Exide eyes Rs 20k cr revenue from lead-acid battery biz in 2 yrs
Times of India | 14 May 2025
123 Kolkata: Exide Industries is planning to increase its revenue from lead-acid battery businessto around Rs 20,000 crore over the next couple of years from the current Rs 16,500 crore, with the outlook remaining strong."We are aiming to raise the company's revenue from the lead-acid business to Rs 20,000 crore in the next two to three years," Exide Industries MD & CEO Avik Roy said on Tuesday.At the end of the last financial year, the company's revenue from this business was around Rs 16,500 crore."As we enter FY26, the outlook for the lead-acid business remains positive across most business verticals. I believe that Exide, with its advanced product portfolio, pan-India distribution network and strong brand recall, will continue to benefit from the growth opportunities," Roy said during the company's Q4FY25 earnings call last week.According to the company, domesticauto replacement demand was robust throughout the last financial year, while auto OEM demand, especially in the passenger vehicles segment, didn't see any meaningful uptick in demand. In reserve power, both industrial UPS and solar trade markets witnessed steady growth in demand, but the home-UPS market remained soft, with its demand expected to ramp up in the first quarter of this fiscal year.Exide intends to commercialise the first phase of the lithium-ion cell manufacturing operations in Karnataka this fiscal year. In the first phase, it will set up a 6 gigawatt-hour lithium-ion cell manufacturing unit.So far, Exide has invested around Rs 3,600 crore in its wholly owned subsidiary Exide Energy Solutions (EESL). "We have the board approval to invest an additional Rs 1,200 crore in this financial year," Roy said.