EXIDE Industries

What EXIDE Industries does

Exide Industries Limited is India's largest manufacturer of lead-acid storage batteries, holding approximately 50% domestic market share, and is publicly listed on BSE (500086) and NSE (EXIDEIND) with corporate headquarters in Kolkata. Incorporated in 1947, the company designs, manufactures, markets, and sells a broad portfolio spanning automotive batteries (four-wheeler, two-wheeler, three-wheeler, e-rickshaw), industrial and institutional batteries (UPS, telecom, genset, traction, submarine, railway), inverter and home UPS systems, solar batteries and BESS, and battery-powered e-rickshaw vehicles under the Exide NEO brand. Core technology rests on proprietary patented grid designs, special patented alloys for hot climate endurance, double-separator architecture, ASIC-protected inverter batteries, and wet-shipped factory-charged production; the company is vertically integrated through wholly-owned subsidiary Chloride Metals Limited for lead recycling and alloy production.

The business operates through a multi-channel go-to-market model combining direct OEM supply to automotive manufacturers including Maruti Suzuki, Tata Motors, TVS, and (under MOU) Hyundai and Kia; a pan-India dealer network and service touchpoints including the Exide Care platform and Batmobile doorstep service across 250+ cities; institutional B2B sales to defense (Indian Navy Scorpene Class submarines), railways (Delhi-Meerut RRTS), telecom (Indus Towers), and data center operators; exports to 66+ countries under brands such as Exide, Chloride, CEIL, Dynex, SF Sonic, Index, and Black Panther; and direct-to-consumer channels including e-commerce and warranty registration. Pricing is unit-based MRP per battery type and capacity, published publicly.

Revenue is generated through hardware sales across automotive, industrial, solar and energy storage, inverter/consumer, e-rickshaw, and international segments. FY 2025-26 standalone revenue reached ₹17,269 crore with EBITDA of ₹1,943 crore, PAT of ₹1,111 crore, zero debt, and operating cash flows of ₹2,231 crore. The wholly-owned subsidiary Exide Energy Solutions Limited (EESL) is building a 12 GWh lithium-ion cell manufacturing facility in Bengaluru (6 GW Phase I, ₹6,000–6,500 crore Phase I capex, ₹4,802 crore cumulative investment through FY26) using SVOLT Energy Technology, with initial commercial dispatches expected in FY 2026-27.

Name

EXIDE Industries

Legal name

EXIDE INDUSTRIES LIMITED

Website

http://www.exideindustries.com/

Company type

Public

Founded year

1947

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Exide Industries Limited is India's largest lead-acid storage battery manufacturer with approximately 50% domestic market share, serving automotive OEMs, industrial/institutional customers, defense, telecom, railways, data centers, and consumers through a pan-India dealer network and exports to 66+ countries, while building a 12 GWh lithium-ion cell gigafactory via subsidiary EESL.

Ownership category

akta.pro rank

Product category

Lead-Acid Storage Batteries

NAICS

Battery Manufacturing (33591), Electrical Equipment Manufacturing (33531)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600)

akta.pro primary industry

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)

akta.pro secondary industries

Automotive Batteries & 12V/Low-Voltage Energy Storage Manufacturing (IMACAJAJ), UPS Batteries & Energy Storage Modules (HDACAJAE), E-Mobility Batteries & Swappable Packs (Consumer) (CRACASAI), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB)

Keywords

• Lead-acid batteries
• Automotive batteries
• Lithium-ion batteries
• Energy storage systems
• Inverter batteries

Headquarters

HQ city

Kolkata

HQ country

India

HQ region

Asia

Offices12 records

Markets served

GTM type

B2B and B2C

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Technology or R&D, Marketing or Sales, Infrastructure

