Exide Powers Up Global Expansion with Innovative Batteries

Exide Industries, a leading manufacturer of storage batteries, is sharpening its focus on product innovation and expanding its global footprint as part of a broader effort to boost export revenues.

Speaking at the company’s 78th Annual General Meeting, Managing Director & CEO Avik Roy highlighted the shift in strategy: “We have introduced several innovative products specifically for export markets—something we’ve never done before.” The move is part of Exide’s plan to diversify geographically and reduce dependency on a limited number of regions.

A key pillar of this growth strategy is Exide’s lithium-ion cell manufacturing facility in Bengaluru. The company has already invested ₹3,700 crore in the project and plans to invest an additional ₹600–700 crore in the current financial year to support Phase I of the six GWh plant. Trial production is expected to commence by the end of FY25.

Looking ahead, Exide will evaluate plant utilization levels before proceeding with Phase II, ensuring future expansion aligns with global demand for advanced battery technologies.

News by Rahul Yelligetti.