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Which EV Battery Tech Have Makers Chosen for India?

Mint New Delhi

|

September 10, 2025

LFP is known for its high durability, safety, and is cheaper. It is used by BYD, Geely, Tata, and Mahindra

- Ayaan Kartik

Five years after talks of electric vehicle (EV) battery manufacturing began in India, makers are finalizing their chemistry choices—a crucial factor for future gigafactories.

According to the companies' disclosures and presentations to suppliers, Reliance Industries and JSW are betting on lithium iron phosphate (LFP) cells, while Tata Agratas, Ola Electric, and Amara Raja are starting with nickel manganese cobalt (NMC) technology.

Exide Industries, which is working with China's Svolt, will do both. Experts said such dual-chemistry factories may soon become the norm.

LFP is known for its high durability, safety, and is relatively cheaper. It is widely used by Chinese firms such as BYD and Geely, and Indian manufacturers such as Tata Motors and Mahindra. NMC chemistry, known for high performance and long range, is used by carmakers such as Hyundai and MG Motor.

The current global favorite—and one towards which India, too, is leaning—is LFP technology.

MEER VERHALEN VAN Mint New Delhi

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BEHIND THE GLOSSY REPORT: THE MAKE BELIEVE ESG WORLD

Recently, the Sebi chairperson made a distinction that should make every company board squirm, Speaking at the “Gatekeepers of Governance’ summit, Tuhin Kanta Pandey separated “compliance” from “governance” in a way that was both elegant and damning.

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Battery PLI may get new spark as rules set to ease

Scheme saw limited success; 50GWh capacity by Dec 2024 goal fell far short

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Why MF vendors haven't grown as fast as MF assets

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New safety, emission rules spell riches for parts firms

Anti-lock brakes? Sound alerts for EVs? Ever-changing emission norms? For India’s nimble auto parts makers, every new regulation to raise safety and lower pollution is opening up business avenues.

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Mint New Delhi

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Smart GDP growth casts shadow over December rate cut

The Reserve Bank of India’s (RBI's) Monetary Policy Committee (MPC) is widely expected to keep the policy rate unchanged on 5 December, even as a sizable minority of economists argues that the space created by softening inflation and moderating nominal growth warrants another rate cut.

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Mint New Delhi

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Early-stage funding climbs back, led by bigger cheques

This year's fundraising average is likely to surpass 2022, with more deals yet to be reported

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Opec+ retains pause on oil supply hikes

The Organization of the Petroleum Exporting Countries and its partners (Opec+) will stick with plans to pause production increases during the first quarter, delegates said, amid growing signs of a surplus in global oil markets.

time to read

1 min

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Gen Alpha will make new rules for their workplace

Gen Alpha will expect hybrid workplaces, Al tools and 4-day weeks— offices unrecognizable to their parents’

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