Endurance Technologies to invest Rs 62 crore for four-wheeler battery capacity
Endurance Technologies is investing Rs 62 crore to expand its Mindewadi facility for four-wheeler battery pack production, adding 3,640 units per month. The project, funded by internal accruals, follows the commencement of two-wheeler battery production and aims to strengthen the company's presence in the electric mobility market.
*this image is generated using AI for illustrative purposes only.
Endurance Technologies will invest approximately Rs 62 crore to expand manufacturing capacity at its Mindewadi plant in District Pune, targeting the production of battery packs for the four-wheeler segment. The company aims to add 3,640 battery packs per month, with the capacity addition expected to be completed in Q3 of the current financial year. This expansion follows the recent commencement of commercial production for two-wheelers at the same facility on June 17, 2026.
The project will be financed through internal accruals. The company stated that it is in an advanced stage of discussion with a four-wheeler EV OEM for the supply of these battery packs. The existing facility currently has an installed capacity of approximately 26,000 battery packs per month for two-wheelers, with a target to achieve 70% utilisation by October 2026.
Capacity and Investment Details
| Particulars | Description |
|---|---|
| Existing Capacity | ~26,000 packs per month (two-wheelers) |
| Proposed Addition | 3,640 packs per month (four-wheelers) |
| Investment Required | ~Rs 62 crore |
| Financing Mode | Internal accruals |
| Completion Timeline | Q3 of current financial year |
The strategic move allows the company to expand into the four-wheeler market, strengthening its presence in the electric mobility sector. The initial greenfield project was approved with a capital expenditure outlay of approximately Rs 473 million.
Historical Stock Returns for Endurance Technologies
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -0.03% | +5.73% | +3.79% | +0.23% | +8.03% | +66.87% |
Who is the potential four-wheeler EV OEM partner, and how will this agreement impact Endurance's revenue visibility?
What are the company's plans for further capacity expansion if demand for four-wheeler battery packs exceeds the initial 3,640 units per month?
How will the capital expenditure for this expansion affect the company's free cash flow and margins in the upcoming quarters?
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