Exide Industries invested close to ₹1,000 crore in FY 2024–25 into its subsidiary, Exide Energy Solutions Ltd. (EESL), which is setting up a large-scale lithium-ion battery manufacturing facility in Bengaluru. As of April 2025, the company’s total investment in the project has reached ₹3,602 crore. The plant, being developed in two phases, will have a total production capacity of 12 gigawatt-hours upon completion.
Construction is progressing steadily, with Phase 1 expected to commence commercial operations during FY 2025–26, according to Exide’s latest annual report. Established in 2022, EESL aims to produce advanced lithium-ion cells for electric vehicles (EVs) and energy storage systems (ESS). Currently, the company manufactures battery modules and packs at its Prantij, Gujarat facility, serving sectors such as EVs, telecom, and grid storage.
For FY25, Exide Industries reported revenue of ₹16,588 crore, EBITDA of ₹1,893 crore, and a profit after tax of ₹1,077 crore, a slight increase from ₹1,053 crore in the previous year. The company maintained a zero debt-to-equity ratio and continued to generate strong cash flows.
While replacement battery demand in India remained stable, OEM demand from car manufacturers weakened. Sales in the industrial and solar UPS segments held steady, though home UPS demand was subdued. Internationally, Exide’s automotive battery segment performed well, but industrial battery demand declined due to an economic slowdown in parts of Europe.
Exide Industries, headquartered in Kolkata, is a leading Indian multinational with over 70 years of expertise in energy storage solutions. It is one of the country’s largest manufacturers of lead-acid batteries across automotive, industrial, and submarine applications, and is also emerging as a key player in lithium-ion technology.
Exide’s products serve a broad range of applications, including automotive, power backup, renewable energy systems, and other essential sectors. The company is recognized for its strong manufacturing capabilities, advanced R&D infrastructure, and an extensive distribution network spanning India and international markets. With a firm commitment to sustainability and innovation, Exide continues to invest in green energy technologies—particularly next-generation battery solutions for electric vehicles—supporting the transition to a cleaner, more energy-efficient future.