18 Aug 2026, 03:47 PM 2 min readautoDaily Pulse
Octillion Power Systems Opens New Battery Plant to Boost EV Capacity
The new facility in Halol increases the company's total annual production capacity to over 150,000 battery systems.
[New Manufacturing Facility]:
Octillion Power Systems has officially opened its third electric vehicle battery manufacturing facility in Halol, Gujarat. Spanning over 13,000 square meters, the plant is designed to produce more than 48,000 battery systems annually, contributing over three GWh of energy storage capacity to the domestic market. This expansion is a critical component of India's broader strategy to localize the electric vehicle supply chain.
[Scaling Production Capabilities]:
With this new facility, Octillion’s total production capacity in India is projected to exceed 150,000 battery systems and approximately nine GWh annually. This scale is essential as India's total installed EV production capacity has now surpassed 2 million units per year. The facility will play a vital role in supporting the growing demand for both domestic electric vehicles and the burgeoning export market.
[Export and PLI Impact]:
The growth in manufacturing is mirrored by a surge in exports, with the value of Made-in-India electric car exports increasing 16-fold to $369 million in the first quarter of FY2026-27. Europe has become the primary destination for these vehicles. Supported by the Production-Linked Incentive scheme, companies like Ola Electric, Amara Raja, and Reliance New Energy are also actively localizing cell production, further strengthening India's position as a global EV manufacturing hub.
Pulse Intelligence
Context & ImpactContext & Background
- India's total installed EV production capacity has officially crossed the 2 million units per year mark.
- The government's PLI scheme has been instrumental in attracting investment for battery cell manufacturing.
- Electric vehicle exports from India saw a 16-fold increase in value during the first quarter of FY2026-27.
Key Consequences
- Increased availability of locally manufactured battery systems for Indian EV OEMs.
- Further reduction in the cost of electric vehicles as supply chain localization deepens.
- Strengthened export competitiveness for Indian-made electric vehicles in European markets.
Market & Economic Impact
The expansion of battery manufacturing capacity is a positive signal for EV-focused stocks and component suppliers, indicating long-term sector growth.
The Indus Pulse is committed to accuracy and transparency.