Batteries, powering essentials from devices to EVs, are crucial for India's energy goals. With the battery market expected to reach $15.65 billion by 2029, explore top stocks driving innovation and growth.
India’s battery market is driven by EV adoption, renewable energy storage, and electronics demand. Government initiatives like PLI schemes are boosting domestic manufacturing, expected to hit $15.65 billion by 2029.
Slide 3: Exide Industries Market Cap: ₹39,597.25 Crore Exide Industries, headquartered in Kolkata, is India’s largest battery manufacturer. Renowned for automotive and industrial batteries, its investment in lithium-ion technology reinforces its industry leadership. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹23,994.63 Crore Amara Raja, based in Andhra Pradesh, pioneers lead-acid batteries and advanced lithium-ion solutions. Known for its Amaron brand, it plays a critical role in India’s EV and renewable energy sectors. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹18,682.94 Crore Hyderabad-based HBL Power specializes in industrial and defense batteries. Its innovative battery designs serve sectors like aviation and railways, fostering energy independence. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹2,771.20 Crore Iconic for its "Give Me Red" tagline, Eveready Industries, headquartered in Kolkata, dominates the consumer battery market with products like alkaline and rechargeable batteries. Data as of 10th December 2024. Source – NSE.
Market Cap: ₹421.50 Crore Chennai-based Indo National, popularly known for its Nippo brand, caters to consumer battery needs while venturing into energy-efficient lighting solutions. Data as of 10th December 2024. Source – NSE.
– Batteries are pivotal to India's EV and renewable energy transition. – Key players like Exide and Amara Raja lead innovations in energy storage. – Backed by government initiatives, the Indian battery market is set for exponential growth.