Ola Electric is reportedly in talks with global and domestic automakers to supply lithium-ion cells and battery packs. With its Krishnagiri gigafactory planned for major capacity expansion, the company aims to shift from primarily making batteries for its own vehicles to becoming a key supplier for India’s growing EV and energy-storage ecosystem.
Amara Raja is planning to start bulk production of lithium ion EV cells around 2027, as India builds a domestic battery manufacturing ecosystem. With heavy investment from players like Amara Raja and Tata Group’s Agratas, the industry is set to expand for both electric vehicles and energy storage—though EV makers may face a near-term price premium for locally produced cells.
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