- Batteries are the intrinsic part of any electric vehicle. So, investing in electric vehicle battery stocks has become the top choice of any investor.
- Batteries also play an important role in the cost of any electrical vehicle. It accounts for 40-50% of any electric vehicle cost.
- GOI in the recent budget 2022 has announced a battery swapping policy that is likely to boost the adoption of EV vehicles.
Electric vehicle sector stocks have become everyone’s favorite as huge wealth can be made from them. And knowing the fact that Lithium-ion Battery is the main component of every electric vehicle. Best Electric Vehicle Battery Companies stocks have become the hot choice of investors.
Presently, China is the world’s top producer of lithium-ion cells and thus most EV makers are importing batteries and cells from China. But EV battery companies have now taken a step ahead with the help of government subsidies worth Rs 180 bn to produce Lithium-ion batteries in India.
With the fast emergence of the EV sector in India, EV battery manufacturers have also been boosted. Now investors want to become part of this long-term EV wave by investing in stocks of top EV battery manufacturers of India. But to do it correctly, one must have the right knowledge of EV battery stocks to buy.
Top 6 EV Battery Companies Stocks in India
To know where the right opportunity lies, here we are providing you with the top electric vehicle battery stocks in India.
- Exide Industries
- Amara Raja Batteries
- Tata Chemicals
- Hero MotoCorp
- Maruti Suzuki
- Himadri Speciality Chemical Ltd.
Exide Industries
Established in 1947, Exide Industries is the ace manufacturer of industrial and automotive lead-acid batteries in India. This makes the company, the fourth largest manufacturer of lead-acid batteries in the world.
Considering the boom in the EV sector, the company has also stepped into the production of Lithium-ion batteries. For this, the company has announced a joint venture with Leclanche SA.
Taking advantage of the government PLI scheme, Exide Industries also has plans to set up a Tesla-style Giga factory for the production of Lithium-ion batteries in the future. Soon the company is also setting up its lithium-ion battery assembly factory in Gujrat.
Exide Industries Share Price:
| Metrics | Value |
| Market Cap | 13,286 cr |
| Dividend Yield | 1.28% |
| PE Ratio | 16.40 |
| Share Price | 154 |
Amara Raja Batteries
Amara Raja Batteries is a leading manufacturer of lead-acid batteries for both automotive and industrial use in India. Being a flagship company of Amara Raja Group, its batteries are exported to 32 countries across the planet. In January 2019, the company signed a lithium-ion cell technology transfer agreement with ISRO.
Not only this, but the company has also taken the initiative in the production of Lithium-ion batteries. It has already given out its plans to invest US$ 1 billion in the next 5-7 years. The company will use its major investment in the manufacturing of 10-12 GHW lithium-ion batteries.
Amara Raja Batteries has launched India’s first technology hub to manufacture Lithium-ion cells. Located at the headquarters in Tirupati Andra Pradesh, this technology research hub will become India’s first Lithium-ion manufacturing facility in the next 5 years.
Amara Raja Batteries Share Price:
| Metrics | Value |
| Market Cap | 9,903 Cr |
| Dividend Yield | 1.72% |
| PE Ratio | 15.71 |
| Share Price | 579 |
Tata Chemicals
Tata Chemicals, a subsidiary company of Tata Group has signed an MOU with ISRO for the transfer of Lithium-ion cell technology. The company will soon start with the production of Lithium-ion batteries at its manufacturing plant situated in Dholera, Gujrat.
The company has also started an initiative to recycle Lithium-ion batteries. With strong capabilities in chemistry, the company will recycle used Lithium-ion batteries to recover valuable metals like manganese, nickel, cobalt, and lithium.
Read More- List of all EV industry-related stocks to buy in India 2022
In addition to this, the company has a team of scientists working at the Innovation Centre in Pune on cell designing, manufacturing technologies, and multiple chemistries. Backed up by the renowned Tata Group, it is good to keep a close eye on this stock.
Tata Chemicals Share Price:
| Metrics | Value |
| Market Cap | Rs. 23,934 Cr |
| Dividend Yield | 1.06% |
| PE Ratio | 93.36 |
| Share Price | 940 |
Hero MotoCorp
Hero MotoCorp, the world’s largest two-wheeler manufacturer has launched E-vehicles before as well. The company has signed a Joint venture with Ather Energy for the manufacturing of Lithium-ion batteries. The company has already acquired 34% stacks of Ather Energy. It has also filed many patents regarding the designs and manufacturing of batteries.
Recently, the company has also set up a new electric vehicle plant in Tamil Nadu. Through this, it can manufacture 110,000 EV scooters annually.
Hero MotoCorp Share Price:
| Metrics | Value |
| Market Cap | 48,352 Cr |
| Dividend Yield | 4.41% |
| PE Ratio | 16.57 |
| Share Price | 2,391 |
Maruti Suzuki
India’s largest four-wheeler manufacturer, Maruti Suzuki is a subsidiary of the Japanese automotive manufacturer Suzuki. The company manufactures cars of all segments in India i.e., hatchbacks, sedans, motor utility vehicles, and sport utility vehicles.
The company has signed a joint venture with Toshiba and Denso. In a world where everyone is going after Lithium-ion batteries for electric vehicles. Maruti Suzuki is looking to introduce hybrid cars whose battery has a different chemical composition to that of Lithium-ion.
Being one of the most trusted brands by Indians, Maruti Suzuki’s share is worth keeping an eye on.
Maruti Suzuki Share Price:
| Metrics | Value |
| Market Cap | 2,32,390 Cr |
| Dividend Yield | 0.58% |
| PE Ratio | 52.95 |
| Share Price | 7,705 |
Himadri Speciality Chemical Ltd.
HSCL is indirectly associated with EV battery stocks as it is one of the largest producers of advanced carbon which is used in making anodes for Lithium-ion batteries.
As the pace for electric vehicle adoption is accelerating, the company is also planning to increase its MTPA facility by 20,000 to its ACM factory, which will be used in the manufacturing of Li-ion batteries.
Himadri Speciality Chemical Ltd share price:
| Metrics | Value |
| Market Cap | 2,524 Cr |
| Dividend Yield | 0.25% |
| PE Ratio | 1.41 |
| Share Price | 63.75 |
Note:- We at E-Vehicle Info, do not promote and endorse any stock of the company nor buy any stock. The “Top Electric Vehicle Battery Companies Stocks in India” article is for educational purposes only.