1. What are the leading battery companies in India?

Several companies stand out in the Indian battery sector. Exide Industries, Amara Raja Energy and Mobility, HBL Power Systems, Eveready Industries, and Indo National rank among the top battery stocks in India. These companies show strong growth potential across automotive and industrial segments.

2. Which is the best battery stock?

The following are the best battery stocks as per 1-year returns: Maxvolt Energy Industries Ltd CLN Energy Ltd HBL Engineering Ltd Disclaimer: The above list of battery stocks in India is for educational purposes only and should not be considered investment advice.

3. Why is the battery sector in India gaining investor interest?

Rising adoption of electric vehicles and increased focus on renewable energy projects drive demand for efficient energy storage solutions. This trend makes EV battery stocks more attractive to investors.

4. What factors should be considered before investing in battery stocks?

Investors should review a company’s financial health, level of technological advancement, market position, and alignment with government policies that promote clean energy before making investment decisions.

5. How is the Indian government supporting the battery industry?

The government supports the battery sector through incentives such as the Production-Linked Incentive scheme. These measures encourage domestic battery manufacturing and reduce dependence on imports, which benefits lithium battery stocks.

6. What are the risks associated with investing in battery stocks?

Battery stock investments involve risks such as technological changes, high competition, regulatory shifts, and market volatility. These factors can affect EV battery stocks in India.

7. What is the market outlook for battery stocks in India?

The battery sector in India shows strong growth potential. Increasing electric vehicle adoption and expanding renewable energy projects continue to create opportunities for electric battery stocks.

Best Battery Stocks in India (2026)

The Indian battery industry is growing rapidly. The rising adoption of electric vehicles and increasing demand for renewable energy storage are driving this growth. The market will grow from USD 7.2 bn in 2024 to nearly USD 15 bn by 2033. Demand for lithium-ion batteries continues to rise as India moves toward clean mobility and sustainable energy solutions.

Best Batteries Sector Stocks in India (2026)

