Uttar Pradesh has received a major investment in electric-vehicle and energy-storage manufacturing, with Maxvolt Energy Industries beginning work on a ₹700 crore battery manufacturing facility in Aligarh. The project, marked by a Bhoomi Pujan ceremony on September 23, 2026, is planned across nearly six acres and will be developed in two phases, each adding 5 GWh of annual manufacturing capacity.
The Aligarh facility is designed to produce battery solutions for electric mobility, energy storage, telecom and power-backup applications. It will also mark Maxvolt Energy’s entry into four-wheeler electric-vehicle batteries, expanding beyond its existing two-wheeler and three-wheeler battery business. At full planned capacity, the new facility is expected to add 10 GWh annually, taking the company’s planned manufacturing capacity across Aligarh and its operational Duhai facility to 12.5 GWh.
Key takeaways
- Maxvolt Energy is investing ₹700 crore in a new battery manufacturing facility in Aligarh.
- The Aligarh plant is planned to reach 10 GWh of annual capacity in two 5 GWh phases.
- Maxvolt’s combined planned capacity with its Duhai facility will reach 12.5 GWh annually.
- The company plans to enter the four-wheeler EV battery market.
- The plant will serve electric mobility, energy storage, telecom, power backup and OEM customers.
- Battery solutions ranging from 1 kW to 5 MW are planned.
- The facility will have dedicated OEM production lines and battery-management-system capabilities for different charging applications.
- Maxvolt expects 1,500–2,000 direct jobs and 7,500–10,000 indirect employment opportunities, according to company and government statements.
- The plant has a stated full-capacity annual turnover potential of more than ₹6,800 crore.
- Uttar Pradesh’s EV policy explicitly promotes domestic manufacturing of EVs, batteries and related components.
Maxvolt Energy begins ₹700 crore Aligarh project
The new project represents a significant expansion for Maxvolt Energy, a battery manufacturer that operates from Uttar Pradesh.
The company has started development of the facility on approximately six acres, or around 23,576 square metres, in Aligarh. The foundation ceremony formally moved the project from an investment announcement into the development phase.
Maxvolt plans to build the facility in two stages.
Each phase is designed to provide 5 GWh of annual manufacturing capacity. Once both phases are completed, the Aligarh site is expected to have a total planned capacity of 10 GWh per year.
The company currently operates a manufacturing facility at Duhai in Ghaziabad. Combining that existing operation with the Aligarh project would take Maxvolt’s planned manufacturing footprint to 12.5 GWh annually.
It is important to distinguish between planned capacity and current production. The 10 GWh figure represents the intended capacity of the Aligarh facility after the planned phases are completed; it is not current operating output.
What will the Aligarh battery plant manufacture?
The facility is being designed as a multi-application battery manufacturing platform rather than a plant dedicated exclusively to passenger EVs.
Maxvolt says the site will produce battery solutions ranging from 1 kW to 5 MW.
The planned applications include:
| Application | Planned role |
|---|---|
| Electric two-wheelers | Battery packs |
| Electric three-wheelers | Battery packs |
| Electric four-wheelers | New product segment for Maxvolt |
| Energy storage | Stationary battery systems |
| Telecom | Backup and power applications |
| Power backup | Industrial and other backup requirements |
| OEMs | Customer-specific battery production |
The company also plans dedicated production lines for original equipment manufacturers.
That allows battery packs to be designed and produced according to individual customer specifications instead of relying exclusively on standardised products.
For Maxvolt, this could broaden the addressable market beyond its own battery-pack portfolio.
Four-wheeler EV batteries are the next major expansion
One of the most important changes associated with the Aligarh project is Maxvolt’s planned entry into the four-wheeler EV battery market.
The company already has a presence in batteries for electric two-wheelers and three-wheelers.
Moving into four-wheelers is strategically different because passenger EV batteries generally involve larger packs, higher energy requirements, more demanding thermal and safety considerations and greater OEM integration requirements.
The dedicated OEM lines planned at Aligarh could help Maxvolt target vehicle manufacturers looking for customised battery solutions.
The company has not disclosed specific four-wheeler OEM customers for the new facility, so the project should not be interpreted as confirmation of a supply agreement with a particular automaker.
Instead, the plant is being built to create the manufacturing capability required to pursue that segment.
Battery-management systems will be central to the facility
The plant will also incorporate battery-management-system, or BMS, capabilities.
A BMS monitors and manages important battery parameters such as voltage, temperature, charging and discharging conditions and cell balancing.
This becomes particularly important as batteries are used across different applications.
A battery designed for a small electric vehicle has very different requirements from a multi-megawatt stationary energy-storage system.
Maxvolt says its Aligarh facility will support BMS capabilities for conventional charging as well as L3 and L5 fast-charging applications.
The company’s approach is therefore to build a manufacturing platform capable of serving multiple battery requirements rather than concentrating the new investment on one vehicle category.
