Exide Industries plans to commence 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 discussions with major OEMs for these batteries, with two expected to be initial customers. The first production line will target two-wheeler applications, followed by a prismatic LFP line for stationary applications. Exide’s total equity investment in its subsidiary, Exide Energy, has reached Rs 3,947 crore, including Rs 645 crore infused in FY'26.
Despite softer Q2 sales, Exide anticipates a strong recovery in Q3, with a focus on cost-efficiency and manufacturing upgrades. The company is aiming for 60 pecent utilisation in its initial phase, with expectations to reach 80-90 percent at a steady state.