Exide Expects Rs Four To Five bn Export Boost From European Tie-up

10 Feb 2026 CW Team

Exide Energy Solutions Ltd (EESL), the company's wholly owned subsidiary for lithium-ion batteries, is conducting validation for batteries for two-wheelers and three-wheelers. EESL plans to begin production for two-wheelers by March-April 2026, while batteries for four-wheelers are expected to require another one to two years to reach production readiness. The company is positioning its lithium-ion operations to meet accelerating demand across vehicle segments.

Exide said it is well positioned to cater to demand for both lithium-ion and lead-acid batteries as two-wheeler launches are occurring across electric and internal combustion engine models in roughly equal numbers. The company plans to invest Rs 14 bn in the lithium-ion battery business in FY'27, with Rs five bn allocated in the fourth quarter of the current fiscal, taking total investment in the segment to about Rs 48 bn. It also continues to invest around Rs five bn annually in its existing operations.

Management expects the firm to remain debt free in FY'27, with planned capital expenditure to be funded entirely through internal accruals. The demand outlook was described as robust, with the company targeting high single-digit to double-digit growth. There are plans to leverage trade agreements and partnerships to support export expansion and technology adoption.

Exide projected its topline to reach Rs 200 bn over the next three years and Rs 250 bn by 2030, citing the full benefits of its lithium-ion business. The company indicated it would continue to scale manufacturing and exports to meet these targets.

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Exide Industries expects additional exports of Rs four to five bn from the next fiscal following an exclusive tie-up with a European partner and the anticipated benefits of the India-US trade deal. The company said the partner and the structure of the collaboration were not disclosed and that exports to Europe will primarily be in private label. It expects exports to contribute about eight to nine per cent of overall revenue by the next fiscal, up from around five per cent in FY'26. Exide Energy Solutions Ltd (EESL), the company's wholly owned subsidiary for lithium-ion batteries, is conducting validation for batteries for two-wheelers and three-wheelers. EESL plans to begin production for two-wheelers by March-April 2026, while batteries for four-wheelers are expected to require another one to two years to reach production readiness. The company is positioning its lithium-ion operations to meet accelerating demand across vehicle segments. Exide said it is well positioned to cater to demand for both lithium-ion and lead-acid batteries as two-wheeler launches are occurring across electric and internal combustion engine models in roughly equal numbers. The company plans to invest Rs 14 bn in the lithium-ion battery business in FY'27, with Rs five bn allocated in the fourth quarter of the current fiscal, taking total investment in the segment to about Rs 48 bn. It also continues to invest around Rs five bn annually in its existing operations. Management expects the firm to remain debt free in FY'27, with planned capital expenditure to be funded entirely through internal accruals. The demand outlook was described as robust, with the company targeting high single-digit to double-digit growth. There are plans to leverage trade agreements and partnerships to support export expansion and technology adoption. Exide projected its topline to reach Rs 200 bn over the next three years and Rs 250 bn by 2030, citing the full benefits of its lithium-ion business. The company indicated it would continue to scale manufacturing and exports to meet these targets.

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