What are the leading battery companies in India?

Several battery companies in India operate across the automotive, industrial, and energy storage segments. Exide Industries, Amara Raja Energy and Mobility, HBL Engineering, Eveready Industries and Indo National are prominent listed companies in this sector.

Which is the best battery stock?

The following battery stock list is based on 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.

Why is the battery sector in India gaining investor interest?

Electric vehicle adoption, renewable energy expansion, and growing energy storage requirements are increasing demand for batteries. These trends have brought greater market attention to EV battery stocks and related businesses.

What factors should be considered before investing in battery stocks?

Factors influencing battery stocks in India include financial performance, production capacity, technological capabilities, customer concentration, raw material dependence, policy support, and exposure to automotive or energy storage demand.

How is the Indian government supporting the battery industry?

The government supports domestic manufacturing through measures such as the Advanced Chemistry Cell Production Linked Incentive scheme. These policies aim to expand the ecosystem for each eligible lithium battery company in India and reduce dependence on imports.

What are the risks associated with investing in battery stocks?

Battery businesses face risks from technological change, raw material price volatility, import dependence, competition, regulatory shifts, and capacity underutilisation. These factors can affect EV battery stocks in India and their financial performance.

What is the market outlook for battery stocks in India?

The industry outlook remains linked to electric vehicle adoption, grid-scale storage and renewable energy expansion. These developments may support demand for products supplied by EV battery manufacturers in India, although execution and technology risks remain.

Battery Stocks: Top Battery Shares in India (2026)

India's battery industry is expanding alongside electric mobility and renewable energy. The government estimates a requirement of 41.65 GW of battery energy storage by 2029-30, while domestic battery manufacturing continues to scale under the Advanced Chemistry Cell PLI scheme, increasing interest in battery-related stocks.

Best Battery Stocks in India (2026)

Batteries Stock Screener

Batteries Stock Screener: Analyse & Filter Indian Stocks on Tickertape

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Showing 1 - 12 of 12 results

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	NameStocks (12)↓	↓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	35,075.2535,075.25	412.65412.65	41.0641.06	-1.95-1.95	-15.03-15.03	32.4732.47	-2.38-2.38	2.522.52	6.136.13	8.938.93	0.480.48	0.110.11	2.082.08
2.	HBL Engineering Ltd HBLENGINE	BatteriesBatteries	20,019.0220,019.02	722.20722.20	24.5724.57	0.180.18	2.212.21	7.697.69	-15.36-15.36	9.049.04	44.1044.10	46.5946.59	0.420.42	0.030.03	3.093.09
3.	Amara Raja Energy & Mobility Ltd ARE&M	BatteriesBatteries	14,896.4314,896.43	813.90813.90	16.6316.63	-0.65-0.65	-10.26-10.26	2.902.90	-22.61-22.61	1.841.84	11.5711.57	14.4614.46	1.301.30	0.050.05	2.232.23
4.	Eveready Industries India Ltd EVEREADY	BatteriesBatteries	2,638.552,638.55	363.00363.00	15.3815.38	-0.87-0.87	2.722.72	15.1515.15	-17.91-17.91	4.244.24	31.6431.64	23.8623.86	0.690.69	0.320.32	2.442.44
5.	Ardee Industries Limited ARDEE	BatteriesBatteries	1,604.691,604.69	50.9150.91	18.9518.95	-3.25-3.25	-29.29-29.29	-24.15-24.15	-24.15-24.15	10.8910.89	80.6480.64	83.0283.02	--	1.251.25	2.852.85
6.	CLN Energy Ltd CLN	BatteriesBatteries	481.65481.65	456.40456.40	23.4423.44	-4.65-4.65	-5.26-5.26	46.2846.28	-23.09-23.09	5.105.10	23.9923.99	37.3337.33	--	0.170.17	4.074.07
7.	Maxvolt Energy Industries Ltd MAXVOLT	BatteriesBatteries	380.77380.77	349.20349.20	15.6215.62	4.994.99	10.1110.11	38.5238.52	50.3950.39	5.555.55	25.2525.25	48.6348.63	--	0.140.14	4.164.16
8.	Indo National Ltd NIPPOBATRY	BatteriesBatteries	238.39238.39	317.85317.85	-9.04-9.04	-1.43-1.43	-2.32-2.32	4.044.04	-33.29-33.29	0.510.51	33.2533.25	-4.44-4.44	1.181.18	0.110.11	2.862.86
9.	Goldstar Power Ltd GOLDSTAR	BatteriesBatteries	234.68234.68	8.208.20	7.987.98	4.464.46	18.8418.84	0.000.00	-8.38-8.38	7.707.70	7.747.74	89.0689.06	--	0.360.36	3.643.64
10.	Panasonic Carbon India Co Ltd PANCARBON	BatteriesBatteries	207.79207.79	432.90432.90	9.799.79	-0.67-0.67	-7.53-7.53	-4.01-4.01	-11.68-11.68	1.111.11	11.8111.81	16.0416.04	2.772.77	0.000.00	1.461.46
11.	Panasonic Energy India Co Ltd PANAENERG	BatteriesBatteries	197.14197.14	262.85262.85	56.4956.49	0.020.02	5.335.33	-9.32-9.32	-27.36-27.36	1.911.91	3.313.31	5.385.38	0.740.74	0.010.01	2.302.30
12.	ATC Energies System Ltd ATCENERGY	BatteriesBatteries	45.2645.26	22.2022.20	-30.58-30.58	0.000.00	-10.84-10.84	-13.28-13.28	-66.26-66.26	0.510.51	18.6918.69	0.640.64	--	0.340.34	4.184.18

