Exide's Bengaluru lithium-ion plant eyes FY25 launch
POWER & RENEWABLE ENERGY

Exide's Bengaluru lithium-ion plant eyes FY25 launch

Exide Industries is making swift progress in the construction of its greenfield lithium-ion cell manufacturing venture in Bengaluru, with the first phase of commercial production anticipated by the close of the next financial year (FY25), according to Subir Chakraborty, the Managing Director and CEO. 

The plant is planned in multiple phases, with a total capacity of 12-gigawatt hours (GWh). The initial phase, constituting 6 GWh, necessitates an investment of approximately Rs 40 billion, while the overall project cost of Rs 60 billion will be financed through internal accruals and bridge loans. 

This move is aimed at securing an early-mover advantage in the thriving electric vehicle market, with nearly 70% of the anticipated lithium-ion battery demand earmarked for automotive applications. The remainder, around 30%, will cater to industrial usage.

In parallel to the Bengaluru plant, Exide's subsidiary, Exide Energy Private Limited (EEPL), is actively involved in lithium-ion endeavours in Gujarat. EEPL produces Nexcharge brand battery modules and packs, with an order book of about Rs 7 billion scheduled for completion within the coming 12 to 15 months. EEPL will eventually merge with Exide Energy Solutions (EESL), which is currently establishing a lithium-ion cell manufacturing project in Karnataka.

Exide's lithium-ion endeavours are further supported by a technical partnership with Chinese firm SVOLT Energy Technology (SVOLT) for the cells project. Despite a minor setback due to anti-dumping duties imposed by Gulf Cooperation Council (GCC) countries, Exide remains committed to exploring alternate markets such as Russia, Europe, and the US, as it accounts for around 8% of its turnover in exports. 

Chakraborty is optimistic about the business outlook, highlighting the rebound from the pandemic phase, resumption of OEM production, increased investments in industrial applications due to infrastructure development, and promising prospects in the international battery market.
Redefine the future of urban mobility! Join us at the Metro Rail Conference 2025 to explore groundbreaking ideas and insights. 👉 Register today!

Exide Industries is making swift progress in the construction of its greenfield lithium-ion cell manufacturing venture in Bengaluru, with the first phase of commercial production anticipated by the close of the next financial year (FY25), according to Subir Chakraborty, the Managing Director and CEO. The plant is planned in multiple phases, with a total capacity of 12-gigawatt hours (GWh). The initial phase, constituting 6 GWh, necessitates an investment of approximately Rs 40 billion, while the overall project cost of Rs 60 billion will be financed through internal accruals and bridge loans. This move is aimed at securing an early-mover advantage in the thriving electric vehicle market, with nearly 70% of the anticipated lithium-ion battery demand earmarked for automotive applications. The remainder, around 30%, will cater to industrial usage.In parallel to the Bengaluru plant, Exide's subsidiary, Exide Energy Private Limited (EEPL), is actively involved in lithium-ion endeavours in Gujarat. EEPL produces Nexcharge brand battery modules and packs, with an order book of about Rs 7 billion scheduled for completion within the coming 12 to 15 months. EEPL will eventually merge with Exide Energy Solutions (EESL), which is currently establishing a lithium-ion cell manufacturing project in Karnataka.Exide's lithium-ion endeavours are further supported by a technical partnership with Chinese firm SVOLT Energy Technology (SVOLT) for the cells project. Despite a minor setback due to anti-dumping duties imposed by Gulf Cooperation Council (GCC) countries, Exide remains committed to exploring alternate markets such as Russia, Europe, and the US, as it accounts for around 8% of its turnover in exports. Chakraborty is optimistic about the business outlook, highlighting the rebound from the pandemic phase, resumption of OEM production, increased investments in industrial applications due to infrastructure development, and promising prospects in the international battery market.

Next Story
Real Estate

Colliers India Transacts 207,000 sq ft office space at Embassy TechVillage

Embassy Office Parks REIT, India’s first listed REIT and the largest office REIT in Asia by area, announced that it has signed an Agreement to Lease (‘ATL’) with global cyber security company Rubrik at Embassy TechVillage in Bengaluru.Colliers, a leading global diversified professional services company, specialising in commercial real estate services, engineering consultancy and investment management facilitated the transaction for Rubrik.Located on Bengaluru’s Outer Ring Road, Embassy TechVillage is one of Embassy REIT’s flagship office parks which offers world-class office spaces, ..

Next Story
Infrastructure Urban

Ensemble Infrastructure India Appoints Suman Saha as Director of Design

Ensemble Infrastructure India Ltd, a leading workplace design and build fit-out company, has appointed Suman Saha as its new Director of Design. With 25 years of experience in the industry, Suman is recognized for his innovative approach and excellence in design leadership.Working closely with the CEO, Suman’s appointment will enhance the company’s design communication across multiple touchpoints, ensuring smooth collaboration between clients, designers, and execution teams for superior project outcomes. Under his guidance, Ensemble will focus on creating workspaces and design labs that em..

Next Story
Products

Ribbon Vanity by Küche7: Fluid Design Meets Everyday Elegance

Küche7, pioneers in luxury stainless steel kitchens, have unveiled the Ribbon Vanity, a graceful creation that transforms bathroom spaces with its soft, flowing design and understated sophistication. Inspired by the fluid form of a ribbon, this vanity combines smooth finishes, clean lines, and gentle curves, offering a timeless aesthetic that seamlessly complements diverse interior styles.Available in a refined blush pink hue, the Ribbon Vanity effortlessly merges functionality with elegance. With thoughtfully designed storage options, it ensures that bathroom essentials are neatly organised ..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000