India’s electrical automobile market is on the rise, resulting in an rising demand for superior EV batteries. This text offers an outline of the highest 10 EV battery corporations listed on the Indian inventory market in 2025. We study the elements fueling their progress, the most recent developments in battery expertise, and the potential for funding on this quickly increasing sector. Uncover which corporations are on the forefront of powering India’s electrical future.
High 10 EV Battery Firm Shares in India
Batteries are essential to the price of electrical autos, constituting almost 40-50% of their complete expense. As they characterize a core element of electrical autos, battery producers and suppliers play an important function within the trade. Consequently, investing in shares of electrical automobile battery manufacturing corporations is a pretty choice for buyers.
This text highlights the High 10 Electrical Car Battery Firm Shares in India for 2025.
Among the main producers embody Exide Industries, Amara Raja Batteries Ltd, HBL Energy Methods, Bharat Electronics, Tata Chemical substances, and Himadri Speciality Chemical substances. Different notable gamers are Hero MotoCorp and Maruti Suzuki.
Let’s take a better take a look at these corporations:
Exide Industries
Based in 1947, Exide Industries is the most important producer of business and automotive lead-acid batteries in India. The corporate is investing in EV battery expertise by way of its subsidiary, Exide Power Options Restricted (EESL), and is establishing a lithium-ion battery manufacturing facility in Bengaluru to provide battery cells, modules, and packs for electrical autos. Exide serves numerous sectors and has constructed a robust legacy over time, with a market cap of ₹30,745 Cr, a dividend yield of 0.55%, a PE ratio of 38.77, and a share value of ₹360.55.
Amara Raja Power & Mobility Ltd
Previously often known as Amara Raja Batteries, Amara Raja Power & Mobility Ltd is a serious producer of lead-acid batteries in India. The corporate has expanded into lithium-ion battery expertise and established a producing facility in Telangana. It produces batteries for each automotive and industrial functions, with a market cap of ₹17,362 Cr, a dividend yield of 1.04%, a PE ratio of 17.14, and a share value of ₹947.95.
Bharat Electronics
Bharat Electronics Restricted (BEL), primarily based in Bangalore, is a number one public sector firm specializing in superior electronics. The corporate has lately ventured into electrical automobile battery manufacturing, leveraging its superior expertise and experience. BEL is actively producing lithium-ion batteries and administration programs for numerous sorts of electrical autos. Its market cap is ₹1,81,685 Cr, with a dividend yield of 0.89%, a PE ratio of 36.39, and a share value of ₹244.60.
Hero MotoCorp
As one in every of India’s largest two-wheeler producers, Hero MotoCorp is actively concerned within the growth and manufacturing of EV batteries. Though it doesn’t have an in-house battery cell manufacturing facility, the corporate has fashioned partnerships and invested in different corporations to strengthen its place within the electrical automobile battery sector. Hero MotoCorp holds a 34% stake in Ather Power and has partnered with Gogoro for a battery-swapping community. The corporate has a market cap of ₹77,535 Cr, a dividend yield of three.61%, a PE ratio of 18.67, and a share value of ₹3840.50.
Maruti Suzuki
Maruti Suzuki, a subsidiary of Japanese automotive producer Suzuki, is likely one of the largest four-wheeler producers in India. The corporate has established its personal EV battery manufacturing facility in Gujarat, in collaboration with its mother or father firm. It has additionally entered right into a three way partnership with Toshiba and Denso, often known as TDSG, to reinforce native battery manufacturing. Maruti Suzuki’s market cap is ₹4,01,134 Cr, with a dividend yield of 0.98%, a PE ratio of 27.59, and a share value of ₹12,786.20.
HBL Energy Methods Ltd
HBL Energy Methods Ltd focuses on designing and manufacturing batteries and energy electronics and operates in each home and worldwide markets. The corporate produces batteries for numerous functions, together with industrial, navy, and aerospace. It has a market cap of ₹13,244 Cr, a dividend yield of 0.10%, a PE ratio of 42.25, and a share value of ₹457.30.
Tata Chemical substances
A part of the Tata Group, Tata Chemical substances is thought for its battery manufacturing and has a rising give attention to electrical mobility and EV battery manufacturing. The corporate is concerned in battery design and manufacturing applied sciences and can also be engaged on recycling used lithium-ion batteries. Tata Chemical substances has a market cap of ₹21,779 Cr, a dividend yield of 1.76%, a PE ratio of -38.97, and a share value of ₹856.60.
Himadri Speciality Chemical Ltd
Though Himadri Speciality Chemical Ltd doesn’t manufacture batteries straight, the corporate produces superior carbon for lithium-ion battery anodes, making it an oblique participant within the EV battery market. It’s a main producer of superior carbon in India, with a market cap of ₹20,621 Cr, a dividend yield of 0.12%, a PE ratio of 40.01, and a share value of ₹414.65.
Kabra Extrusion Technic Restricted
Kabra Extrusion Technic Restricted, producing electrical batteries underneath the model title “Battrixx,” is likely one of the main EV battery producers in India. Initially a plastic extrusion firm, it has shifted its focus to electrical automobile battery manufacturing. The corporate has a market cap of ₹1,276 Cr, a dividend yield of 0.82%, a PE ratio of 31.61, and a share value of ₹356.25.
Uno Minda
Uno Minda is a distinguished participant within the electrical automobile battery manufacturing phase, producing batteries and different parts for numerous sorts of electrical autos. The corporate has its personal EV battery manufacturing facility and a three way partnership with FRIWO AG Germany in Haryana, boosting its presence on this sector. Uno Minda has a market cap of ₹51,227 Cr, a dividend yield of 0.22%, a PE ratio of 53.04, and a share value of ₹865.40.
Ultimate Ideas
In abstract, the highest 10 electrical automobile battery firm shares in India for 2025 embody Exide Industries, Amara Raja Batteries Ltd, HBL Energy Methods, Bharat Electronics, Tata Chemical substances, Himadri Speciality Chemical Ltd, and others. These producers are pivotal within the nation’s shift towards electrical mobility, shaping the way forward for battery expertise and EV battery manufacturing. This presents promising progress alternatives for buyers in a quickly evolving trade.
Disclaimer: This text is for academic functions solely and doesn’t represent monetary recommendation. All data is predicated on publicly out there information. Investing within the inventory market carries inherent dangers, and readers are inspired to conduct their very own analysis earlier than making any funding choices.
