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Exide Industries to Produce Lithium-Ion Batteries by FY26

Last Update 18 November 2024

Exide Industries plans to begin Lithium-ion Battery production by FY26 to meet the growing demand for EV Batteries and Energy Storage in India. This move aligns with the government’s Make-in-India initiative and aims to reduce import dependence. While Exide’s stock is currently down, analysts see long-term growth potential in the company’s entry into the EV battery market.

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Renewable EnergyLithium-Ion BatteriesEnergy StorageElectric vehicleEinfewsCompany UpdateBattery

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