Exide Industries invested nearly ₹1,000 crore in its subsidiary, Exide Energy Solutions (EESL), during the 2024–25 financial year. EESL is building a large-scale lithium-ion battery manufacturing plant in Bengaluru. As of April 2025, Exide’s total investment in the project stands at ₹3,602 crore. The plant is being developed in two phases and will have a total capacity of 12 gigawatt-hours once complete.
Construction is well underway, and the company expects the first phase to begin commercial production during 2025–26, according to its latest annual report. EESL was established in 2022 to produce advanced battery cells for electric vehicles and energy storage systems in India. The company is currently manufacturing battery modules and packs at its facility in Prantij, Gujarat, supplying sectors such as EVs, telecom, and grid storage.
Exide reported revenue of ₹16,588 crore for FY25, with earnings before interest, taxes, depreciation, and amortisation (EBITDA) of ₹1,893 crore. Profit after tax came in at ₹1,077 crore, slightly up from ₹1,053 crore in the previous year. The company maintained a zero debt-to-equity ratio and continued to generate healthy cash flow.
While demand for replacement batteries in the domestic market was stable, demand from carmakers was weaker during the year. Industrial and solar UPS sales remained steady, though the home UPS market saw slower demand. In its international business, Exide’s automotive battery segment performed well, but demand for industrial batteries declined due to an economic slowdown in several key European countries.
Exide Industries Limited is a leading Indian multinational company specializing in the manufacture and storage of energy solutions, with a legacy spanning over seven decades. Headquartered in Kolkata, it is one of India’s largest producers of lead-acid batteries for automotive, industrial, and submarine applications, as well as a significant player in lithium-ion battery technology.
Exide’s products are widely used in vehicles, power backup systems, renewable energy solutions, and other critical sectors. The company is known for its robust manufacturing infrastructure, cutting-edge research and development facilities, and a vast distribution network across India and global markets. Committed to sustainability and innovation, Exide is actively investing in green energy technologies, including advanced battery solutions for electric vehicles, to align with the evolving needs of a cleaner and energy-efficient future.
