Exide Industries Limited announced that its material subsidiary, Exide Energy Solutions Limited (EESL), has completed the commissioning of Phase-I of its lithium-ion cell manufacturing facility. The 6 GWh capacity plant is located in Devanahalli, Bengaluru, Karnataka, and was commissioned on September 23, 2026.

The new facility is designed to manufacture advanced lithium-ion cells across multiple chemistries and form factors. This capability enables EESL to serve a diverse range of applications in both mobility and energy storage sectors, marking a significant step in the company's expansion into next-generation battery technologies.

Strategic significance of the commissioning

The completion of Phase-I represents a critical milestone for Exide Industries as it transitions from traditional lead-acid batteries to lithium-ion technology. By establishing domestic manufacturing capacity, the company aims to reduce dependency on imports and cater to the growing demand for electric vehicle batteries and stationary energy storage systems in India.

Regulatory disclosure and compliance

The announcement was made pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The company filed the disclosure with the Calcutta Stock Exchange, BSE Limited, and National Stock Exchange of India Limited on September 23, 2026. The filing confirms that EESL is a material subsidiary of Exide Industries, underscoring the strategic importance of this venture to the parent company's portfolio.

Exide Industries has entered into a long-term strategic cooperation agreement with ExCom Energy Solutions GmbH to jointly develop the industrial battery business across the European Economic Area. The partnership, signed on September 15, 2026, aims to combine Exide’s manufacturing capabilities with ExCom’s local market presence and technical expertise.

The collaboration will focus initially on traction batteries for motive power applications and stationary energy storage systems. Products under this arrangement will be marketed and sold under the ExCom brand in the region.

Strategic Scope

ExCom GmbH will serve as the central commercial and technical interface for customers within the EEA. Its responsibilities include leading customer development, distribution, technical project support, and after-sales coordination.

The partnership covers two primary segments:

• Traction and motive-power battery solutions for material-handling equipment, logistics operations, and industrial mobility applications.
• Stationary battery systems for industrial, infrastructure, and energy storage applications.

Operational Structure

The agreement establishes a close commercial and technical collaboration designed to deliver a comprehensive portfolio of solutions. This includes battery systems, charging technologies, system integration, application engineering, and lifecycle services.

Products will be tailored to meet specific technical, regulatory, and operational requirements of customers throughout the EEA. Exide contributes its extensive manufacturing scale and technology portfolio, while ExCom provides application engineering capabilities and local customer support infrastructure.

Executive Commentary

Avik Roy, Managing Director and Chief Executive Officer of Exide Industries, highlighted the strategic importance of the EEA market for the company’s industrial energy storage business. He noted that ExCom brings strong market access and proven local execution capabilities.

"By combining these strengths with Exide India's manufacturing scale, diversified product portfolio, and technological expertise, we aim to create long-term value for customers across the EEA," Roy said.

Holger Aschke, Managing Director of ExCom Energy Solutions GmbH, stated that the agreement establishes a strong platform for serving customers with competitive, application-specific energy solutions. Both companies intend to build a robust European platform for traction batteries while exploring next-generation industrial energy storage opportunities.

Future Outlook

Exide Industries and ExCom Energy Solutions expect to venture into advanced chemistry solutions in the future. The companies plan to build on their strategic cooperation and complementary capabilities in industrial energy storage beyond advanced lead-acid battery technologies.