#### **Overview** Exide Industries Limited is one of India’s most trusted and established battery manufacturers, with a legacy of over **75 years**. As a market leader in the Indian battery sector, Exide offers the **world’s widest range of lead-acid batteries** (from **2.5Ah to 20,200Ah**) across automotive, industrial, power, telecom, railways, defense, and renewable energy segments. The company has expanded significantly into **lithium-ion technology**, positioning itself as a pivotal player in India’s green energy transition. Exide exports its products to **63 countries across six continents**, with international operations contributing approximately **8% of standalone revenues** (as of FY2025). The company is debt-free, consistently profitable, and listed on Indian stock exchanges since 1979. --- ### **Core Business Segments & Structure** Exide operates under a **restructured functional organizational model** (post-2025), divided into three go-to-market clusters: 1. **Trade (B2C):** Focuses on the aftermarket for automotive (2W, 3W, 4W, CVs) and home UPS solutions. 2. **Institutional (B2B):** Serves OEMs (automotive, railways, defense), critical infrastructure (data centers, telecom, solar), and power projects. 3. **International Business:** Dedicated vertical targeting over 60 global markets in automotive, traction, and reserve power. Additionally, the **Reserve Power** division is further segmented into: - Home UPS (Exide, SF brands) - Industrial UPS & Data Centers (Exide NXT+, EHP) - Solar Solutions (Exide Sunday) - E-Rickshaw & Last-Mile Mobility (Exide Neo) --- ### **Strategic Growth Initiatives (2024–2025)** #### 1. **Lithium-Ion Expansion: Exide Energy Solutions Ltd (EESL)** Exide is aggressively expanding into the EV and energy storage markets through its **wholly owned subsidiary, Exide Energy Solutions Limited (EESL)**, established in 2022. - **12 GWh Greenfield Lithium-Ion Cell Plant in Bengaluru:** - Located in the Hi-Tech Defense & Aerospace Park, Phase-II (Devanahalli). - Being developed in **two 6 GWh phases**, with **Phase I expected to begin commercial production by Q4 FY2025–26**. - Total investment: **₹3,602 crore** as of June 2025, including ₹990 crore in FY24–25. - Will enable **end-to-end ‘molecule to megawatt’ capability**, from cell to system design. - **Technical Collaboration with SVOLT (China):** - Multi-year agreement for **know-how transfer**, **R&D support**, and **turnkey plant setup**. - SVOLT provides ~300–400 technical experts, including engineers and equipment support. - **Lithium-Ion Pack & Module Facility in Prantij, Gujarat:** - 1.5 GWh capacity, fully compliant with international EHS standards. - Currently **importing cells**, but shifting to **in-house cell supply** upon ramp-up. - **Market Focus:** - **4-Wheelers:** Supplying cells through strategic partnership with a leading Indian passenger vehicle OEM. - **2W/3W & Telecom:** Supplying packs to major OEMs. - **BESS (Battery Energy Storage Systems):** Developing Li-ion solutions for grid and C&I applications. --- ### **Key Product & Technology Developments** #### **Lead-Acid Battery Innovation** Despite the lithium push, lead-acid remains core to Exide’s strategy due to **cost competitiveness**, **mature recycling ecosystem**, and demand in hybrid/EVs. - **AGM & EFB Batteries:** - Supplies **M3-rated EFB batteries** (India’s only fully compliant domestic manufacturer) and AGM VRLA batteries for start-stop and micro-hybrid vehicles. - Commercial production of **EFB/ISS and AGM** batteries underway for domestic and international markets (Middle East, ASEAN). - **Specialty Applications:** - **Submarine Batteries:** 20,200 Ah capacity; sole supplier to Indian Navy and exporter to select foreign navies. - **Traction Batteries:** For material handling, logistics, e-commerce, and aviation (e.g., airport trolleys). - **Industrial UPS:** **Exide NXT+** and **EP series** with fire-resistant design, 3-year warranty, and 10-year design life. #### **New Product Launches (Jul–Aug 2025)** - **AUX EV 12V 60Ah:** Auxiliary battery for EVs; supplied to major OEMs. - **Mega Charge & THORR Batteries:** High-performance traction batteries