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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

Union Budget 2026-27: Updates Affecting the Battery Sector in India

Customs duty relief for cell manufacturing: The Budget extended basic customs duty exemptions on capital goods required to manufacture lithium-ion cells for electric vehicles and battery energy storage systems (BESS). This lowers capital costs for setting up and expanding battery plants in India.
Expansion of duty-exempt machinery list: The government added 35 capital goods for EV battery manufacturing and 28 capital goods for mobile phone battery manufacturing to the duty-exempt list. This aims to reduce upfront investment costs across multiple battery manufacturing segments.
Duty-free recycling of battery scrap: Customs duty was removed on lithium-ion battery waste and scrap to support recycling and promote a circular economy. This step improves access to secondary raw materials and reduces dependence on imported inputs.
Support for critical mineral processing: Capital goods used for processing critical minerals such as lithium, cobalt, and rare earth elements received customs duty exemptions. This targets supply chain risks in battery and EV motor manufacturing.
Rare Earth Corridors announced: The Budget proposed dedicated Rare Earth Corridors in Odisha, Kerala, Andhra Pradesh, and Tamil Nadu to support permanent magnet manufacturing for EV motors and clean energy applications.
Stronger focus on BESS for grid stability: Continued duty exemptions and policy support for Battery Energy Storage Systems were aligned with renewable energy expansion, aiming to improve grid stability and make storage solutions more cost-competitive.

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 Power Transmission Stocks?

Investing in Power Transmission 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 Power Transmission stocks in India:

Sign Up and Log In: You can create an account on the Tickertape or log in if you already have one.
Search for “Power Transmission”: Go to Tickertape Stock Screener and set the “Sub-sector: Power Transmission” filter
Use Filters: You can apply over 200 filters to get stocks sorted based on criteria like market cap, P/E ratio, or returns. You can create your own custom filter, in case your preferred parameters are not available. This can help you narrow down the top Power Transmission stocks in India.
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.
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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 Power Transmission Stocks?

Power transmission stocks are shares of companies involved in building, operating, or supplying equipment for electricity transmission networks. These may include transmission line developers, tower manufacturers, transformer makers, cable companies, grid equipment suppliers, and power infrastructure firms.
In India, these stocks are linked to grid expansion, renewable energy integration, inter-state transmission projects, power demand growth, electrification, and government-led transmission investments.

