+
Exide Sees Rs Four to Five bn Export Boost After Europe Tie-Up
ECONOMY & POLICY

Exide Sees Rs Four to Five bn Export Boost After Europe Tie-Up

Exide Industries expects additional exports of Rs four to five bn from the next fiscal as an exclusive tie-up with a European partner and the India-US trade deal support expansion. The managing director and chief executive said the arrangement is part of a global exports strategy and the partner was not disclosed. The firm intends to target Europe with private-label sales in forklift, material handling and high-end car segments.

The company expects the India-US and India-EU trade agreements to raise exports to about eight to nine per cent of revenue by the next fiscal. Exports fell to around five per cent in FY26 owing to geopolitical headwinds. Exide said it is positioned to meet demand across lead-acid and lithium-ion technologies as two-wheeler launches include both electric and internal combustion models.

The wholly owned subsidiary Exide Energy Solutions Ltd (EESL) is validating batteries for two-wheelers and three-wheelers and expects two-wheeler production to begin by March-April 2026. Validation and development for lithium-ion packs for four-wheelers is expected to take another one to two years. Management said the company will supply vehicle makers and aftermarket channels as demand grows.

Exide plans to invest a further Rs 14 bn in the lithium-ion business in FY27, including Rs five bn in the fourth quarter of the current fiscal, taking total investment in the segment to about Rs 48 bn. The firm will continue to invest around Rs five bn annually in existing operations. Management expects capital expenditure to be funded through internal accruals and aims to remain debt-free in FY27.

The company described the demand outlook as robust and targets high single-digit to double-digit growth. Exide expects its topline to reach Rs 200 bn over the next three years and Rs 250 bn by 2030 as the lithium-ion business scales. Management said it will monitor market dynamics and policy developments while pursuing export growth and domestic electrification.

Exide Industries expects additional exports of Rs four to five bn from the next fiscal as an exclusive tie-up with a European partner and the India-US trade deal support expansion. The managing director and chief executive said the arrangement is part of a global exports strategy and the partner was not disclosed. The firm intends to target Europe with private-label sales in forklift, material handling and high-end car segments. The company expects the India-US and India-EU trade agreements to raise exports to about eight to nine per cent of revenue by the next fiscal. Exports fell to around five per cent in FY26 owing to geopolitical headwinds. Exide said it is positioned to meet demand across lead-acid and lithium-ion technologies as two-wheeler launches include both electric and internal combustion models. The wholly owned subsidiary Exide Energy Solutions Ltd (EESL) is validating batteries for two-wheelers and three-wheelers and expects two-wheeler production to begin by March-April 2026. Validation and development for lithium-ion packs for four-wheelers is expected to take another one to two years. Management said the company will supply vehicle makers and aftermarket channels as demand grows. Exide plans to invest a further Rs 14 bn in the lithium-ion business in FY27, including Rs five bn in the fourth quarter of the current fiscal, taking total investment in the segment to about Rs 48 bn. The firm will continue to invest around Rs five bn annually in existing operations. Management expects capital expenditure to be funded through internal accruals and aims to remain debt-free in FY27. The company described the demand outlook as robust and targets high single-digit to double-digit growth. Exide expects its topline to reach Rs 200 bn over the next three years and Rs 250 bn by 2030 as the lithium-ion business scales. Management said it will monitor market dynamics and policy developments while pursuing export growth and domestic electrification.

Next Story
Building Material

NITI Aayog Unveils Cement Decarbonisation Roadmap

NITI Aayog has released a sector-specific decarbonisation roadmap for cement as part of three green transition reports covering cement, aluminium and MSMEs. The report projects cement production rising to around 2,100 million tonnes by 2070 from 391 million tonnes in 2023, while targeting a reduction in carbon intensity to 0.09–0.13 tCO₂e per tonne. It recommends clinker substitution, refuse-derived fuels, CCUS adoption and carbon trading mechanisms to enable deep decarbonisation. ..

Next Story
Technology

Genesys Launches Advanced GeoRadar System

Genesys International Corporation has launched an advanced Ground Penetrating Radar (GPR) solution from IDS GeoRadar for underground utility mapping in India. The system uses patented Equalised Scrambling Technology (EST) and Wide/Multi-Array Antenna Technology to deliver high-resolution three-dimensional imaging of subsurface infrastructure. The technology enables the detection and mapping of buried assets such as water pipelines, sewer networks, telecom cables and power lines. By providing detailed subsurface insights, the system aims to help urban authorities and infrastructure developers ..

Next Story
Infrastructure Urban

Hindustan Zinc Partners Virginia Tech to Boost Silver Recovery

Hindustan Zinc Limited recently signed a Memorandum of Understanding (MoU) with Virginia Tech to advance research aimed at improving silver recovery across its lead–zinc (Pb–Zn) concentrators. The collaboration will focus on refining flotation techniques and optimising reagent usage to improve concentrate quality and operational efficiency at processing plants.Virginia Tech, based in Blacksburg, Virginia, is globally recognised for its expertise in mining engineering, mineral processing and applied metallurgical research. Through this partnership, Hindustan Zinc will leverage global resear..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Open In App