The plant’s ₹6,800 crore turnover potential
Maxvolt has estimated that the Aligarh facility could generate more than ₹6,800 crore in annual turnover at full capacity.
That figure needs to be viewed as a company projection rather than current revenue.
It assumes the facility reaches its planned production scale and that the resulting battery output is sold into its target markets.
The relationship between the ₹700 crore investment and the ₹6,800 crore potential turnover also highlights why battery manufacturing can attract substantial capital.
The factory is not simply a building for assembling batteries. It requires production equipment, testing systems, BMS capabilities, quality-control infrastructure, supply-chain arrangements and specialised manufacturing lines.
The company is effectively building capacity for several markets simultaneously.
Employment could extend beyond the factory
The project is expected to create between 1,500 and 2,000 direct jobs, according to statements from Maxvolt and Uttar Pradesh authorities.
The wider employment impact is estimated at another 7,500 to 10,000 indirect opportunities.
These indirect opportunities could emerge across logistics, engineering, maintenance, component supply, quality control, warehousing and other supporting activities.
Such multiplier effects are particularly relevant to state governments trying to develop manufacturing clusters.
A battery factory creates demand not only for workers inside the plant but also for companies and service providers operating around it.
That is why Uttar Pradesh officials have described projects such as the Aligarh facility as potential building blocks for a broader EV and energy-storage ecosystem.
Why Aligarh matters to Uttar Pradesh’s EV strategy
The investment fits directly into Uttar Pradesh’s broader electric-vehicle manufacturing strategy.
The state’s Electric Vehicle Manufacturing and Mobility Policy, 2022 aims to attract investment across EVs, batteries and related components while building infrastructure for electric mobility.
The policy identifies battery manufacturing as one of the areas eligible for manufacturing incentives.
Under the policy, a “Mega EV battery project” requires an investment of at least ₹300 crore and can qualify for a capital subsidy of up to 20% of eligible investment, subject to the policy’s limits and conditions.
The policy separately provides larger incentives for ultra-mega battery projects, which require investment of at least ₹1,500 crore and minimum capacity of 1 GWh.
The ₹700 crore Maxvolt project therefore falls above the stated investment threshold for the state’s Mega EV battery project category, although the existence of a qualifying project does not by itself establish that the company will receive a particular subsidy.
The exact incentive eligibility and amount would depend on applicable rules, approvals and eligible investment.
UP wants more than vehicle assembly
The broader policy objective is not simply to attract EV vehicle assembly plants.
Uttar Pradesh’s investment agency identifies battery-management systems, electric motors, power-control units, onboard chargers, vehicle-control units, traction battery packs and regenerative-braking systems among the EV component opportunities targeted by the state.
Battery manufacturing is particularly important because batteries account for a substantial portion of an EV’s value and determine important characteristics such as range, charging performance and cost.
Building more domestic battery capacity can therefore strengthen the supply chain around EV manufacturers.
It can also create opportunities for component suppliers, testing companies, logistics providers and recycling businesses.
Maxvolt is building beyond EVs
Although the Aligarh project is being announced amid India’s EV expansion, electric vehicles are only one part of Maxvolt’s intended market.
The company is also targeting stationary energy storage, telecom infrastructure and power backup.
That diversification matters because battery demand does not depend exclusively on EV sales.
Renewable-energy projects increasingly require storage to balance generation and demand. Telecom networks require reliable backup power. Commercial and industrial users also need energy-storage solutions for resilience and power management.
By addressing these markets alongside electric mobility, Maxvolt is attempting to reduce dependence on a single source of battery demand.
The company’s CEO, Satendra Shukla, has described the strategy as responding to demand from multiple sectors, including e-rickshaws, solar installers, telecom operators, hospitals and households.
Existing network gives Maxvolt a distribution base
Maxvolt says it currently serves more than 950 dealers across 22 states, covering more than 1,300 pincodes, and works with more than 30 OEM partners.
That existing network could become important as the company increases manufacturing capacity.
A manufacturing plant can create supply, but the commercial value depends on whether that output can be sold consistently.
The dealer and OEM network provides Maxvolt with established routes to market while the new facility expands its ability to serve larger customers and new applications.
The company has also highlighted its work with institutions including IIT Roorkee, IIT Delhi and the Advanced Research and Technology Institute, or ARCI, in areas related to battery and BMS development.
Safety and testing will become increasingly important
Battery manufacturing at larger scale brings greater attention to safety.
Maxvolt says its battery packs are manufactured and tested in accordance with AIS 156 requirements, an Indian automotive-industry standard covering safety requirements for traction batteries used in certain electric vehicles.
The company also says its quality-management system is certified to ISO 9001:2015.
These certifications and testing requirements are important as battery companies move into higher-volume and higher-energy applications.
