Exide Industries is nearing the completion of its lithium-ion cell manufacturing facility and plans to commercialize the plant with a 6 GWh capacity by the end of the 2026 financial year. The construction of key structures, including the main cell, administrative, and warehouse buildings, is almost finished, with equipment installation now underway. The company has begun relocating teams to support the project.
The gigafactory, located in Bengaluru, is being developed by Exide’s subsidiary, Exide Energy Solutions Ltd. The first phase will focus on manufacturing lithium-ion cells with a capacity of 6 GWh, which will later be expanded to 12 GWh. The total investment for the first phase is estimated at Rs 5,000 crore, covering the battery cell, pack, and module facilities. The cells produced will feature Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) chemistries, which will be used for both mobility and stationary applications.
Exide expects to begin initial production in mid-2025, with commercial production ramping up toward the end of FY26. The company is collaborating with Chinese firm SVOLT Energy Technology for cell manufacturing technology and has secured rights to utilize their expertise. Additionally, Exide has partnered with Hyundai and Kia to supply lithium-ion batteries for electric vehicles in India.
As the demand for lithium-ion batteries grows, particularly for electric vehicles and energy storage, Exide’s move to localize production will help reduce dependency on imports from China, Japan, and South Korea. While the second phase of the project, which will further expand capacity to 12 GWh, has not been fully outlined, Exide’s move represents a significant step toward increasing India’s domestic production of lithium-ion batteries. Other companies, including Amara Raja, Ola Electric, and Reliance, are also establishing similar facilities, signaling a growing focus on the local battery manufacturing sector.
The company is a leading manufacturer of lead-acid batteries and energy storage solutions in India, with a strong presence in both the automotive and industrial sectors. Established in 1947, the company has built a reputation for producing high-quality batteries for a variety of applications, including automobiles, motorcycles, UPS systems, and telecom equipment.
Exide also plays a significant role in the growing electric vehicle (EV) market, and is actively expanding its operations in lithium-ion battery production. Through its subsidiary, Exide Energy Solutions Ltd., the company is developing a gigafactory for lithium-ion cells in Bengaluru, with plans to scale up production for both mobility and stationary applications. With a focus on sustainability and innovation, Exide continues to lead the battery industry in India, while supporting the country’s shift toward renewable energy and clean transportation.
