Exide Industries aims to start production at lithium cell facility by FY'26-end
GST
Dated:- 17-11-2025
PTI
Kolkata, Nov 17 (PTI) Exide Industries on Monday said it is aiming to commence production at its lithium-ion cell facility by the end of FY'26, with equipment installation and commissioning in the final stages.
The company also said it is in advanced talks with large two-wheeler original equipment manufacturers (OEMs) for such batteries, and two of them are likely to become its initial customers.
Speaking at its latest post-earnings analysts' call, the management said the first production will be an “NCM-based cylindrical cell line” primarily aimed at two-wheeler applications.
The next one to go live will be a prismatic
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uncertainties and easier quality control for OEMs.
The proposed 12 GWh Phase-II expansion will be taken up once there is greater clarity on market adoption, especially in stationary storage.
The Kolkata-headquartered company said it passed on the GST benefit to consumers and has not taken any further price corrections since.
The Goods and Services Tax (GST) rate on batteries was cut from 28 to 18 per cent, effective September 22.
Despite softer Q2 (July-September) sales and profitability, the production curbs helped reduce inventory and unlocked over Rs 500 crore through better working capital control.
Inverter and solar batteries were among the worst hit; solar revenue growth plunged from 35 per cent in Q1 (April-June) to minus 5 per
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