List of the Top Battery Stocks in India (2025)

What are Battery Stocks?

Battery stocks represent companies that make, develop, or supply batteries and related energy storage solutions. These companies produce batteries used in electric vehicles, renewable energy storage, consumer electronics, and other products.

About Top Battery Stocks in India

• Exide Industries Ltd: It is a leading manufacturer of lead-acid batteries for automotive, industrial, and submarine uses, known for quality and a broad distribution network.
• Amara Raja Energy & Mobility Ltd: Amara Raja Energy & Mobility Ltd specialises in automotive and industrial battery solutions, a key player in energy storage and mobility solutions in India and abroad.
• HBL Power Systems Ltd: It is a manufacturer of specialised batteries and power electronics for industrial, military, and aerospace applications, with a strong domestic and international presence.
• Eveready Industries India Ltd: Eveready Industries India Ltd is known for dry cell batteries, flashlights, and other electrical products, serving consumer needs across India.
• CLN Energy Ltd: CLN Energy Ltd Focuses on renewable energy solutions, specialising in solar power generation and energy storage, contributing to India’s clean energy transition.

How to Invest in the Best Battery Stocks in India?

Here is how you can invest in the battery stocks:

1. Open a demat/trading/stockbroker account. You can open a demat account with smallcase!
2. Conduct thorough research into the top battery stocks in India using Tickertape Stocks Screener. The screener offers over 200 built-in filters, allowing investors to select parameters and generate a list of battery stocks.
3. Place a ‘Buy’ Order on the top battery sector stocks that align with your investment thesis.

Union Budget 2025-26 Update on Battery Sector in India

• Customs Duty Exemptions on Critical Minerals: Customs duty on critical minerals, including lithium-ion batteries, cobalt, and copper, has been exempted to boost domestic manufacturing, reduce import dependency, and promote the growth of the battery sector in India.
• Policy for Recovery of Critical Minerals: The government will launch a policy for the recovery of critical minerals from mining by-products. This will help strengthen the domestic supply chain for battery manufacturing by tapping into previously underutilised resources.

Advantages of Investing in Battery Stocks in India

• Market Growth: The demand for top lithium battery stocks in India is increasing due to the growth of EVs, renewable energy, and portable devices, presenting potential growth and investment opportunities.
• Shift Towards Green Energy: As renewable energy grows, batteries are needed for energy storage and grid stabilisation, supporting sustainability and clean energy in India. It may affect the performance of EV battery stocks in a positive way.
• Technological Innovation: Major Indian battery companies are advancing energy density, faster charging, and longer lifespan. It can help them increase vehicle battery market share and overall profitability.
• Sustainability Focus: As the world shifts toward sustainability, lithium batteries are becoming increasingly popular for EVs and other renewable energy storage systems. This transition may support the growth of lithium battery stocks.

Risks of Investing in Battery Shares

• Government Policy Changes: The battery sector depends heavily on government incentives like the PLI scheme. Any delay or policy change can affect project timelines and profitability.
• High Raw Material Costs: Key inputs such as lithium, nickel, and cobalt often fluctuate in price. A sudden spike can raise production costs and hurt margins.
• Import Dependence: India still imports most of its lithium-ion cells and raw materials from China. Trade restrictions or higher import duties can disrupt supply and increase costs.
• Technology Upgrades: Battery technology evolves fast. A company investing in older chemistry (like NMC) may lose market share if the market moves toward newer ones (like LFP or solid-state).
• Capital-Intensive Expansion: Building gigafactories or scaling production needs huge investments. Delays in execution or slower-than-expected demand can strain finances.

Factors To Consider When Investing In Battery Stocks in India

• Demand from EV and Energy Storage: Battery demand in India is driven mainly by electric vehicles, renewable energy storage, and electronics. Companies with exposure to these fast-growing areas are better placed for long-term growth.
• Government Support and Incentives: Schemes like the PLI for Advanced Chemistry Cell Manufacturing and FAME II can help reduce costs and improve margins. It’s useful to see which companies are approved beneficiaries or have strong policy alignment.
• Technology Focus: Different companies focus on different battery types: lead-acid, lithium-ion, or solid-state. Understanding which technology they specialise in and its market relevance helps assess sustainability.
• Raw Material Sourcing: Since India imports lithium, nickel, and cobalt, companies with secure supply agreements or local partnerships are better protected from supply shocks.
• Manufacturing Capacity and Expansion Plans: A strong capacity expansion roadmap signals confidence in future demand. Analysing each company’s production capacity is essential to determine whether it has solid expansion plans.