Due to the rising demand for lithium in the global market in recent years, EVs, renewable energy storage options, and portable electronics have all seen increases in popularity. Lithium-ion batteries are now a major player in this shift as people look for greener and more sustainable energy sources. This trend is also being followed by India, which is causing interest in lithium stocks to rise. We will examine the present situation, prospects, and difficulties related to lithium stocks in India in this piece.
History of Top Lithium Stocks in India
Silver in color, lithium is a chemical element with the atomic number three and the symbol Li. The battery that powers this metal is long-lasting, and it weighs very little. India wished to establish a lithium battery manufacturing facility because these batteries have the power to propel any nation’s economic growth. However, India must import lithium batteries from China due to the scarcity of lithium in the country. China currently possesses roughly 4.5 million tonnes of lithium.
India dug up Karnataka in search of lithium, but the 16000 tons of lithium that came out were insufficient to produce batteries. However, in 2023, 5.9 million tonnes of lithium were discovered in a region of Jammu and Kashmir, India, making it the second-largest lithium reserve country in the world. and in the top spot in Chile. You might be shocked to hear that, despite only entering the market in 1991, China now accounts for 80% of the global lithium battery market, with sales of over 70 billion dollars.
Who Will Benefit More from the Manufacture of Lithium Batteries in India?
- For the businesses that manufacture electrical vehicles, the production of lithium batteries in India will be extremely profitable.
- such as Tata Power, Mahindra & Mahindra Limited, etc.
- Because of this, the share price of these companies is expected to rise in the upcoming years, making them excellent investments.
Top Lithium Electric Vehicle Battery Manufacturers Company in India:
Exide Industries:
Exide Industries- Lithium Stocks in India
Exide Industries is the top producer of storage batteries in India. It produces batteries for use in automobiles, machinery, and submarines, among other applications. Exide and Leclanche recently inked a Memorandum of Understanding to produce Li-ion batteries for the Indian EV market. By the end of FY 2024, Exide intends to open its lithium-ion battery plant in Gujarat. Among the significant batteries used in electric cars and SUVs are Exide EPIQ, MATRIX, MILEAGE, and EEGY. Exide Industries‘ stock is currently trading at INR 162.70, and over the past year, the company’s share price has increased by 9.4%.
| Company | Exide Industries |
| CEO | Gautam Chatterjee |
| [email protected] | |
| Phone | +91 3323023400 |
| Official Website | https://www.exideindustries.com/ |
| Exide Lithium Stocks in India price ( 2024) | Rs 323.00 |
Amara Raja Batteries:
Amar Raja Batteries- Lithium Stocks in India
Amara Raja, an Indian company based in Tirupathy and well-known for its Amaron automobile battery brand, was founded by Dr. Ramchandra N Galla.
Amara Raja Batteries, one of the leading producers of automotive batteries in India, has established a technological center in Andhra Pradesh to facilitate the production of 10–12 GW Li-ion EV batteries. A few businesses that are associated with Amara Raja Batteries are Ford India, Mahindra & Mahindra Ashok Leyland, etc.
In 2021, the company doubled its net profit to Rs 1.2 billion, with a 6.6% net profit margin. At INR 618.50 as of December 2021, Amara Raja Battery stocks are rising in response to the increasing demand for batteries for electric vehicles.
| Company | Amar Raja Batteries |
| CEO | S Vijayanand |
| [email protected] | |
| Phone | +91 40 2313 9000 |
| Official Website | https://www.amararajaeandm.com/ |
| Amar Raja Lithium Stocks in India price (2024) | Rs 809.65 |
Amperex Technology Ltd:
Amperex Technology Ltd- Lithium Stocks in India
Amperex Technology Ltd., a Hong Kong-based company, is the leading producer of lithium-ion batteries worldwide and is well-known for its extremely sophisticated technology used in the production of lithium-ion cells. The company is based in the Indian state of Haryana. Several large corporations, including Hyundai, Honda, Toyota, and others, collaborate with ATL.
| Company | Amperex Technology Limited. |
| CEO | Zeng Yuqun |
| [email protected] | |
| Phone | +91 400 100 9115 |
| Official Website | Amperex Technology Limited website |
| Current stock price (2024) | 154.90 |
TDSG:
TDSG- Lithium Stocks in India
Situated in Ahmedabad’s Maruti Suzuki Supplier Park, TDSG is well-known for being the country’s first manufacturer of lithium-ion batteries. To produce lithium-ion batteries for electric vehicles, Suzuki Motor Corporation, DENSO Corporation, and TOSHIBA Corporation have partnered together. $180 million has been invested in the project in total.
| Company | TDSG |
| CEO | Ichizo Aoyama |
| [email protected] | |
| Official Website | TDSG Limited |
| Capital (2024) | INR 229330.0 Lacs |
Lucas TVS:
Lucas TVS- Lithium Stocks in India
Situated in Ahmedabad’s Maruti Suzuki Supplier Park, TDSG is well-known for being the country’s first manufacturer of lithium-ion batteries. To produce lithium-ion batteries for electric vehicles, Suzuki Motor Corporation, DENSO Corporation, and TOSHIBA Corporation have partnered together. $180 million has been invested in the project in total.
| Company | Lucas TVS |
| CEO | Arvind Balaji |
| [email protected] | |
| Phone | +91-44-28460063 |
| Official Website | Lucas TVS Website |
| Current stock price (2024) | Not listed in BSE |
HBL Power Systems:
HBL Power Systems- Lithium Stocks in India
HBL NIFE Power Systems Limited was formed by the merger of Hyderabad Batteries Limited (HBL), an Indian battery manufacturer, with Sab Nife Power System. In addition to being well-known for being reasonably priced and environmentally friendly, the company asserts that its batteries are safe, dependable, and have a longer lifespan than those made by other companies.
HBL Power is reportedly the only business in India using cutting-edge lithium-ion battery technology and the second-largest producer of nickel-cadmium batteries worldwide.
HBL’s stock price is currently INR 56.10.
| Company | HBL Power Systems |
| CEO | A J Prasad |
| [email protected] | |
| Phone | 91 011 – 49878906 |
| Official Website | HBL Power Systems |
| Current stock price (2024) | Rs 484.10 |
Manikaran Power Limited:
Manikaran Power Limited- Lithium Stocks in India
Manikaran Power Limited, regarded as one of the biggest power trading and renewable energy companies in India, is currently building the country’s first lithium refinery. The company has invested $300 million to set up this refinery, which is expected to begin operations by 2024.
The company claims on its official website that battery-grade lithium hydroxide will be produced in India using locally sourced reagents and premium spodumene concentrate that is sourced globally.
| Company | Manikaran Power Limited |
| CEO | Navjeet Kalsi |
| [email protected] | |
| Phone | 011 4040 8000 |
| Official Website | Manikaran Power Ltd. Website |
| Capital (2024) | Rs 4000.0 lakhs |
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