Exide Industries Invests ₹450 Crore to Strengthen Its EV Battery Business

By Amit Jangra | Published Date : March 26, 2026

Exide Industries invested ₹450 crore in its EV battery unit to expand production and support future growth in electric vehicle market in India.

Exide Industries Limited has once again put more money into its EV battery side, around ₹450 crore this time. The investment is done in its own company Exide Energy Solutions Limited, which is fully owned by Exide.

With this new amount, total investment has now crossed ₹4,800 crore. The company gave this money by buying shares and full payment was done in cash. Since it was only given to its own unit, ownership still remains 100% same.

What This EV Unit Actually Does

Table of Contents

1. What This EV Unit Actually Does

2. New Plant Work Going On Near Bengaluru

3. Financial Numbers Show Early Stage Struggle

4. Company Looking at Long Term Growth

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EESL started in March 2022 and it is working on lithium-ion batteries. These batteries are used in many vehicles like electric trucks, electric mini trucks and even electric 3 wheelers which are slowly growing in India.

The company is not focusing on just one product. It is making battery cells, modules and full packs also. They are also working on different battery types like cylindrical, pouch and prismatic, so they can serve more market.

New Plant Work Going On Near Bengaluru

Right now, EESL is setting up a new factory near Bengaluru. This project needs big money, so this ₹450 crore will help in that. Some part of money will also go in daily working and expansion.

Demand of electric mini trucks and electric 3 wheelers is increasing slowly, so company is trying to prepare early before market becomes too competitive.

Financial Numbers Show Early Stage Struggle

If we look at financials, company is still not in profit. In FY 2024-25, revenue was around ₹116 crore, which is lower than last year. Loss after tax was more than ₹200 crore.

But this is kind of normal, because in starting phase companies spend more and earn less. Segments like electric trucks are still growing, so returns will take time.

Company Looking at Long Term Growth

Even after losses, Exide is still investing big amount. This clearly shows company is thinking long term and not for quick profit.

India EV market, including electric mini trucks and electric 3 wheelers, is expected to grow more in coming years. So this investment can help company later.

Right now it may look slow, but in future this move can become very important for Exide’s position in EV battery market.

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Frequently Asked Questions on Commercial Vehicles

1. What is the latest investment made by Exide Industries?

Ans: Exide Industries invested ₹450 crore in its EV battery subsidiary.

2. Where is the new battery plant being set up?

Ans: The company is setting up a new plant near Bengaluru.

3. Is the company making profit in this EV business?

Ans: No, currently the company is in loss as it is in early stage.

4. Which EV segments will benefit from this investment?

Ans: Segments like electric trucks, electric mini trucks and electric 3 wheelers will benefit.

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