Exide Industries plans to invest Rs 350 crore in capacity expansion in 2014-15. The investment will be mainly to increase the industrial battery making capacity at its existing plants.
The company expects the sale of commercial vehicles to improve with higher economic activities going forward, which should lead to additional demand in the original equipment manufacturer (OEM) market from the second quarter.
Exide Industries might also consider raising the automobile battery capacity in the next fiscal as it expects the industry sentiments to improve.
Exide, at present, has two automobile battery units; one at Hosur in Tamil Nadu; and the other at Haldia in West Bengal.