In Short : Exide Industries has infused ₹450 crore into its EV battery subsidiary, Exide Energy Solutions, to accelerate cell manufacturing and strengthen India’s electric mobility ecosystem. The investment supports capacity expansion, technology development, and project execution. It reflects growing momentum in domestic battery production, reduces import dependence, and advances India’s transition toward electrification and […]
Exide Industries shares gain on agreement for solar power generation – EQ
In Short : “Exide Industries shares surge following an agreement for solar power generation, signaling investor confidence in the company’s diversification into renewable energy and its potential for growth in the sustainable power sector.” In Detail : Exide Industries shares rose nearly a percent to Rs 386.95 in early deals today against the previous close […]
Exide Industries misses fourth quarter profit view on high costs – EQ Mag
BENGALURU : Indian lead-acid battery maker Exide Industries Ltd reported a lower-than-expected quarterly profit on Monday, hurt by higher raw material costs. Exide’s net profit after tax was at 2.08 billion rupees ($25.45 million) for the quarter ended March 31, while analysts on average expected a profit of 2.52 billion rupees, according to Refinitiv IBES […]
Exide Industries enters into a long-term technical collaboration with SVOLT Energy Technology (China) for lithium-ion cell manufacturing – EQ Mag Pro
Exide Industries enters into a long-term technical collaboration with SVOLT Energy Technology (China) for lithium-ion cell manufacturing. For more information please see below link:
Case filed by Exide Industries challenging levy of Additional Surcharge by MSEDCL
Case filed by Exide Industries Ltd. challenging levy and recovery of Additional Surcharge by MSEDCL on its captive consumption of electricity. For more information please see below link:
Exide Industries increases stake in JV with Leclanche to 80.15%
In June 2018, Exide Industries had announced signing of a pact with Leclanche SA for setting up a joint venture company to build lithium-ion batteries and provide energy storage systems for India’s EV market. New Delhi: Battery maker Exide Industries on Monday said it has increased stake in its joint venture (JV) with Swiss […]
Exide Industries share price gains 3% after Nomura turns bullish with rating upgrade, raises target
Nomura upgraded stock to buy from neutral and raised target price to Rs 222 from Rs 203 per share, implying 19 percent potential upside from current levels. Shares of Exide Industries rose 3 percent intraday on November 7 after Japanese brokerage firm Nomura turned bullish on the stock, upgrading its rating after Q2 earnings. The […]
Exide Industries, India’s largest manufacturer of batteries, and Leclanché announce the launch of a new joint venture to build lithium-ion batteries and energy storage solutions to power the growth of India’s electric vehicle market
– Exclusive joint venture (JV) agreement signed on 27 June 2018 to address India’s transition to green energy and clean transportation – Well timed JV, ideally positioned to be a leading provider to emerging multi GWh storage markets for electric vehicles and grid connected applications in India MUMBAI, India and YVERDON, Switzerland and DALLAS: Exide […]