to several leading battery companies, each contributing significantly to the country’s energy sector. Here are the top 10 best battery companies in India:
- Exide Industries Ltd.
- Amara Raja Batteries Ltd.
- Eveready Industries Pvt Ltd.
- HBL Power Systems Ltd.
- Indo National Ltd.
- Panasonic Energy India Company Ltd.
- High Energy Batteries Ltd.
- Goldstar Power Ltd.
- Su-Kam Power Systems Ltd.
- Duracell Inc.
1. Exide Industries Ltd.
Exide Industries Ltd is India’s largest selling battery company. It manufactures batteries for long-lasting automobiles at nominal prices compared to industry-standard prices. The company is also engaged in producing solar, electric, and inverter batteries. Its head office is situated in Kolkata.
– Revenue: ₹15,200 Crores
– Market Capitalization: ₹15,400 Crores
– Growth in sales (3 years): 15.60%
2. Amara Raja Batteries Ltd.
Amara Raja is one of the top battery-making companies in India. They produce batteries all over India, particularly in the automobile and industrial sectors. Significant companies like Hyundai and Toyota are clients of Amara Raja Batteries Ltd.
– Revenue: ₹6,800 Crores
– Market Capitalization: ₹13,400 Crores
– Growth in Sales (3 years): 13.50%
3. Eveready Industries Pvt Ltd.
Eveready Industries is a consumer-friendly company using next-generation superior technology to make durable batteries. They are involved in making Rechargeable and Zinc alkaline batteries.
– Revenue: 335.36 Crores
– Market Capitalisation: 2,237 Crores
– Growth in Sales(3 years): -6.1%
4. HBL Power Systems Ltd.
Since 1977, HBL Power systems have strived to provide efficient and Durable batteries for aircraft and the Defense sector.
– Revenue: ₹1,180 Crores
– Market Capitalization: ₹498.45 Crores
– Growth in sales (3 years): -0.75%
5. Indo National Ltd.
Indo National Ltd, which has recently changed its name to Nippo Batteries, is involved in providing a wide variety of LED torch lights to meet the requirements of consumers.
– Revenue: ₹492.10 Crores
– Market Capitalization: ₹190.57 Crores
– Growth in Sales (3 years): 0.20%
6. Panasonic Energy India Company Ltd.
Panasonic Energy India Company Ltd has high productivity and huge economic demand. The company is involved in the production of various lithium batteries and alkaline batteries.
– Revenue: ₹200.75 Crores
– Market Capitalization: ₹127.75 Crores
– Growth in Sales (3 years): – 4.62%
7. High Energy Batteries Ltd.
High-energy batteries are mainly for Aero defence systems and naval expeditions. The company produces various silver chloride magnesium, nickel-cadmium and lead acid batteries.
– Revenue: ₹64.20 Crores
– Market Capitalization: ₹52.29 Crores
– Growth in Sales (3 years): 25.97%
8. Goldstar Power Ltd.
Goldstar power has emerged as one of India’s biggest battery manufacturing companies. The company has, in little time, made a mark in the production of lead-acid batteries for the automobile industry.
– Revenue: ₹35,26 Crores
– Market Capitalization: ₹23.27 Crores
– Growth in Sales (3 years): -2.64%
9. Su-Kam Power Systems Ltd.
The company is a significant player in the production of inverter batteries. The establishment was established in 1988, and it is said to be able to provide its products worldwide in not less than 90 countries.
– Revenue: 500 Crores
– Market Capitalisation: 225 Crores
– Growth in Sales(3 years): 7.3%
10. Duracell Inc.
Duracell started its journey in producing batteries long back in 1940. It is now primarily known for making alkaline batteries much more durable than the batteries provided by its rival companies.
– Revenue: 15,000 Crores
– Market Capitalisation: 3,000 Crores
– Growth in sales (3 years): 4.6%
These companies have made significant strides in the battery industry, contributing to India’s energy sector’s growth and development. Their innovative products and services have not only catered to the domestic market but have also made a mark in the international arena. As the demand for energy continues to grow, these companies are poised to play a crucial role in meeting this demand, thereby driving India’s growth story forward.
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