Exide Industries Plans Lithium-Ion Cell Shipments to Auto OEMs
Exide Industries has announced plans to begin shipping lithium-ion cells to passenger vehicle and two-wheeler OEMs either this financial year or early next year. The company expects three-wheeler and e-rickshaw cell applications to generate the first revenue from its lithium-ion battery business. This strategic move represents Exide Industries' expansion into the electric vehicle battery market across multiple automotive segments.
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Exide Industries has outlined its strategic roadmap for entering the lithium-ion battery market, with plans to begin supplying cells to automotive original equipment manufacturers across multiple vehicle segments.
Planned Market Entry Timeline
The company has announced its intention to start shipping lithium-ion cells to passenger vehicle (PV) and two-wheeler OEMs within a specific timeframe. These shipments are expected to commence either during the current financial year or early in the next financial year.
Revenue Generation Strategy
| Application Segment | Revenue Expectation |
|---|---|
| Three-Wheeler Cells | First revenue generation expected |
| E-Rickshaw Cells | First revenue generation expected |
| Passenger Vehicle Cells | Planned shipments this FY or early next FY |
| Two-Wheeler Cells | Planned shipments this FY or early next FY |
Exide Industries expects that three-wheeler and e-rickshaw cell applications will be the primary drivers of initial revenue in its lithium-ion battery business. This strategic focus on commercial vehicle segments reflects the growing demand for electric mobility solutions in the commercial transportation sector.
Market Positioning
The company's entry into lithium-ion cell manufacturing represents a significant expansion of its product portfolio beyond traditional lead-acid batteries. By targeting multiple vehicle segments including passenger vehicles, two-wheelers, three-wheelers, and e-rickshaws, Exide Industries is positioning itself to capitalize on the growing electric vehicle market across various automotive categories.
Historical Stock Returns for Exide Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +5.14% | +6.68% | -6.21% | -9.07% | -7.71% | +68.63% |
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