Exide Industries Invests ₹80 Crore in Subsidiary to Boost Lithium-Ion Battery Manufacturing

Published: Sep 26, 2025 07:00

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Exide Industries Limited has made an additional investment of ₹80 crore in its wholly-owned subsidiary, Exide Energy Solutions Limited, bringing its total investment in the subsidiary to ₹3,882.23 crore. The fresh capital infusion, carried out through a rights issue, will support the subsidiary’s new lithium-ion battery manufacturing plant in Bengaluru as well as its operational funding requirements. Established in 2022, Exide Energy Solutions focuses on producing lithium-ion battery cells, modules, and packs, catering primarily to India’s electric vehicle and energy storage markets. Although the company’s revenues have fluctuated in recent years and it reported a loss in FY2024-25, the capital injection strengthens its Bengaluru project and advanced battery manufacturing initiatives. This move underscores the rapid growth in India’s lithium battery demand and highlights Exide Industries’ strategic transition from its traditional lead-acid battery business to next-generation battery technologies.

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