with longer life and fast charge. - **Front Terminal Planished Grid (FTPG) Battery:** Space-optimized, high-discharge battery for data centers. - **Punched & Concast Plate Technology:** Applied across 2W (punched) and CV (concast) batteries for improved efficiency and durability. --- ### **Diversification into Energy & Mobility Solutions** #### **Solar & BESS (Battery Energy Storage Systems)** - **Exide Sunday Rooftop Solar Solution:** - End-to-end solution (battery, inverter, panel) with **5-year comprehensive warranty**. - Empanelled under **PM Surya Ghar: Muft Bijli Yojana**. - Partnered with **Ecofy Finance** for solar loans. - **Battery Energy Storage Systems (BESS):** - Developed **full containerized BESS solutions** (cell to system). - **Commissioned 3 projects in FY2025**; targeted at C&I and renewable integration. - Projected India BESS capacity to grow **375x to 42 GW by 2032**. #### **E-Rickshaw & Last-Mile Solutions** - **Exide Neo:** Offers e-rickshaws and batteries; capitalizing on 7.9% CAGR growth in e-rickshaw sector. - Targets **urban logistics, delivery services, and affordable mobility**. --- ### **Manufacturing & Infrastructure** - **Operating 11 advanced manufacturing plants** across Ahmednagar, Bawal, Chinchwad, Haldia, Prantij, Hosur, Taloja, etc. - **Backward Integration via Subsidiaries:** - **Chloride Metals Ltd (CML):** 3 lead recycling plants (252,000 MT/year). - **EESL:** Lithium-ion cell, module, and pack manufacturing. - **Capacity Expansion:** Increased capacity in IUPS, Traction, Solar, and BESS segments to meet rising demand. --- ### **Digital Transformation & Customer Experience** #### **Digital Platforms** - **Exide HUB & Rural Wing:** Digital sales enablement across 100,000+ partners. - **Exide Access, Humsafar, Fleet Smart Apps:** Improve order tracking, logistics, warranty claims. - **Exide EDGE (CRM):** Dedicated platform for institutional customers (UPS, data centers), enabling remote diagnostics, proactive service, and on-site support. #### **Service Model: Dual-Tier "Service 1.0 & 2.0"** - **Service 1.0:** Empowers dealers with rapid diagnostics and warranty decisions. - **Service 2.0:** Direct customer access via **WhatsApp, toll-free, or online platforms**; doorstep replacements in **under 2 hours** in major cities. - **Exide Batmobile:** Doorstep battery replacement (all brands), now extended for inverters. - **Exide Home Service:** Dedicated support for solar and inverter systems. #### **Hyperlocal & Rural Outreach** - Appointed **rural dealers** and registered **truck fleet owners** at trucking hubs. - Targeting **"white spots"** (underserved geographies) for market penetration. --- ### **International Expansion** - **Operates in over 60 countries**, strong presence in GCC, ASEAN, USA, and Africa. - **Launched AGM batteries in Egypt, GCC, and ASEAN**; diversified into **CIS markets (Commonwealth of Independent States)**. - **Mitigating Geopolitical Risk:** Expanding into **Europe and North America** with region-specific, high-tech products. - **Strategic Localization:** Developing **multiple logistics partners**, enhancing **warehouse infrastructure**, and deploying **local field teams**. --- ### **R&D & Collaborations** - **Central R&D Centre (Kolkata):** DSIR-recognized; focuses on battery chemistry, recycling, and next-gen storage. - **Key International Partners:** - **East Penn Mfg. (USA):** Co-developed **SLI AGM for BESS**, **Front Terminal Batteries**. - **Furukawa (Japan):** Developed **2W punched plate batteries**, **Aux EV batteries**. - **Moura (Brazil):** Co-developed **EFB batteries** for international OEMs. - **SVOLT (China):** Turnkey support for **lithium-ion cell manufacturing**. --- ### **Financial & Operational Highlights (FY2024–25)** - **Strong Trade Growth:** Automotive replacement market, solar, and industrial UPS saw double-digit volume increases. - **Resilient Institutional Sales:** Supported government projects like **Mumbai Metro, NRCTC, Yadadri Thermal Plant**. - **Robust Order Book:** Nexcharge (lithium JV) secured ₹600–700 crore in orders for battery packs. - **EESL Investments:** ₹3,602 crore invested cumulatively (as of Jul 2025).