Conclusion

Power transmission stocks in India are connected to grid expansion, renewable power evacuation, inter-state transmission projects, and demand for electrical infrastructure. However, the sector also carries risks, including project delays, right-of-way issues, raw material price volatility, working capital pressures, and regulatory changes. Investors can use the Tickertape Stock Screener to compare power transmission stocks across factors such as order books, margins, debt, cash flows, valuation and historical performance before making an investment decision.

Advantages of Investing in Battery Stocks in India

EV Demand

As of 2026, India’s electric-car sales had increased 75% year on year to 165,000 units in 2025, strengthening demand for lithium-ion cells, battery packs, thermal-management systems and related components.

Grid Storage

India requires an estimated 41.65 GW of battery energy storage by 2029–30, creating a sizeable demand pipeline beyond automobiles for grid-scale battery companies and project developers.

Policy Support

The ₹18,100 cr ACC battery PLI scheme targets 50 GWh of domestic manufacturing capacity, supporting localisation across cells, materials, pack assembly and equipment supply chains.

Renewable Expansion

India had 283.46 GW of non-fossil capacity by March 2026. Rising solar and wind installations increase demand for batteries that balance intermittent generation and strengthen grid reliability.

Risks of Investing in Battery Shares

Import Dependence

India remains dependent on imports of lithium, cobalt, nickel, and specialised cell components. Currency movements, trade restrictions and geopolitical disruptions can raise production costs and delay supplies.

Technology Shifts

Rapid changes in battery chemistry, including LFP, NMC and sodium-ion technologies, can weaken older product lines and require frequent investment in manufacturing upgrades and research.

Capital Requirements

Battery factories require substantial capital and long commissioning periods. Delayed capacity ramp-ups, weak utilisation, or cost overruns can put pressure on cash flows before projects achieve scale.

Margin Pressure

Falling battery prices support adoption but can compress manufacturer margins. Global competition and surplus cell capacity may limit pricing power for less differentiated domestic producers.

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Factors to Consider Before Investing in Battery Stocks

Business Segment

Revenue exposure varies across lead-acid batteries, lithium-ion cells, battery packs, recycling and energy storage. Each segment follows different demand cycles, margins and technology risks in India.

Material Prices

Raw-material prices influence cell costs and working capital. Lithium, nickel, cobalt, lead, and graphite price movements materially affect battery chemistries and manufacturers differently over time.

Capacity Utilisation

Capacity utilisation indicates whether announced factories generate commercial output. Low utilisation can raise unit costs even when a company reports substantial installed or planned capacity.

Customer Mix

Customer concentration shapes revenue stability because automotive and storage contracts often involve a few large buyers. Contract duration and order visibility influence production planning and earnings variability.

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Frequently Asked Questions on Battery Stocks

What are the leading battery companies in India?
Several battery companies in India operate across the automotive, industrial, and energy storage segments. Exide Industries, Amara Raja Energy and Mobility, HBL Engineering, Eveready Industries and Indo National are prominent listed companies in this sector.
Which is the best battery stock?
The following battery stock list is based on 1-year returns:
Disclaimer: The above list of battery stocks in India is for educational purposes only and should not be considered investment advice.
Why is the battery sector in India gaining investor interest?
Electric vehicle adoption, renewable energy expansion, and growing energy storage requirements are increasing demand for batteries. These trends have brought greater market attention to EV battery stocks and related businesses.
What factors should be considered before investing in battery stocks?
Factors influencing battery stocks in India include financial performance, production capacity, technological capabilities, customer concentration, raw material dependence, policy support, and exposure to automotive or energy storage demand.
How is the Indian government supporting the battery industry?
The government supports domestic manufacturing through measures such as the Advanced Chemistry Cell Production Linked Incentive scheme. These policies aim to expand the ecosystem for each eligible lithium battery company in India and reduce dependence on imports.
What are the risks associated with investing in battery stocks?
Battery businesses face risks from technological change, raw material price volatility, import dependence, competition, regulatory shifts, and capacity underutilisation. These factors can affect EV battery stocks in India and their financial performance.
What is the market outlook for battery stocks in India?
The industry outlook remains linked to electric vehicle adoption, grid-scale storage and renewable energy expansion. These developments may support demand for products supplied by EV battery manufacturers in India, although execution and technology risks remain.

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.