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.

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