Hedhvick Hirav
Hedhvick Hirav is a dedicated EV researcher and editor with over 4 years of experience in India’s growing electric vehicle ecosystem. Their contributions have been recognized in leading sustainability publications and automotive journals.
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Electric vehicle component manufacturers in India are powering the country’s shift to cleaner mobility. In 2025, these companies are not just making batteries or motors, but also supplying parts like controllers, chargers, and cooling systems for electric cars, bikes, buses, and rickshaws. With India targeting 30 percent electric vehicle adoption by 2030 (NITI Aayog), the demand for high-quality components has shot up. This article explains who the top component makers are, what they produce, current industry trends, and how this sector is shaping India’s future.
What Are Electric Vehicle Component Manufacturers?
Electric vehicle component manufacturers are companies that design and make parts used in electric vehicles (EVs). These parts include:
- Batteries (like lithium ion battery packs)
- Electric motors
- Controllers and inverters
- Charging units
- Thermal management systems
- Power electronics
These manufacturers supply carmakers, two wheeler brands, commercial vehicle firms, and even battery swapping networks.
Why Do Electric Vehicle Components Matter in 2025?
In 2025, India’s EV market is growing faster than ever. According to a June 2024 SIAM report (source), EV sales grew by over 100 percent from April 2023 to March 2024. This growth is possible only because local component makers can meet rising needs for quality and volume.
Key reasons component manufacturing matters now:
- Job creation: The Ministry of Heavy Industries estimates over 1 million direct jobs by 2025 through EV supply chains.
- Cost reduction: Local parts lower prices for buyers.
- Energy security: Reduces imports of oil and foreign components.
- Make in India push: Helps India become a global hub for EVs.
Who Are the Top Electric Vehicle Component Manufacturers in India?
Which Indian Companies Lead in Batteries and Motors?
Some of the leading companies in this field are:
| Company Name | Major Products | Key Clients |
|---|---|---|
| Exide Industries | Lithium ion battery packs | Tata Motors, Mahindra |
| Amara Raja Batteries | Battery cells and modules | Hero Electric |
| Lucas TVS | Electric motors & controllers | Ola Electric |
| Tata AutoComp | Battery packs & charging units | Tata Motors |
| Bharat Forge | Power electronics | Ashok Leyland |
Data source: Statista Automotive Industry Report 2024
What About Startups and New Entrants?
India has seen a wave of startups such as:
- Log9 Materials (advanced batteries)
- Ather Energy (motors/controllers)
- Sun Mobility (battery swapping tech)
These firms focus on innovation and sometimes partner with bigger automakers for faster scaling.
Which Components Are Driving Growth in 2025?
What Parts See Highest Demand?
A recent Frost & Sullivan survey highlights these top growing components:
| Component Type | Market Share (2024) | Expected CAGR (2025–30) |
|---|---|---|
| Lithium ion batteries | 44 percent | 22 percent |
| Drive motors | 18 percent | 17 percent |
| Power electronics | 12 percent | 20 percent |
| Chargers | 10 percent | 23 percent |
Source: Frost & Sullivan India EV Market Outlook June 2024
How Are Companies Meeting Industry Challenges?
What Strategies Help Indian Manufacturers Compete?
Indian component makers face competition from China and other Asian countries. To stay ahead:
- They invest in R&D for safer batteries.
- They sign joint ventures with global leaders (like Tata AutoComp with Tellus Power).
- They focus on local sourcing for raw materials.
- They train workers for new skills.
For example, Exide set up a giga-factory in Karnataka to locally assemble battery cells, cutting costs by nearly 15 percent compared to imported packs (Economic Times).
What Are the Pros and Cons of Relying on Indian Components?
What Benefits Do Indian EV Components Offer?
Pros:
- Lower costs due to local production
- Faster delivery times
- Tailoring products to Indian road conditions
- Boosting local jobs
Cons:
- Some technology gaps vs global peers
- Limited access to advanced cell chemistries
- Need more skilled labour
However, government initiatives like PLI (Production Linked Incentive) are helping bridge these gaps (PIB Press Release).
Future Outlook: Where Is the Sector Headed by 2030?
By the end of this decade, experts predict:
- Over Rs.12000 crore investment in EV supply chain by Indian firms (Invest India).
- Over half of all two wheelers sold could be electric.
- Battery production capacity will reach over 50 GWh annually.
Global automakers like Hyundai and MG Motor have started sourcing more parts from Indian suppliers due to improved quality standards.
Real Example: How Localisation Helped an OEM Cut Costs
A popular Indian scooter brand switched from imported battery packs to ones made by an Indian startup. This move reduced their battery costs by almost Rs.9000 per unit while also improving service response time since spares were available locally.
Another case involved an electric bus fleet operator who sourced motors from Coimbatore based SMEs. This helped them save on logistics costs and get quicker after sales support during breakdowns.
Quick Recap: Key Stats & Takeaways
- Over 1 million direct jobs created via EV components sector by end of FY25.
- More than 44 percent market share held by lithium ion batteries among all EV parts.
- Local manufacturing cuts battery pack costs by up to 15 percent versus imports.
- Government’s PLI scheme offers subsidies up to Rs.18000 crore for domestic production.
Indian electric vehicle component manufacturers play a vital role in making greener transport affordable and accessible across the country.
People Also Ask
Q1: Who are top electric vehicle component manufacturers in India?
A: Leading names include Exide Industries, Amara Raja Batteries, Lucas TVS, Tata AutoComp Systems, Bharat Forge, along with startups like Log9 Materials.
Q2: What parts do these manufacturers supply?
A: They make batteries, drive motors, power controllers/inverters, chargers, thermal management systems, wiring harnesses etc.
Q3: Why is localisation important for Indian EV makers?
A: Local sourcing lowers costs by up to fifteen percent and ensures faster deliveries plus better support for buyers.
Q4: Does government support local EV part makers?
A: Yes—through PLI schemes offering subsidies plus tax benefits for investing in advanced tech production lines.
Q5: Can small businesses enter this market?
A: Absolutely! Many tier two suppliers make wiring harnesses or plastic moulded parts for bigger brands; training programs help them upgrade skills too.
Q6: Where can I find more about policies or approved suppliers?
A: Visit official portals like FAME India Scheme or SIAM Industry Statistics.
Ready to explore which Indian electric vehicle component manufacturers can boost your business or supply chain? Compare your options today—and reach out directly to leading suppliers or industry forums for personalised advice!
