Endurance Technologies Completes Full Acquisition of Maxwell Energy Systems May 16, 2025
Endurance Technologies: Q4 Profit Up 17%, Declares ₹10 Dividend May 15, 2025
Endurance Technologies Strengthens Grip on Maxwell Energy Systems with Complete Acquisition May 08, 2025
Endurance Technologies Invests ₹47.3 Crore in New Lithium-Ion Battery Pack Facility Apr 30, 2025
More news about Endurance Technologies
29Apr 25
Endurance Technologies Unveils ₹473 Crore Investment in New Battery Pack Facility
Endurance Technologies Limited plans to establish a new manufacturing facility for lithium-ion battery packs in Maharashtra, investing ₹473 crore. The plant, located in Mindewadi, Pune, will have a production capacity of 35,000 battery packs per month. Production is set to begin in Q4 FY 2025-26, initially focusing on the domestic market. This strategic move marks the company's entry into the electric mobility and energy storage sectors, complementing its subsidiary's battery management systems. The expansion will be financed through internal accruals.
07Apr 25
Endurance Technologies Secures Eligibility for Rs. 6,060 Crore Government Incentives
Endurance Technologies has received an Eligibility Certificate from the Maharashtra government, qualifying for incentives up to Rs. 6,060.32 crore. The incentives are linked to investments in fixed assets at its Waluj units in Chhatrapati Sambhajinagar over a five-year period from April 2019 to August 2024. This development is expected to boost the company's expansion plans and enhance its competitiveness in the auto component sector.
04Apr 25
Endurance Technologies Secures Rs. 6,060 Crore Incentive Eligibility from Maharashtra Government
Endurance Technologies has received an Eligibility Certificate from Maharashtra's Directorate of Industries, qualifying for incentives up to Rs. 6,060.32 crore on fixed asset investments at its Waluj units. The incentives, available from October 2024 to September 2031, include up to Rs. 865.76 crore annually through SGST collection and electricity duty exemption. This covers investments made from April 2019 to August 2024 under the Package Scheme of Incentives - 2019 for Mega Projects.
24Mar 25
Endurance Technologies Gears Up for Analyst and Investor Meeting, Includes Facility Tour
Endurance Technologies Limited has scheduled a meeting with M&G Investments on March 26, 2025, in Pune. The event includes a tour of the company's manufacturing and R&D facilities in Chakan. Senior management will be present, and presentation materials are publicly available on the company's website. The meeting demonstrates Endurance's commitment to transparency and stakeholder engagement in the evolving automotive components sector.
21Mar 25
Endurance Technologies Streamlines Overseas Structure: Buys Back 5% Stake in Italian Subsidiary
Endurance Technologies Limited's Italian subsidiary, Endurance Overseas S.p.A. (EOSpA), has bought back 5% of its equity shares from Endurance GmbH, Germany for €8.5 million. This move simplifies the company's overseas holding structure, making Endurance Technologies the sole voting shareholder in EOSpA. The buyback consideration was based on enterprise value using standard valuation principles. EOSpA, established in 2007, serves as a special purpose vehicle for overseas investments and provides management support to European entities within the Endurance Group. In FY 2023-24, EOSpA reported a turnover of €8.50 million and a net profit of €8.30 million.
Endurance Technologies' Italian subsidiary, Endurance Overseas S.p.A. (EOSPA), has repurchased 5% of its equity shares for €8.50 million from Endurance GmbH, Germany. This transaction, completed on March 14, 2025, makes Endurance Technologies the sole voting shareholder in EOSPA. The move aims to simplify the holding structure of Endurance Group entities overseas, potentially improving efficiency within the group's international subsidiaries.
Endurance Technologies has accepted the voluntary separation of 57 permanent workmen at its Waluj plant in Maharashtra, as part of a strategy to align workforce with production volumes. The company will pay out approximately Rs. 106.35 crore for this Voluntary Separation Scheme (VSS). The move aims to right-size the plant and potentially improve operational efficiency. Endurance Technologies has also scheduled a meeting with Wellington Management, Singapore, indicating ongoing engagement with institutional investors.