Batteries Stock Screener

Batteries Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 11 of 11 results

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	NameStocks (11)↓	↓Sub-SectorSub-Sector↓	↓Market CapMarket Cap↓	↓Close PriceClose Price↓	↓PE RatioPE Ratio↓	↓1D Return1D Return↓	↓1M Return1M Return↓	↓6M Return6M Return↓	↓1Y Return1Y Return↓	↓PB RatioPB Ratio↓	↓Return on EquityReturn on Equity↓	↓ROCEROCE↓	↓Dividend YieldDiv Yield↓	↓Debt to EquityDebt to Equity↓	↓Volatility vs NiftyVolatility vs Nifty↓
1.	Exide Industries Ltd EXIDEIND	BatteriesBatteries	27,476.2527,476.25	323.25323.25	34.5634.56	-0.60-0.60	-11.09-11.09	-15.40-15.40	-7.05-7.05	1.971.97	5.935.93	8.618.61	0.620.62	0.140.14	2.012.01
2.	HBL Engineering Ltd HBLENGINE	BatteriesBatteries	19,538.0919,538.09	704.85704.85	70.5570.55	-0.18-0.18	-21.67-21.67	26.0926.09	40.5840.58	13.1813.18	20.5020.50	24.9124.91	0.140.14	0.050.05	4.354.35
3.	Amara Raja Energy & Mobility Ltd ARE&M	BatteriesBatteries	15,155.4215,155.42	828.05828.05	16.0416.04	-0.38-0.38	-9.76-9.76	-14.84-14.84	-18.53-18.53	2.052.05	13.3213.32	16.7916.79	1.271.27	0.040.04	2.072.07
4.	Eveready Industries India Ltd EVEREADY	BatteriesBatteries	2,288.562,288.56	314.85314.85	27.7627.76	-1.53-1.53	-4.40-4.40	-24.52-24.52	-10.00-10.00	4.964.96	19.4519.45	19.1819.18	0.480.48	0.680.68	3.053.05
5.	CLN Energy Ltd CLN	BatteriesBatteries	371.47371.47	352.00352.00	28.7128.71	-3.03-3.03	-20.72-20.72	-35.09-35.09	38.5038.50	3.933.93	23.9923.99	20.7220.72	--	0.170.17	4.854.85
6.	Maxvolt Energy Industries Ltd MAXVOLT	BatteriesBatteries	340.20340.20	312.00312.00	33.6233.62	-4.99-4.99	-36.97-36.97	25.5525.55	72.4772.47	4.964.96	25.2525.25	20.4320.43	--	0.140.14	4.824.82
7.	Indo National Ltd NIPPOBATRY	BatteriesBatteries	286.80286.80	382.40382.40	2.322.32	-4.05-4.05	-6.71-6.71	-15.00-15.00	-26.26-26.26	0.610.61	33.2533.25	28.9628.96	1.311.31	0.110.11	2.742.74
8.	Panasonic Energy India Co Ltd PANAENERG	BatteriesBatteries	249.45249.45	332.60332.60	21.1921.19	4.024.02	6.316.31	-11.33-11.33	-22.04-22.04	2.312.31	11.1811.18	15.9515.95	2.832.83	0.010.01	2.572.57
9.	Panasonic Carbon India Co Ltd PANCARBON	BatteriesBatteries	226.01226.01	470.85470.85	10.8510.85	-0.77-0.77	-4.12-4.12	-7.84-7.84	-3.18-3.18	1.311.31	12.6712.67	16.2216.22	2.552.55	0.000.00	1.731.73
10.	Goldstar Power Ltd GOLDSTAR	BatteriesBatteries	138.81138.81	4.854.85	61.1561.15	-4.90-4.90	-32.17-32.17	-47.85-47.85	-50.76-50.76	4.564.56	7.747.74	14.2814.28	--	0.360.36	3.863.86
11.	ATC Energies System Ltd ATCENERGY	BatteriesBatteries	64.7364.73	31.7531.75	5.685.68	-0.78-0.78	-14.65-14.65	-57.24-57.24	-68.77-68.77	0.730.73	18.6918.69	14.4614.46	--	0.340.34	4.484.48

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Disclaimer: Please note that the above table is for informational purposes only, and is not recommendatory. Please do your own research or consult your financial advisor before investing. The data is derived from Tickertape Stock Screener and is subject to real-time updates.

Selection criteria: Sub-sector: Batteries | Market Cap: Sorted from Highest to Lowest

Update: Union Budget FY 2025-26 on Battery Industry

The Union Budget 2025-26 introduces changes to boost India’s battery sector as the country moves toward sustainable energy and technology self-reliance. The government announced customs duty exemptions on key minerals and a new policy to recover minerals from mining waste. These steps will help India produce more batteries domestically and reduce reliance on imports.

Customs Duty Exemptions on Critical Minerals

The budget removes customs duties on waste and scrap of important minerals such as lithium-ion batteries, cobalt, and copper. This move will:

Keep a steady supply of raw materials for battery production

Reduce imports and make India more self-reliant

Cut production costs, making electric vehicles and energy storage more affordable

Lower import duties will also encourage local processing and recycling, strengthening the battery industry in India.

Policy for Mineral Recovery

The government will introduce a policy to extract critical minerals from mining by-products. This will:

Use untapped resources from mining waste
Strengthen the supply chain for battery production
Support electric vehicles and renewable energy sectors that depend on lithium, cobalt, and other minerals

Focusing on mineral recovery will help India reduce expensive imports and promote recycling within the battery sector.

Overview of the Best Battery Stocks in India

Exide Industries Ltd

Exide Industries Ltd is India’s leading battery manufacturer, producing automotive, industrial, inverter, solar, and submarine batteries. The company also exports to more than 60 countries and is expanding into lithium‑ion cell production for EVs and energy storage through its subsidiary, Exide Energy Solutions.

