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Posted on  September 22, 2025 under  by Ayush Maurya

Best Vehicle Battery Shares in India 2025: EV Battery

The world is quickly moving toward electric vehicles, and at the heart of this change lies one powerful thing — the battery. Just like petrol once ruled the roads, today, vehicle battery shares are becoming the new buzz in the stock market. Investors are watching them closely because batteries are not just powering cars; they’re powering the future.

If you’ve ever wondered whether buying shares in battery companies is a smart move or just hype, you’re in the right place. This blog will guide you through the best options, factors to consider, and the risks and rewards of investing in EV battery stocks. 

Why Vehicle Battery Shares Are in the Spotlight?

Electric vehicles are no longer a future dream; they are already on our roads and growing fast in India as well as across the world. This massive shift is creating huge demand for batteries, which are the “engine” of an EV. Naturally, this has made vehicle battery shares a hot topic in the stock market. Investors are curious because the growth of EVs directly means growth for battery-making companies.

Several reasons explain why these shares are grabbing attention:

  • Government push: India and many other countries are offering subsidies and policies that support EV adoption.
  • Rising demand: With fuel prices going up and people looking for cleaner options, EV sales are climbing each year.
  • Innovation in technology: Companies are racing to build batteries that last longer, charge faster, and cost less. This constant progress is exciting for both users and investors.

In short, when you hear about EV battery stocks booming, it’s not just hype—it’s because the world is shifting to clean energy, and batteries are at the very centre of it. That’s why more investors are considering vehicle battery shares as a long-term opportunity.

Best Vehicle Battery Shares in 2025

If you’re planning to invest in EV battery shares in 2025, you’ll want to know which companies are leading the market by size and strength. Below is a list of the top battery stocks in India, ranked by market capitalisation, which shows the overall value of a company in the stock market.

Best Vehicle Battery SharesMarket Cap (₹ Cr)
1. Exide Industries Ltd35,232.50
2. HBL Engineering Ltd23,238.64
3. Amara Raja Energy & Mobility Ltd18,660.35
4. Eveready Industries India Ltd3,069.95
5. CLN Energy Ltd599.95

Overview of Top Battery Stocks in India

Some of the country’s most trusted companies are stepping up with strong products, advanced technology, and future-ready plans. Let’s take a closer look at the top names driving this space.

1. Exide Industries Ltd

Exide is one of India’s oldest and most trusted battery makers. With decades of experience in lead-acid batteries, the company is now investing in lithium-ion technology to meet the rising demand for EVs. For investors, vehicle battery shares like Exide offer stability backed by its wide presence across the country.

  • CMP: ₹403.85
  • Market Cap: ₹34,327 Cr
  • PE: 41.50
  • ROCE: 8.57%

Returns: 

1Y Return (%)3Y Return (%)5Y Return (%)
-14.28150.76157.64
Data as of 22/09/25

2. HBL Engineering Ltd

HBL is a diversified engineering company with a strong battery segment. Known for its innovative solutions, the company has been working on specialized batteries used in defense, aviation, and now in clean mobility. Its entry into EV-related projects gives it an edge among upcoming battery stocks.

  • CMP: ₹818.50
  • Market Cap: ₹22,688 Cr
  • PE: 67.70
  • ROCE: 24.90%

Returns: 

1Y Return (%)3Y Return (%)5Y Return (%)
20.9920.9920.99
Data as of 22/09/25

3. Amara Raja Energy & Mobility Ltd

Amara Raja is a household name in the battery business, popular for its Amaron brand. It has taken bold steps into EV battery manufacturing, including plans for large-scale lithium-ion production. Investors often consider EV battery stocks like Amara Raja for their long-term potential in both domestic and global markets.

  • CMP: ₹1,003.80
  • Market Cap: ₹18,372 Cr
  • PE: 23.80
  • ROCE: 16.77%

Returns: 

1Y Return (%)3Y Return (%)5Y Return (%)
-27.0166.1566.15
Data as of 22/09/25

4. Eveready Industries India Ltd

Best known for its dry cell batteries and flashlights, Eveready is working toward diversifying its portfolio. The company’s strong brand recognition makes it a reliable name, and it is gradually exploring opportunities in the EV space to stay future-ready.

  • CMP: ₹418.40
  • Market Cap: ₹3,041 Cr
  • PE: 34.40
  • ROCE: 19.18%

Returns: 

1Y Return (%)3Y Return (%)5Y Return (%)
-6.4126.88203.63
Data as of 22/09/25

5. CLN Energy Ltd

A smaller player compared to industry giants, CLN Energy is gradually making its presence felt in the clean energy and battery sector. While it is still in the growth stage, the company’s focus on energy solutions gives it a place among the emerging names to watch.