Revenue model

1. Automotive Batteries (OEM + Replacement): Automotive batteries for four-wheelers, three-wheelers, two-wheelers, and e-rickshaws sold to OEMs and through the replacement/aftermarket channel via dealer network. The company's auto OEM business recorded over 25% YoY growth in Q4 FY26.
2. Industrial & Institutional Batteries: UPS batteries, telecom batteries, submarine batteries, railway batteries, genset batteries, and infrastructure batteries sold to enterprise and government customers. Submarine batteries have been supplied to the Indian Navy's Scorpene Class submarines.
3. Solar & Energy Storage Solutions: Solar batteries, solar inverters, solar PV modules, and Battery Energy Storage Systems (BESS) for residential, commercial, and utility-scale applications. Solar segment crossed Rs 1,000 crore in annual revenue in FY26.
4. Inverter & Home UPS Systems: Inverter systems, inverter batteries, and home UPS products sold through dealers and directly to consumers via the Exide Care platform and Batmobile doorstep service.
5. E-Rickshaw Vehicles: Exide NEO battery-powered e-rickshaw vehicles manufactured and sold, leveraging Exide's 70+ years of battery expertise.
6. International Export: Export of branded batteries to 66+ countries globally under brands including Exide, Chloride, CEIL, Dynex, SF Sonic, Index, and Black Panther. Exports targeted at forklift, material handling, high-end automotive, and telecom segments. Exports represent 5-7% of total revenue currently, with plans to grow to 8-10%.

Pricing tiers

Go-to-market motion4 records

Distribution channels7 records

Marketing channels8 records

Core offering

Exide Industries designs, manufactures, markets, and sells lead-acid storage batteries for automotive (four-wheelers, two-wheelers, three-wheelers, e-rickshaws), industrial (UPS, telecom, railway, submarine, genset), inverter and home UPS, and solar energy storage applications. The company operates multiple Indian manufacturing plants and is building a multi-gigawatt hour lithium-ion cell manufacturing facility through its wholly-owned subsidiary Exide Energy Solutions Limited (EESL) using SVOLT technology, targeting EV and stationary energy storage markets.

Product overview

Exide Industries Limited is India's largest manufacturer of lead-acid storage batteries and one of the largest power storage solutions corporations in South and South East Asia. The company operates a broad, multi-category battery and power storage portfolio organized around its core lead-acid battery business complemented by a growing lithium-ion manufacturing subsidiary. The product portfolio spans: Automotive Batteries (for four-wheelers, three-wheelers, two-wheelers, and e-rickshaws); E-Rickshaw Vehicles under the Exide NEO brand; Inverter Systems and Inverter Batteries (including tubular designs); Institutional UPS Batteries (NXT+, Powersafe Plus, Powersafe EHP for data centres, Flooded 6EL ranges); Genset Batteries (Exide Genplus); Solar Solutions (Sunday Solar rooftop systems, solar batteries in tubular and AGM VRLA formats, solar inverters, PV modules); Infrastructure Batteries (telecom, power/industrial projects, traction/motive power, railways including Delhi-Meerut RRTS); Exide BESS (Battery Energy Storage Solutions); and Submarine Batteries (for Indian Navy Scorpene Class submarines). Supporting the core battery lines are multiple brands and sub-brands including Exide, SF Batteries/SF Sonic, Dynex, Chloride/CEIL, Index, Black Panther, and Dagenite for domestic and export markets. The company's wholly-owned subsidiary Exide Energy Solutions Limited (EESL) spearheads its entry into lithium-ion cell manufacturing using technology from SVOLT Energy Technology, building a multi-gigawatt hour gigafactory in Bengaluru with commercial production targeted for FY2026-27. Services include the Exide Batmobile doorstep service and Exide Home Service for inverter batteries. Exide also manufactures e-rickshaw vehicles (Exide NEO) and demineralised water (Exide Distillo), and recently launched the Exide AGMi — the only full-range AGM battery made in India for modern passenger vehicles.

Differentiator

Problem solved

Functional benefit

Brands

• Exide: India's largest selling batteries brand; primary consumer and automotive battery brand.
• SF Batteries
• Dynex Batteries
• Chloride
• SF Sonic
• CEIL (Chloride Eastern Industries Limited)
• Index
• Black Panther
• Dagenite
• Jupiter
• Exide NEO
• Exide Distillo
• Sunday Solar
• Exide AGMi
• Exide EL Ultra
• Exide Powersafe
• Exide NXT+

