India’s battery manufacturing capacity is projected to reach 100 GWh by 2026, up from the current 60 GWh, as the country accelerates localization in energy storage technologies, industry experts announced at the 18th Renewable Energy India Expo and 3rd The Battery Show India, organized by Informa Markets in India in Greater Noida.
The capacity expansion comes as India targets 500 GW of renewable energy and 200 GWh of storage by 2030, with the sector representing a $200-250 billion investment opportunity this decade. The Ministry of Power has approved ₹5,400 crore in Viability Gap Funding for 30 GWh of Battery Energy Storage Systems, expected to attract ₹33,000 crore in investments by 2028.
Nikhil Arora, Director at Encore Systems, said automation efficiencies have crossed 95% with advanced six-axis robotics handling 625Ah, 12kg cells, driving large-scale localization in the energy storage value chain. “Our sodium-based cell technologies, safer, highly recyclable and ideal for grid-scale storage reflect India’s growing self-reliance in clean energy. Collaborations with IIT Roorkee, NIT Hamirpur and local automation partners are accelerating innovation and technology transfer. As storage costs fall from ₹1.77 to ₹1.2 per unit in five years, India is set to achieve cost parity between solar and storage, advancing its journey toward energy independence.”
India’s renewable capacity has surpassed 250 GW in 2025, with the government pushing for broader adoption through schemes like the PM Suryaghar Muft Bijli Yojana targeting 1 crore solar-powered homes.
Ankit Dalmia, Partner at Boston Consulting Group, said new battery chemistries including LFP, sodium-ion and solid-state batteries could cut storage costs by up to 40% by 2030, enabling round-the-clock renewable power. “AI-driven grid management and smart manufacturing are improving reliability and reducing system costs by nearly 20%. The National Green Hydrogen Mission, targeting 5 million tonnes of production annually by 2030, is positioning India to capture about 10% of global green-hydrogen capacity. With the right policy support, manufacturing scale-up and global partnerships, India can become a resilient, low-cost hub for clean energy and battery innovation.”
Several companies are scaling operations to meet demand. Arush Gupta, CEO of OKAYA Power Private Limited, said “OKAYA has powered over 3 million Indian households with its inverter and power backup solutions and is now accelerating its presence in solar and lithium storage. With a new ₹140 crore facility coming up in Neemrana, we’re scaling both lithium and inverter production to meet growing residential demand. Solar is projected to contribute nearly 40% of our business within the next five years, driven by initiatives like the PM Suryaghar Muft Bijli Yojana.”
Inderjit Singh, Founder and Managing Director of INDYGREEN Technologies, said the company aims to expand to over 20 GWh of battery lines and 20 GW of solar PV manufacturing solutions in the next two years. “We provide customized battery solutions across L5, C&I, and utility-scale BESS segments, designed to balance performance, scale, and economics for Indian customers. With over 100 battery assembly lines successfully implemented, we aim to expand multifold in the next two years. Leveraging IoT and AI-driven technologies, we enhance battery safety, thermal management, and lifecycle efficiency while supporting OEMs and Tier 1 suppliers with advanced insulation and fire-safety systems.”
Chetan Srinivasa, Business Development Manager for EV Projects at IPG Photonics India, said “At IPG Photonics, our laser-based manufacturing technologies are at the core of India’s energy transition, enabling reliable, high-performance, and safe battery production the backbone of EV growth and renewable grid stability. Our next-generation YLS AMB Laser series with Dual-Beam Adjustable Mode Beam technology, combined with the HPS D33 High Power Scanner and LDD-700 monitoring system, delivers unmatched precision, zero-defect welding, and 100% quality traceability.”
Acharya Balkrishna, Head of Patanjali, said “At Patanjali, our vision has always been to contribute to the nation’s development and people’s prosperity through Swadeshi solutions be it in health, wellness, or daily essentials. Extending the same philosophy to renewable energy, we are committed to advancing solar and battery technologies that reduce foreign dependence and make clean energy affordable for all. Solar energy, a divine and continuous source, holds the key to meeting India’s growing power needs at minimal cost.”
Kozi Mizuno, COO of Tex Technology, said recent collaboration between the Japanese and Indian governments is accelerating battery innovation. “India holds immense potential to lead the next phase of global energy transformation, especially in the field of battery technology. Our approach is to closely understand the needs of Indian users and recommend the most suitable technologies that enhance grid stability and support the nation’s clean energy goals. Given India’s rapid economic growth and strong policy support, this industry is poised for significant expansion in the next five years.”
Anil Kumar, CEO of Nash Energy, said the company is set to introduce new form factor cells, including prismatic cells, by next year. “The Indian market presents a strong opportunity for domestic manufacturers, particularly with potential government support and duty structures that can help balance price competitiveness with Chinese suppliers. Participating in REI offers us valuable exposure to key clients who integrate our cells into their battery packs.”
Yogesh Mudras, Managing Director of Informa Markets in India, said “India’s clean energy transition is accelerating faster than ever, with renewable capacity surpassing 250 GW in 2025 and a strong pipeline targeting 500 GW by 2030.”