For four-wheeler EV batteries in particular, safety, thermal management, durability and integration with vehicle systems become increasingly demanding.
The Aligarh facility’s planned testing and BMS capabilities will therefore be important to its ability to serve OEM customers.
The project also supports India’s battery localisation push
India’s EV market has created a growing requirement for domestic battery manufacturing.
Battery cells and battery packs sit at the centre of the EV supply chain, and increasing local manufacturing can potentially reduce dependence on imported finished battery systems and strengthen domestic engineering capabilities.
However, battery-pack manufacturing is not the same as manufacturing battery cells.
The Aligarh project is primarily described as a battery-pack manufacturing facility, rather than a gigafactory producing lithium-ion cells from raw materials.
That distinction is important.
Cell manufacturing requires a different and generally more capital-intensive industrial setup involving electrode manufacturing, cell assembly and formation processes.
Maxvolt’s project instead focuses on assembling and manufacturing battery solutions for different end applications, with BMS and OEM-specific production capabilities.
Recycling could become the next link in the chain
Maxvolt is also developing a battery-recycling business through its ReEarth subsidiary.
The company has said the recycling arm aims to recover as many as 500,000 batteries annually by 2030, supported by a planned network of collection centres.
If developed successfully, the combination of battery manufacturing and recycling could give Maxvolt a more integrated position in the battery lifecycle.
The long-term battery ecosystem requires more than production.
Used batteries eventually have to be collected, tested, reused where possible and recycled to recover valuable materials.
Building those capabilities alongside manufacturing could help reduce waste and improve material recovery as India’s installed battery base grows.
A new industrial opportunity for Aligarh
For Aligarh, the investment has significance beyond the battery industry.
The district is traditionally associated with hardware manufacturing and other industrial activities. A large clean-energy manufacturing project adds a new technology-oriented dimension to the local industrial base.
If the planned employment and supplier activity materialise, the project could generate demand for skilled technicians, engineers, logistics workers and supporting service providers.
It could also encourage other component manufacturers to locate closer to the facility.
That is the industrial-cluster effect that state governments typically seek when offering manufacturing incentives.
One factory alone does not create a complete EV ecosystem. But a large anchor facility can help attract suppliers and customers around it.
What the investment means for India’s EV supply chain
The Aligarh plant is significant because it illustrates how India’s EV manufacturing opportunity is spreading beyond vehicle brands.
An EV ecosystem needs batteries, motors, electronics, chargers, software, thermal-management systems, testing infrastructure and recycling.
Battery manufacturing is one of the most strategically important pieces of that chain.
Maxvolt’s investment adds planned capacity at a time when Indian companies are looking for ways to localise more parts of the electric-mobility supply chain.
The project also reflects a broader shift from simply selling battery packs toward building manufacturing platforms capable of serving multiple sectors.
What to watch next
The most important milestone will be the commissioning of the first phase.
Maxvolt has said the project will be developed in two stages, with each phase adding 5 GWh of annual capacity. The company’s own announcement indicates that the first phase is targeted for completion within roughly 18–24 months.
The next milestones will therefore be construction progress, equipment installation, trial production and commercial shipments.
Another key development will be the identity of four-wheeler OEM customers.
The new plant’s dedicated OEM lines create the capability to serve vehicle manufacturers, but actual customer contracts and production volumes will determine how much of that capacity is commercially utilised.
Finally, investors and policymakers will watch whether the projected ₹6,800 crore annual turnover and employment numbers translate into actual economic activity once the facility reaches scale.
The Bigger Picture
Maxvolt Energy’s ₹700 crore Aligarh investment is a manufacturing-capacity bet on India’s transition toward electric mobility and broader energy storage. The facility is planned to add 10 GWh of annual capacity, expand the company’s product range into four-wheeler EV batteries and serve markets beyond automobiles.
For Uttar Pradesh, the project supports the state’s strategy of building a deeper EV supply chain rather than relying only on vehicle assembly. The larger opportunity lies in the network that can develop around the factory—OEM customers, component suppliers, logistics companies, engineers, testing facilities and eventually battery-recycling operations.
The project should nevertheless be viewed as a planned expansion rather than an already operational 10 GWh factory. Its eventual economic impact will depend on how quickly construction progresses, when the two phases become operational and how effectively Maxvolt converts the new capacity into customer orders.
Looking Ahead
The first phase of the Aligarh project will be the immediate test of Maxvolt’s expansion strategy. If the company executes on its construction timeline and secures sufficient OEM and energy-storage demand, the facility could become a significant battery-pack manufacturing base in northern India.
For Uttar Pradesh, the investment adds another building block to its EV manufacturing ambitions. The state’s ability to attract suppliers, battery technology companies, charging businesses and recycling operators around projects such as Aligarh will determine whether individual factories develop into a genuinely integrated electric-mobility ecosystem.
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