Products and services

• Automotive Batteries Lead-acid storage batteries for four-wheeler, three-wheeler, two-wheeler, and e-rickshaw vehicles, designed for hot climate conditions with thicker cast high-performance plates, special patented alloy, and double separators. Includes the Exide AGMi range (the only full-range AGM battery made in India for modern passenger vehicles).
• E-Rickshaw Vehicles (Exide NEO) Battery-powered e-rickshaw vehicles under the Exide NEO brand, manufactured using Exide's decades of battery expertise, offering smart design, robust body, and comfortable rides for last-mile transportation.
• Inverter Systems Home UPS and inverter systems available in lower KVA and higher KVA variants, including Power NXT online UPS systems, Exide Inverterz Magic Home UPS, and Exide Integra integrated Li-ion power backup systems for residential and SOHO use.
• Inverter Batteries Tubular inverter batteries designed for reliable power backup in home inverter systems, offering long life and deep discharge recovery for residential and small commercial use.
• Institutional UPS Batteries High-performance batteries for institutional and data center UPS applications, including the Exide NXT+ Range, Powersafe Plus Range, Powersafe EHP Range (engineered for data centre mission-critical UPS backup), and Flooded 6EL/6EL Plus Ranges.
• Genset Batteries (Exide Genplus) Batteries designed for generator sets, providing reliable starting power and endurance for backup power systems under the Exide Genplus brand.
• Solar Solutions Complete solar energy portfolio including Sunday Solar Rooftop Systems, tubular solar batteries, AGM VRLA solar batteries, solar inverters, and solar PV modules for residential, commercial, and industrial applications.
• Battery Energy Storage Solution (Exide BESS) Battery Energy Storage Systems (BESS) providing grid-scale and distributed energy storage for utilities, industries, and renewable energy integration applications.
• Infrastructure Batteries Industrial batteries for infrastructure applications including telecommunications, power and infrastructural projects, traction and motive power, and railways (suburban and metro rail systems, including Delhi-Meerut RRTS VRLA battery banks).
• Submarine Batteries Specially designed batteries for naval submarine applications, providing reliable power for propulsion and onboard systems. Exide has supplied indigenous batteries to the Indian Navy's Scorpene Class submarines, replacing German-made Hagen Batteries.
• Demineralised Water (Exide Distillo) Demineralised water product for battery maintenance and industrial applications, ensuring optimal electrolyte quality.
• Lithium-Ion Battery Cells (EESL) Cylindrical and prismatic lithium-ion battery cells manufactured for electric vehicles (two-wheeler, three-wheeler, passenger vehicle) and stationary energy storage, produced at EESL's Bengaluru gigafactory using SVOLT Energy Technology.
• Exide Batmobile Doorstep Service Doorstep battery service facility providing at-home battery replacement and testing for car batteries, inverters, and inverter batteries, covering 250+ cities across India.

Quantifiable outcome

• India's largest lead-acid battery manufacturer with ~50% domestic market share
• +5 more outcomes

Named customers7 records

Segments5 records

Ideal customer profiles4 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature7 records

Partnerships

Seven partnerships are on record, tiered core and minor.

• Exide Energy Solutions Ltd (EESL) - Internal SubsidiarycoreStrategic or Co-development Partner · 30 March 2026Wholly-owned subsidiary of Exide Industries focused on lithium-ion battery manufacturing. Exide has cumulatively invested ₹4,802.23 crore in EESL. EESL is building a 12 GWh lithium-ion cell manufacturing facility in two phases (6 GWh in Phase I) at Bengaluru, with initial commercial dispatches expected in FY 2026-27.
• European Partner (Exclusive)minorChannel Partner/ Reseller/ Distributor · 10 February 2026Exclusive tie-up with a European partner for private label exports targeting forklift, material handling, and high-end car segments. Expected to generate additional exports of Rs 4-5 billion from next fiscal, raising export contribution from ~5% to 8-9% of total revenue.
• Dahbashi Engineering (UAE)coreChannel Partner/ Reseller/ Distributor · 16 May 2024Exclusive GCC (Gulf Cooperation Council) partner for Motive Power Batteries. Jointly hosted mega launch event in Dubai for Megacharge and CEIL Express Power Range of batteries. Dahbashi Engineering distributes Exide's industrial battery products across the Middle East region.
• SVOLT Energy Technology (China)coreTechnology or Integration · 27 September 2022Exide Energy Solutions Ltd (EESL) has a technology partnership with China's SVOLT Energy Technology for lithium-ion battery cell manufacturing. SVOLT provides the technology license and technical know-how for manufacturing cylindrical and prismatic lithium-ion cells at Exide's Bengaluru gigafactory. This is the core technology partnership enabling Exide's entry into lithium-ion manufacturing for EVs and energy storage.
• Furukawa Battery Co. Ltd (Japan)coreTechnology or IntegrationTechnical collaboration with Furukawa Battery Co. Ltd Japan for automotive and motorcycle batteries. Exide follows Furukawa's technical standards and processes, enabling Exide to maintain parity with world leaders in battery technology.
• Hyundai Motor India / KiacoreStrategic or Co-development PartnerHyundai Motor and Kia signed a memorandum of understanding with Exide Energy Solutions Ltd to source locally produced EV batteries including lithium-iron-phosphate (LFP) cells. This represents a significant strategic partnership for Exide's EV battery business, providing a major customer for its Bengaluru gigafactory output.
• Chloride Metals Limited (CML) - Internal SubsidiarycoreStrategic or Co-development PartnerWholly-owned subsidiary of Exide Industries operating a state-of-the-art recycling unit in Haldia, West Bengal (inaugurated August 2022), producing lead and allied alloys for battery manufacturing. Supports circular economy and raw material security for Exide's battery production.

