Exide Industries Ltd has invested ₹500 million in its subsidiary, Exide Energy Solutions, to strengthen its presence in advanced battery manufacturing. The move underscores Exide’s commitment to scaling energy storage solutions, supporting India’s EV ecosystem, and diversifying into next-generation technologies amid rising demand for sustainable power alternatives.
Exide Industries Ltd, one of India’s leading battery manufacturers, announced a fresh investment of ₹500 million into its wholly-owned subsidiary, Exide Energy Solutions Ltd. This strategic infusion is aimed at accelerating growth in advanced battery technologies, particularly lithium-ion solutions, which are critical for electric vehicles (EVs) and renewable energy storage.
The investment highlights Exide’s long-term vision to diversify beyond conventional lead-acid batteries and strengthen its foothold in the evolving energy solutions market. With India’s EV adoption gaining momentum and renewable energy integration expanding, Exide Energy Solutions is expected to play a pivotal role in meeting future demand.
Key Highlights:
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Investment Amount: ₹500 million infused by Exide Industries.
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Subsidiary: Exide Energy Solutions Ltd, focused on advanced battery technologies.
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Strategic Focus: Scaling lithium-ion battery manufacturing for EVs and renewable energy storage.
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Market Impact: Supports India’s transition to sustainable energy and mobility solutions.
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Future Outlook: Positions Exide as a key player in next-generation energy storage.
This move reinforces Exide’s commitment to innovation and sustainability, aligning with India’s broader push toward clean energy and electric mobility.
Sources: Business Standard, Moneycontrol, Economic Times