₹3,947 Cr. Bet: Exide Accelerates into Lithium-Ion Production

Exide Industries plans to begin production at its lithium-ion cell facility by the end of FY’26, focusing on NCM-based cylindrical cells for two-wheelers.

The company is in advanced talks with major OEMs, with two expected to be the initial customers. The first production line will cater to two-wheeler applications, followed by a prismatic LFP line designed for stationary energy storage. Exide’s total equity investment in its subsidiary, Exide Energy, has reached ₹3,947 crore, including ₹645 crore infused in FY’26.

Despite softer sales in Q2, Exide expects a strong recovery in Q3, driven by cost-efficiency measures and manufacturing upgrades. The facility is targeting 60% utilisation in its initial phase, with plans to reach 80–90% at steady state.

News by Rahul Yelligetti.