HBL Engineering Ltd

HBL Engineering Ltd (formerly HBL Power Systems) is an Indian engineering company focused on specialised batteries and power solutions, offering lead‑acid, nickel‑cadmium, and lithium‑ion products for the defence, railways, industrial, and renewable energy sectors, as well as advanced power electronics and safety systems.

Amara Raja Energy & Mobility Ltd

Amara Raja Energy & Mobility Ltd, known for its Amaron brand, manufactures automotive and industrial batteries in India. It is expanding into lithium‑ion technologies to support the EV transition, leveraging partnerships and local cell manufacturing to strengthen its position in the energy storage and mobility markets.

Eveready Industries India Ltd

Eveready Industries India Ltd is a well‑known battery and lighting-products company, dominating the dry-cell and flashlight segments in India. The firm also offers rechargeable batteries and small electrical appliances, maintaining strong brand recall and market presence in the consumer energy products category.

Maxvolt Energy Industries Ltd

Maxvolt Energy Industries Ltd is an Indian lithium‑ion battery manufacturer focused on EV and energy-storage solutions. Based in Ghaziabad, it produces rechargeable lithium battery packs for electric vehicles and aims to expand production capacity and sustainable recycling facilities to support India’s clean mobility growth.

How to Invest in Battery Sector Stocks?

Investing in best battery stocks in India using Tickertape is a straightforward process. Tickertape is a powerful stock analysis and screening tool that helps you make informed investment decisions. Here’s how you can use Tickertape to invest in battery stocks:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for Stocks in Battery Industry: Go to Tickertape Stock Screener and search for the ‘Battery’ sector.
Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio.
Analyse Stock Data: Tickertape provides comprehensive data on each stock, including financials, performance metrics, future projections, red flags, and more. You can review this data to assess each company’s health and potential in depth.
Add to Watchlist: You may keep track of potential investments by adding them to your watchlist.
Invest Through Your Broker: Once you’ve decided on a stock, you can place a buy order through your brokerage account linked to Tickertape.

You can stay updated with each of your favourite stocks’ alerts and announcements with Tickertape Alerts. Further, you can analyse your overall portfolio and potential red flags in it by connecting it to Tickertape. Check out detailed analysis of your portfolio now!

What are Battery Stocks?

Battery stocks represent shares of companies that manufacture, design, and supply batteries for electric vehicles, industrial applications, and energy storage. These companies work with lead-acid, lithium-ion, and other advanced battery technologies. Investing in battery stocks gives exposure to the expanding clean energy and electric vehicle markets.

Conclusion

Battery stocks in India show strong growth potential. The market will expand from USD 7.2 bn to USD 15.65 bn by 2029. Demand from electric vehicles and renewable energy storage continues to rise. Government support through initiatives like the PLI scheme also strengthens the sector. Ongoing technological progress and a focus on sustainability make battery stocks a solid long-term investment when investors evaluate financial strength and regulatory factors carefully.

Advantages of Investing in Battery Stocks in India

Market Growth Potential

The Indian battery market is projected to grow from approximately USD 7.2 bn to USD 15.65 bn by 2029, driven by increasing demand for electric vehicles (EVs) and renewable energy storage solutions. This projected battery sector growth highlights the evolving landscape of best battery stocks in India.

Government Support

Initiatives like the Production-Linked Incentive (PLI) scheme and the National Program on Advanced Chemistry Cell (ACC) Battery Storage aim to boost domestic battery manufacturing, providing favourable conditions for companies in this sector.

Technological Advancements

Continuous research and development in battery technologies, such as lithium-ion and solid-state batteries, promise better performance and cost savings. These advancements help Indian firms improve their battery stock performance while staying competitive in the global market.

Strategic Partnerships

Indian battery companies are increasingly entering alliances with international firms to enhance technological capabilities and extend global reach. Such partnerships contribute to the broader dynamics of battery stock trends and market penetration.