Scale indicators15 records

Recent moves8 records

Expansion highlights6 records

Broad incumbents

• EnerSys: Global industrial battery leader in motive power, reserve power, and aerospace/defense batteries. Comparable to Exide's industrial, forklift/motive power, and defense battery segments, and a relevant reference for international expansion strategies in industrial batteries.
• GS Yuasa: Global Japanese battery manufacturer with a broad portfolio spanning automotive, motorcycle, industrial, and lithium-ion products. Comparable to Exide's overall scope and serves as a benchmark for technology parity and global export competitiveness, though not a direct India competitor.

Direct peers

• Okaya Power: Indian manufacturer and brand of inverter batteries, inverters, and lithium-ion energy storage products. Directly competes with Exide in the home inverter and home UPS segment and is expanding into lithium-ion-based home energy solutions.
• Luminous Power Technologies: India's leading inverter and home UPS brand with a strong inverter battery portfolio (tubular and lithium-ion). Directly comparable to Exide's home inverter and inverter battery business, competing through similar dealer networks and consumer channels.
• Eastman Auto & Power: Indian manufacturer of automotive batteries, inverter batteries, and solar PV solutions, including lithium-ion packs. Competes with Exide across automotive aftermarket, inverter, and rooftop solar channels in India.
• Eveready Industries India: Long-established Indian battery company with broad presence across consumer and industrial segments, with growing focus on lithium-ion and inverter applications. Comparable to Exide across consumer battery and inverter segments, though smaller in automotive OEM.
• Tata AutoComp Systems (Tata Green Batteries): Tata Group's automotive battery arm supplying lead-acid batteries primarily to Tata Motors and other Indian OEMs. Directly comparable to Exide's automotive OEM business and similarly evaluating lithium-ion transitions through group-level initiatives.
• Amara Raja Energy & Mobility: India's second-largest lead-acid battery manufacturer (Amaron brand) and Exide's primary domestic competitor across automotive, industrial, and inverter battery segments. Amara Raja is also building lithium-ion cell capacity, making it the most direct comparable on both the legacy and transition businesses.
• HBL Power Systems: Indian manufacturer specializing in industrial batteries for telecom, railways, defense, and UPS applications. Directly comparable to Exide's institutional and infrastructure battery segments, including similar defense and railway customer profiles.

Emerging players

• Exide Industries' technology partner SVOLT Energy Technology: Chinese lithium-ion cell manufacturer providing technology licensing to Exide's EESL subsidiary. While not a direct competitor in India, SVOLT is a relevant comparable for evaluating the technology, cost curve, and product roadmap that Exide's lithium-ion business will inherit.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• Xx.com/ExideCare
• YouTubeyoutube.com/@ExideCare
• Facebookfacebook.com/ExideCare
• LinkedInlinkedin.com/company/exide-industries-limited
• Instagraminstagram.com/exidecare?utm_source=ig_web_button_share_sheet&igsh=ZDNlZDc0MzIxNw%3D%3D

Compliance7 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles10 records

Subsidiaries4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments4 records

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about EXIDE Industries