Exide Industries Fuels Growth with Europe Tie-up and Trade Deals
Exide Industries is set to boost exports by Rs 400-500 crore, aided by a European partnership and India-US trade benefits. Focusing on lithium-ion battery expansion, the company plans significant investments, aiming for a Rs 20,000 crore topline in three years and Rs 25,000 crore by 2030.
- Country:
- India
Exide Industries is poised for a significant export boost, anticipating additional revenue of Rs 400-500 crore by aligning with a European partner and leveraging the India-US trade deal, according to Managing Director Avik Roy.
The company is making strategic moves to enhance its global exports under a private label and plans to scale its presence in the forklift and high-end car battery markets across Europe.
Exide Energy Solutions, the subsidiary focusing on lithium-ion batteries, is progressing with validation for two and three-wheeler batteries, with production slated to start by March 2026. With a commitment to staying debt-free, Exide plans substantial investments funded through internal accruals, targeting revenue growth to Rs 25,000 crore by 2030.
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