He said that the first phase of the green-field lithium-ion cell manufacturing plant would be up and running by the end of FY26.
Kolkata-headquartered Exide’s subsidiary Exide Energy Solution is setting up the country’s first lithium-ion cell manufacturing unit in Bengaluru with a proposed 12 gigawatt hour capacity in two equal phases of 6 gigawatt hour each targeting the rapidly expanding local electronic vehicle market.
It signed a non-binding agreement with Hyundai Motor and Kia Corporation for strategic cooperation in the market.
Exide has so far made equity investment of Rs 3600 crore into the subsidiary while the board has approved another Rs 1200 crore for the first phase of the unit.
Roy, who took the driver’s seat at Exide on May 1, last year, said that the company also invests about Rs 500 crore every year into its lead-storage battery units.”As we enter FY26, the outlook for the lead-acid business remains positive across most business verticals. During the year, we have strengthened our businesses and go-to-market strategy, by transitioning from a SBU-led organisation to a Functional Organisation. We have also strengthened our senior leadership team by bringing in seasoned business leaders from global corporations,” Roy said.Exide reported a 3% rise in annual net profit for FY25 at Rs 1,077 crore over the preceding year profit.
