Exide Industries has invested ₹750 million in Exide Energy Solutions, its wholly owned subsidiary. The strategic funding will accelerate development of advanced lithium-ion battery manufacturing in Bengaluru, targeting the rapidly expanding electric vehicle and energy storage market in India.
Exide Industries, a leader in Indian battery technology, has committed ₹750 million to its subsidiary, Exide Energy Solutions Limited (EESL), by subscribing to fresh equity shares. This infusion supports a flagship greenfield project in Bengaluru dedicated to producing lithium-ion cells, modules, and battery packs for electric vehicles as well as stationary applications.
EESL’s expansion is designed to capture growing demand for EV and renewable energy storage. The investment enables advanced chemistry manufacturing—cylindrical, pouch, and prismatic form factors—helping Exide stake its claim in India's future energy landscape. Management affirms that the investment was executed at arm’s length and no additional promoter interests are involved.
Industry observers anticipate the new facility will power both two-wheeler and stationary energy solutions, with Exide’s total investment in EESL rising to nearly ₹3,947 crore after recent rounds, boosting the brand’s innovation edge in a dynamic sector.
Key Highlights:
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Exide Industries invests ₹750 million in Exide Energy Solutions Limited.
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Funding earmarked for Bengaluru-based lithium-ion cell manufacturing expansion.
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EESL focuses on advanced battery technologies for EVs and renewable energy storage.
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No change in promoter shareholding; transaction executed transparently.
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Total Exide investment in EESL nears ₹3,947 crore, reinforcing market leadership.
Sources : MarkLines, Angel One, PV Magazine India, Economic Times, ScanX Trade News.