Exide Energy Solutions (EESL), the battery arm of Exide Industries, just poured ₹99.99 crore into its own equity, pushing total investment to ₹5,202.23 crore.
This injection comes as India gears up for a battery‑heavy future. With the government's EV target of 30% of all passenger cars by 2030, battery supply is the bottleneck.
The new plant sits in Bengaluru – a tech hub already hosting battery makers like Ather and Tata – and is a greenfield project that sidesteps regulatory red tape.
EESL's FY26 numbers are a mixed bag: ₹157.56 crore in turnover against a ₹248.16 crore loss after tax, yet its net worth remains robust at ₹3,991 crore.
For buyers, a larger domestic battery pool could trim costs and improve availability of cells for EVs from brands such as Mahindra, Hyundai, and Tata.
Production start remains unannounced, but industry watchers expect the plant to go live in the next couple of years, a development to keep an eye on as the EV race heats up.