Exide Industries has infused an additional ₹100 crore into its wholly owned subsidiary, Exide Energy Solutions Ltd. (EESL), to support the development of its greenfield lithium-ion cell manufacturing project in Bengaluru.
The investment has been made through a rights-based equity subscription and is aimed at funding the company’s upcoming lithium-ion battery manufacturing facility. With this latest infusion, Exide’s cumulative investment in EESL has reached ₹4,902.23 crore.
The Bengaluru project will manufacture lithium-ion cells, battery modules, and battery packs, marking a significant step in Exide’s strategy to build an integrated battery manufacturing ecosystem in India. The company is also planning to invest an additional ₹1,400 crore in the first phase of the project during the current financial year.
The facility is expected to play a key role in meeting the growing demand for batteries used in electric vehicles (EVs) and stationary energy storage systems (ESS). By expanding into cell manufacturing, Exide is moving beyond battery pack assembly and strengthening its position in India’s rapidly evolving battery value chain.
The investment comes at a time when India is pushing for greater localisation of advanced battery technologies to reduce dependence on imported lithium-ion cells. While setting up manufacturing capacity is a major milestone, industry experts note that long-term success will depend on achieving high production yields, maintaining consistent product quality, securing approvals from original equipment manufacturers (OEMs), and ensuring reliable commercial-scale production.
Exide’s continued investment in EESL highlights the company’s long-term commitment to supporting India’s transition towards domestic battery manufacturing and advancing the country’s clean energy and electric mobility goals
Electrify your feed! Click here to join our Whatsapp group and to get the latest updates, expert insights, and innovations driving India’s energy storage revolution.