  • CMP: ₹571
  • Market Cap: ₹603 Cr
  • PE: 47.50
  • ROCE: 20.58%

Returns: 

1Y Return (%)3Y Return (%)5Y Return (%)
124.67NANA
Data as of 22/09/25

Factors to Consider Before Investing in Battery Stocks

Investing in battery manufacturing company shares may look exciting, but it’s smart to do a little homework before putting your money in. The EV industry is growing, yet not every company will become a winner. Here are some important things to look at:

  • Market Demand & Growth Plans: Check if the company has strong orders or partnerships with automakers. Companies linked to big EV projects often see steady growth in their vehicle battery shares.
  • Technology & Innovation: EV batteries are changing fast. A company investing in lithium-ion or solid-state research is more future-ready than one sticking to old methods.
  • Financial Health: Look at revenues, profits, and debt levels. A strong balance sheet means the company can handle tough times.
  • Government Support: Policies like India’s FAME II scheme play a big role in boosting EV and electric battery stock companies.
  • Competition: See how the company compares with global players. A brand with unique strengths or patents often has a competitive edge.

Should You Invest in Battery Stocks?

The answer depends on your investment goals. Battery companies are in a fast-growing sector, driven by the shift to clean energy and electric vehicles. This means the long-term story looks promising.

On the positive side, demand for EVs is only going up, and that means higher sales for battery makers. Companies like Exide and Amara Raja are already diversifying into modern technologies, which adds confidence for investors. However, risks remain, raw material shortages, high competition, and changing technologies can impact growth.

If you’re a long-term investor who believes in the EV revolution, vehicle battery shares could be a smart pick. But if you want quick profits, these stocks may feel too volatile. The key is to invest carefully, choose companies with strong fundamentals, and hold them with patience.

How to Invest in the Best Battery Stocks in India?

Buying vehicle battery shares or EV battery stocks in India isn’t complicated. With online trading platforms, you can start investing in just a few minutes from your phone or computer. Here’s a simple step-by-step guide to get started:

  1. Open a trading account: Register with a trusted brokerage like Lakshmishree platform Shree Varahi. Complete KYC (Know Your Customer) by submitting your ID and bank details.
  2. Login to your account: Once verified, sign in to your account through the app or website.
  3. Search for battery stocks: Use the search bar to look for companies like Exide Industries, Amara Raja, HBL Engineering, or other battery manufacturing company shares.
  4. Select the stock: Click on the company name to view details such as price chart, fundamentals, and news updates.
  5. Click on the “Buy” option: Enter the quantity of shares you want to purchase.
  6. Confirm and place your order: Review your order, confirm, and your shares will be added to your account.

Challenges Facing EV Battery Stocks

Even though EV battery stocks are attracting investors, the sector faces a few serious challenges that can affect growth and profitability. Here are the key issues to watch out for:

  • Raw Material Shortage: Limited supply of lithium, cobalt, and nickel increases production costs and creates dependency on imports.
  • High Competition: Both global and Indian players are fighting for market share, forcing companies to innovate and cut prices.
  • Technology Shifts: New technologies like solid-state batteries and hydrogen fuel cells may reduce the demand for current battery models.
  • Regulatory Risks: Changes in government policies, subsidies, or import duties can directly impact the profits of battery manufacturing company shares.
  • High R&D Costs: Continuous research is needed to improve battery life, efficiency, and safety, which can strain company finances.

Conclusion

The rise of electric vehicles is creating strong demand for reliable and efficient batteries, making vehicle battery shares an exciting area in the stock market. Companies like Exide, Amara Raja, and HBL are actively shaping India’s battery future, while smaller players are also stepping into the race. Even though electric battery stock investments carry risks such as raw material shortages and tough competition, the long-term growth potential remains attractive. For investors willing to stay patient, this sector offers both opportunity and growth in India’s clean energy journey.

Frequently Asked Questions

  1. Which are the top vehicle battery shares in India right now?

    As of 2025, leading vehicle battery shares in India include Exide Industries Ltd, HBL Engineering Ltd, Amara Raja Energy & Mobility Ltd, Eveready Industries India Ltd and CLN Energy Ltd. These companies represent the backbone of India’s growing vehicle battery and EV battery stocks segment.

  2. Are EV battery stocks a good investment for the long term?

    Yes, EV battery stocks in India are showing strong growth because of government incentives, rising demand for electric vehicles and fresh investments in manufacturing. Companies like Exide and Amara Raja Energy & Mobility are expanding their EV battery business, making them appealing for long-term investors.

  3. What is meant by an electric battery stock in the Indian market?

    An electric battery stock is a share of a listed company that manufactures or supplies batteries for electric vehicles, energy storage and power backup. These stocks are gaining attention in India due to the country’s rapid shift to electric mobility and clean energy solutions.

  4. Which battery-making company shares are performing well currently?

    Battery making company shares such as Exide Industries, HBL Engineering, Amara Raja Energy & Mobility and Eveready Industries are performing well as they invest in technology upgrades, new plants and EV-ready battery solutions. These steps strengthen their position in the battery manufacturing company's shares.

  5. How can I invest in a battery manufacturing company's shares?

    You can invest in battery manufacturing company shares by opening a Demat account with a SEBI-registered broker like Lakshmishree and buying the shares directly on NSE or BSE. Look for companies with strong EV battery growth and consistent track records in battery production.

Disclaimer: This article is intended for educational purposes only. Please note that the data related to the mentioned companies may change over time. The securities referenced are provided as examples and should not be considered as recommendations.
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Written by Ayush Maurya

Ayush is a seasoned financial markets expert with over 3years of experience. He has a passion for breaking down complex financial concepts into simple, digestible terms. Through his 50+ articles, Ayush has helped countless individuals navigate the often intimidating world of finance.

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