+
Havells Enters Battery Energy Storage Market With Pixii
POWER & RENEWABLE ENERGY

Havells Enters Battery Energy Storage Market With Pixii

Havells India Limited has entered the battery energy storage systems sector through a strategic collaboration with Norway-based Pixii AS. The partnership will develop, manufacture and sell modular energy storage systems for homes, businesses and industry across India. The tie-up combines Havells' manufacturing capabilities, sales and distribution network with Pixii's energy storage technology to offer reliable and scalable solutions. The collaboration is intended to support India's transition towards cleaner energy.

The companies will follow a phased roadmap that begins with pilot installations to validate commercial opportunities and co-develop an all-in-one energy storage product. Subsequent phases envisage local manufacturing of products in India and tailoring of solutions to domestic customer requirements. The roadmap targets small-scale, commercial and industrial segments and aims to build a long-term battery energy storage ecosystem. Work will focus on modularity and efficiency to meet varied site and load profiles.

Havells reported that quarterly earnings before interest, tax, depreciation and amortisation declined by four point five per cent year-on-year to Rs 7.27 billion (bn). The EBITDA margin stood at 10.8 per cent, down by 90 basis points from 11.7 per cent a year earlier, while the margin remained above analyst expectations. The company's cable business revenue rose by 14 per cent year-on-year and earnings before tax grew by 36 per cent, with an EBIT margin increasing to 14.2 per cent from 11.9 per cent. Shares of Havells India Limited ended at Rs 1,191.50, down by Rs 16.95 or one point four per cent on the BSE.

Havells' renewables head said that the collaboration would bring global innovation to India and combine local market expertise with advanced technology. Pixii's chief executive indicated that India represented an important growth market for energy storage and that the partnership would leverage a trusted local partner to scale solutions. The companies said they would pursue validation, co-development and localisation while leveraging existing sales and service networks. The strategic move positions both firms to address growing demand for flexible and reliable energy storage in India.

Havells India Limited has entered the battery energy storage systems sector through a strategic collaboration with Norway-based Pixii AS. The partnership will develop, manufacture and sell modular energy storage systems for homes, businesses and industry across India. The tie-up combines Havells' manufacturing capabilities, sales and distribution network with Pixii's energy storage technology to offer reliable and scalable solutions. The collaboration is intended to support India's transition towards cleaner energy. The companies will follow a phased roadmap that begins with pilot installations to validate commercial opportunities and co-develop an all-in-one energy storage product. Subsequent phases envisage local manufacturing of products in India and tailoring of solutions to domestic customer requirements. The roadmap targets small-scale, commercial and industrial segments and aims to build a long-term battery energy storage ecosystem. Work will focus on modularity and efficiency to meet varied site and load profiles. Havells reported that quarterly earnings before interest, tax, depreciation and amortisation declined by four point five per cent year-on-year to Rs 7.27 billion (bn). The EBITDA margin stood at 10.8 per cent, down by 90 basis points from 11.7 per cent a year earlier, while the margin remained above analyst expectations. The company's cable business revenue rose by 14 per cent year-on-year and earnings before tax grew by 36 per cent, with an EBIT margin increasing to 14.2 per cent from 11.9 per cent. Shares of Havells India Limited ended at Rs 1,191.50, down by Rs 16.95 or one point four per cent on the BSE. Havells' renewables head said that the collaboration would bring global innovation to India and combine local market expertise with advanced technology. Pixii's chief executive indicated that India represented an important growth market for energy storage and that the partnership would leverage a trusted local partner to scale solutions. The companies said they would pursue validation, co-development and localisation while leveraging existing sales and service networks. The strategic move positions both firms to address growing demand for flexible and reliable energy storage in India.

Related Stories

Gold Stories

Next Story
Equipment

InfraServe Global Launches Five Products at bauma CONEXPO India

InfraServe Global (ISG), part of the Gainwell Group, made its debut at bauma CONEXPO India 2026 with the launch of five products for road maintenance, asphalt applications, concrete pumping and mastic heating.The company unveiled the Etnyre RoadSaver, Etnyre Asphalt Distributor (Black-Topper® Centennial), Etnyre Mastic Kettle and its 50 m³ and 70 m³ concrete pumps at its booth at the India Expo Centre, Greater Noida. The launches support ISG’s strategy of developing equipment in India for domestic as well as international markets.The Etnyre RoadSaver is designed to improve slurry sealing ..

Next Story
Equipment

JEHEL Showcases Hydraulic Material Handling Solutions at bauma 2026

Jaypee Engineering & Hydraulic Equipment Co. Ltd. (JEHEL) showcased its hydraulic material handling equipment portfolio at BAUMA CONEXPO INDIA 2026, held from September 15-18 at the India Expo Centre, Greater Noida.The company participated at Hall H11, Stall K15, alongside sister concern Vishnu Forge Industries Limited (VFIL), which specialises in forged and machined parts and assemblies.Founded in 1995, JEHEL provides hydraulic material handling equipment for sectors including cement, steel and sponge iron, glass, construction, sugar, paper and railways.At the exhibition, the company disp..

Next Story
Equipment

TORSA Machines Targets Rs 5 Bn Revenue in Five Years

TORSA Machines Limited, an Indian manufacturer of crushing and screening equipment, is targeting a Rs 5-billion business over the next five years as it expands its technology portfolio, manufacturing capacity and market presence.The company is showcasing its expanded equipment portfolio at bauma CONEXPO INDIA 2026, being held from September 15-18 at the India Expo Centre in Greater Noida. Its display includes new crushing, screening, shaping and sand-processing solutions alongside its established equipment range.Gopi Krishna More, Managing Director, TORSA Machines, said the five-year target re..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code