Archive · 9 Aug 2025
India's EV Sector: Two Stocks Racing to Supply Batteries
India's electric vehicle (EV) market is booming.
EVs need batteries, and batteries need graphite, which India mostly buys from other countries.
Two Indian companies, Graphite India and Himadri Speciality Chemical, are trying to make graphite and related materials for these batteries.
Graphite India has money and investments, while Himadri is further along, working on making battery parts and teaming up with other companies.
These companies aren't making much money in this area yet, but they're getting ready for the future of EVs.
India's EV sector is growing, fueled by government incentives and changing consumer preferences.
Graphite is crucial for EV batteries, but India relies heavily on imports.
Graphite India has a 31% stake in a company working on EV battery cells and a graphene manufacturing venture.
Himadri Speciality Chemical produces key materials and is developing anode technology for batteries.
Both companies are building foundations for India's battery-grade graphite market.
- Who
- Graphite India and Himadri Speciality Chemical
- What
- Two Indian companies are positioning themselves to be key players in the EV battery market by focusing on battery-grade graphite.
- When
- Ongoing
- Where
- India
- Why
- To capitalize on the growing EV market and reduce reliance on imports.
Graphite India
Himadri Specialty Chemical
Current position
Graphite India
Early strategic actions and financial position.
Himadri Specialty Chemical
Does not manufacture battery-grade graphite.
- Graphite India 1-year share price change
- Up 1.7%
- Himadri Speciality Chemical 1-year share price change
- Down 3.5%
- Graphite India's capacity expansion
- Rs 600 crore (25,000 TPA)
- Himadri's Speciality Carbon Black Capacity Increase
- 1,30,000 MTPA
- Anode material demand projection by 2030
- 8 million tonnes