Exide Industries xide Industries Ltd is primarily engaged in the manufacturing of storage batteries and allied products in India.
Key Points
Products
The company manufactures batteries for automotive sector like 2 wheeler, 4 wheeler, 3 wheeler, E-rickshaws and H-UPS. It manufactures batteries from 2.5 Ah for 2-wheelers to 260 Ah for Non vehicular. It also manufactures for industrial use from 7 Ah to 3200 Ah for multiple applications and for submarine uses too.
Storage Batteries Segment
The company is the leading storage batteries manufacturer in India with leader in almost all categories in Automotive, Industrial, and submarine sectors.
Lithium-ion foray
The company has forayed into this segment through:
Exide Energy Solutions Limited (ESSL): It is a WOS set-up in FY22 for lithium-ion cell manufacturing with a total project capacity 12 GWh and project cost of Rs.6,000 crore to be completed in 2 phases. It is engaged in manufacturing of advanced chemistry cells (cylindrical, pouch, prismatic). Also engaged in manufacturing, assembly and sale of battery modules and battery packs. Exide Energy Private Limited (EEPL) WoS of company, carrying the business of developing and manufacturing Li-ion based modules and packs with Battery Management System for e-mobility (EV) as well as stationary power application and having its plant at Prantij, Gujarat amalgamated with EESL with effect from Mar'24.
Company invested ~Rs. 75 Cr. (in May'24) in ESSL on rights basis. With this investment, the total investment made by the Company in EESL (including investment made in erstwhile merged subsidiary EEPL) stands to Rs. 2,377.24 Crs. till May'24 . Have a order book of ~Rs 600 - Rs 700 Crs.
Mr. Arun Mittal was appoointed as MD & CEO of EESL in May'24.
Lithium-ion cell manufacturing facility
The company is in the process of setting up a plant for lithium-ion cell production. For which it has collaborated with SVOLT (China), set up a WOS and purchased 80 acres of land at
the Hi-Tech Defense & Aerospace Park Phase 2, Bengaluru. Phase 1 to be completed by 2025.
Distribution Network
Company has a wide distribution network with warehouses and sales offices and 115,000+ direct & indirect dealers across India as of FY24. Exide has 1700+ Exide Care outlets and 300+ SF batteries Power Bay outlets.
Customer Base
The company has almost all 4 wheeler, 3 wheeler and 2 wheeler automotive companies as its customers in India.
Its industrial customers include emerson, ericsson, hitachi, Cipla, General electric, mitsubishi, godrej, BSNL, finolex, BHEL, Tata, NTPC, Indus Towers and others.
Subsidiaries & Associates
Company has 6 subsidiaries and 3 associates.
Collaborations
Company has 5 overseas technical collaborations. It has short/ long term collaborations with Furukawa from Japan; Advanced Battery, East Penn from USA; Moura (Brazil), SVOLT (China).
**Manufacturing Capabilities
Company has 13 plants (10 manufacturing & 3 lead recycling) in India with production capacity of 66 million units p.a. of automotive power, 6.7 billion ah of industrial power and 346 KMT p.a. capacity of 3 Lead Recycling Plants as of FY24. Its plants are located at Ahmednagar, Bawal, Chinchwad, Haridwar, Roorkee, Taloja, Haldia, Hosur, Prantij, Malur, Supa & Shamnagar (Cities in India).
R&D
The company has its R&D centre at Kolkata since 1976.
**Recent Developments
1. The company Launched Absorbent Glass Mat (AGM) batteries, which have higher efficiency for 4Ws in the domestic & international market
2. Extending the punched plate technology to entire range of 2W batteries, for higher quality & efficiency
3. Company designed and introduced specially optimized batteries for solar photovoltaic generation and storage applications
4. Battery energy storage systems (BESS): R&D team developed a costeffective AGM battery storage solution for BESS application
Major Updates
1. EESL(WoS) signs a non-binding MoU with Hyundai Motors and Kia for the strategic cooperation in Indian EV market.
2. Company invested ~Rs 110 Crs. in Chloride Metals Ltd(WoS) on right basisi in Mar'24.
Acquisitions
1. Company accquired 26% in Clean Max Arcadia Pvt. Ltd (a SPV) in Apr'24 for ~Rs.5.34 Cr. for genaeration and supply of solar power at Bawal factory.
KMP
1. Mr. Avik Kumar Roy was appointed as MD & CEO of the company in May'24 after retirement of Mr. Subir Chakraborty.
