Archive · 2 Jul 2025
Exide Invests in Battery Manufacturing, Reports Strong Revenue
Exide Industries, a big battery maker, put almost ₹1,000 crore into its company Exide Energy Solutions (EESL) last year.
EESL is building a factory in Bengaluru to make lithium-ion batteries.
They've invested a total of ₹3,602 crore so far.
The factory's first part should start producing batteries in the next year.
Exide makes batteries for electric cars, telecom, and energy storage.
Despite challenges, Exide made a lot of money last year, showing they're doing well.
The company is careful with its money, which helps them stay stable.
Exide Industries invested nearly ₹1,000 crore in Exide Energy Solutions in FY25.
Total investment in EESL reached ₹3,602 crore as of April 2025.
EESL is constructing a lithium-ion cell manufacturing facility in Bengaluru.
Commercial production for phase I is expected to start in FY2025-26.
Exide Industries achieved revenue of ₹16,588 crore and profit after tax of ₹1,077 crore in FY2024-25.
- Who
- Exide Industries and its subsidiary Exide Energy Solutions (EESL).
- What
- Exide Industries invested in Exide Energy Solutions (EESL) to manufacture lithium-ion cells.
- When
- Investment occurred in FY25 with commercial production expected in FY2025-26.
- Where
- Bengaluru (facility location) and Prantij, Gujarat (existing facility)
- Why
- To manufacture advanced chemistry battery cells for the EV market and grid-based applications.
- Investment in EESL (FY25)
- ₹1,000 crore
- Total Investment in EESL (April 2025)
- ₹3,602 crore
- Facility Location
- Bengaluru
- EESL Incorporation
- 2022
- FY2024-25 Revenue
- ₹16,588 crore
- FY2024-25 Profit After Tax
- ₹1,077 crore
- MD & CEO
- Avik Roy