Exide Industries Aims to Launch Lithium Cell Production by FY'26 End

Exide Industries, a battery maker, plans to start producing lithium-ion batteries by the end of 2026.

Their first product will be cylindrical batteries for electric scooters and motorcycles.

They are talking to big electric scooter companies to become their first customers.

The company has invested a lot of money to build this new factory and expects to make profits similar to their older batteries once it's running at high capacity.

They also mentioned that their sales were a bit slow recently, especially for solar batteries, but they expect things to get better soon.