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As India electric vehicle (EV) market continues to expand rapidly, companies are increasingly focusing on recycling and reusing lithium-ion batteries. Ghaziabad-based Maxvolt Energy Industries has acquired 55,000 sq. ft. of land in the Duhai Industrial Area to establish a new manufacturing and recycling plant.
Once operational, the new facility will increase Maxvolt battery production capacity from 72,000 units to 2.25 lakh units. The plant is expected to become operational by December 2025. The company has also introduced a battery take-back and repurposing program to reuse old batteries for solar streetlights, portable electronics, and other applications.
Mukesh Gupta, Co-founder and CMO of Maxvolt Energy, said,“Our goal is to create a complete system that reduces battery waste and enables the reuse of essential raw materials. This will help India move toward a more sustainable economy.”
Gupta added that the growing demand for EVs and government initiatives such as the National Critical Minerals Mission are helping expand battery recycling and production capacity. However, he noted that most lithium battery cells are still imported from China, posing challenges in sourcing raw materials.
The company recorded a revenue of ₹107 crore in the last financial year and is targeting 120–130% growth in FY26. Gupta said Maxvolt is also planning global expansion into the Middle East, Africa, and Europe, where the demand for EVs and batteries is rising sharply.
He emphasized that the new plant will not only reduce battery waste but also support India’s journey toward net-zero emissions and sustainable manufacturing.