Environmental Impact

Investing in renewable battery stocks supports the transition to cleaner energy solutions, aligning with global sustainability goals and potentially attracting environmentally conscious investors.

Economic Incentives

The Indian government's focus on developing a domestic manufacturing ecosystem, including programs like the PLI scheme, provides economic incentives that can enhance the profitability of battery companies.

Risks of Investing in Battery Shares

Policy and Regulatory Risk

Government policies can affect battery companies. These companies, in particular, rely on incentives such as the PLI scheme. If the government changes rules or delays projects, it can also affect profits.

Rising Raw Material Costs

Raw materials pose another risk because the prices of lithium, nickel, and cobalt often change. If prices spike suddenly, production costs go up, and margins collapse.

Dependence on Imports

India depends on imports for many lithium-ion cells and raw materials. Trade restrictions or higher import duties can slow production and raise costs.

Rapid Technology Changes

Battery technology changes fast. Companies that rely on older chemistries, such as NMC, may lose market share as the market shifts toward LFP or solid-state batteries.

High Capital Investment Requirements

Expanding production costs a lot of money. Building gigafactories or scaling up can strain finances if projects take longer than expected or demand grows more slowly than expected.

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Factors to Consider Before Investing in Battery Stocks

Financial Health

Examine the company's financial statements, focusing on revenue growth, profit margins, and debt levels. A strong financial position ensures the ability to invest in research and development and withstand market fluctuations.

Regulatory Environment

While evaluating battery stocks for investment, stay informed about government policies and incentives related to the battery industry, such as subsidies for EVs and renewable energy projects. Favourable regulations can significantly impact company performance.

Supply Chain Stability

Consider the company's access to essential raw materials like lithium, cobalt, and nickel. The focus on battery raw material stocks has grown due to the need for a resilient and ethical supply chain in battery production.

Environmental and Social Governance (ESG) Practices

Evaluate the company's commitment to sustainable practices, including environmental impact and corporate governance. Firms with strong ESG compliance tend to feature prominently in discussions around sustainable battery stocks with high returns, especially in the long term.

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Frequently Asked Questions on Battery Stocks

1. What are the leading battery companies in India?
Several companies stand out in the Indian battery sector. Exide Industries, Amara Raja Energy and Mobility, HBL Power Systems, Eveready Industries, and Indo National rank among the top battery stocks in India. These companies show strong growth potential across automotive and industrial segments.
2. Which is the best battery stock?
The following are the best battery stocks as per 1-year returns:
Disclaimer: The above list of battery stocks in India is for educational purposes only and should not be considered investment advice.
3. Why is the battery sector in India gaining investor interest?
Rising adoption of electric vehicles and increased focus on renewable energy projects drive demand for efficient energy storage solutions. This trend makes EV battery stocks more attractive to investors.
4. What factors should be considered before investing in battery stocks?
Investors should review a company’s financial health, level of technological advancement, market position, and alignment with government policies that promote clean energy before making investment decisions.
5. How is the Indian government supporting the battery industry?
The government supports the battery sector through incentives such as the Production-Linked Incentive scheme. These measures encourage domestic battery manufacturing and reduce dependence on imports, which benefits lithium battery stocks.
6. What are the risks associated with investing in battery stocks?
Battery stock investments involve risks such as technological changes, high competition, regulatory shifts, and market volatility. These factors can affect EV battery stocks in India.
7. What is the market outlook for battery stocks in India?
The battery sector in India shows strong growth potential. Increasing electric vehicle adoption and expanding renewable energy projects continue to create opportunities for electric battery stocks.

Disclaimer: This article is for informational purposes only. The content of the article including securities/investment products mentioned if any, should not in any manner be construed as an investment advice, recommendation, offer, solicitation to buy/hold/sell any securities/investment products. The securities quoted if any, are for illustration only and are not recommendatory. Investment in securities market are subject to market risks. Read all the related documents carefully before investing. Please consult a SEBI-registered financial advisor before investing.