Fuel your future with strategic expansion plans
In today’s world, reliable and efficient energy storage is more important than ever. From starting your car to ensuring uninterrupted power supply to your home and business, batteries play an invisible yet critical role. Exide Industries, a leader in the battery industry in India, is at the forefront of this essential sector.
For over a century, Exide has been a driving force in the advancement of battery technology. Our diverse product range is suitable for a variety of applications. From powering your daily commute with two- and four-wheeler batteries to providing backup solutions with inverters and home UPS batteries, Exide ensures a steady flow of energy where it is needed most.
Exide industries Batteries make a significant contribution to the critical infrastructure that supports sectors such as telecommunications, IT and power. Exide contributes to a more connected and efficient nation by ensuring reliable power backup for these critical services. Learn more about the company and learn about Exide Industries, which is pioneering the battery sector in India with innovative energy storage solutions and global expansion.
Industry Overview of Exide Industries
The Indian automobile industry has witnessed a remarkable turnaround after being negatively impacted by the COVID-19 pandemic over the past two years. 2022-23 marks a significant milestone as the industry achieves record-high domestic passenger vehicle sales, surpassing the previous record set in 2018-19.
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Additionally, the commercial vehicle segment is showing solid growth, recording the second highest sales volume in the country. The growth drivers for the industry have been positive consumer sentiment, increasing mobility, new product launches and easing supply-side constraints, especially in the passenger vehicle segment.
Moreover, the commercial vehicle sector has benefited from the government’s focus on infrastructure development and overall economic recovery. Although the three-wheeler segment has gained traction compared to the last two years, sales are yet to reach pre-pandemic levels.
However, the two-wheeler segment is lagging behind other automotive segments in terms of growth and is unable to keep up with the momentum of the overall industry. The Society of Indian Automobile Manufacturers (SIAM) believes that positive policy initiatives will further aid the growth trajectory of the industry.
Exide Industries Company Overview
industrial shutdown We are engaged in the business of manufacturing lead acid batteries and inverters. As a company, they are capable of manufacturing lead acid batteries from 2.5 Ah to 20,200 Ah. The products produced by the company include industrial batteries, automotive batteries, institutional batteries, household UPS systems, and submarine batteries.
Exide Industries was incorporated on January 31, 1947 as an associated battery manufacturer and later changed its name to Chloride India Ltd in 1976. On 25 August 1995 the company changed its name again to Exide Industries Ltd. The company is headquartered in West Kolkata. Bengal.
The company has 10 manufacturing plants at various strategic locations such as Hosur, Bawal, Ahmednagar, Haridwar and Roorkee. We are the only battery manufacturer with three large leads. recycle plant. Currently, the company is present in more than 60 countries. Eide Industries was listed on the Indian Stock Exchange in 1979.
Exide Industries’ product and segment overview
automotive sector
In this segment, the company focuses on supplying automotive batteries. These include two-wheel batteries designed for motorcycles and scooters. Three-wheeler battery for auto rickshaw. 4 wheel batteries for cars, jeeps, buses and trucks. We also provide batteries for electric rickshaws.
They offer batteries under three strong brand names which include: Exide, SF batteries and Dynex batteries
industrial sector
The segment provides batteries for a variety of industrial applications, including power, telecommunications, infrastructure projects, ITES industry (data centers and servers), railways, mining operations and defense sectors.
Inverter and household UPS sector
This division designs batteries that provide backup power during power outages. It is offered in two variants, including a tubular inverter battery for longer power backup requirements and a flat inverter battery for shorter backup requirements.
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Finance of Exide Industries
In FY 2023, Exide Industries recorded an increase in revenue, registering a growth of 17.89% to Rs 15,078 billion as compared to Rs 12,789 billion in FY 2022. The company’s net profit also increased by 18.50% to Rs 82.277 billion in FY23. rupee is opposite to 694.31 crore rupees.
The increase in revenue and net profit was driven by strong industrial demand and the recovery in the automotive sector. The launch of new products also contributed to increased sales, which in turn increased the company’s sales volume.
ROE in fiscal 2023 was 7.58%, compared to 48.55% in the previous year. The entire stake in Exceed Life Insurance was sold to HDFC Life Insurance, resulting in ROE of 10.55%.
Future Plans industrial shutdownS
Exide Industries, through its subsidiary Exide Energy Solutions Ltd (EESL), plans to set up a large-scale greenfield lithium-ion battery manufacturing facility in Bangalore. Initially, this plant will have the capacity to produce 6GWh by 2025, and plans to increase this to 12GWh in the future.
The factory is said to manufacture cylindrical cells and radial prismatic cells for a variety of applications. Exide has signed a non-binding MOU with Hyundai and Kia Motors for strategic cooperation to develop and supply battery cells for electric vehicles in India.
Exide aims to provide green technology solutions by offering a “Cell to Pack” product portfolio. lithium ion battery. We plan to provide customized module solutions and joint product development with our customers. Exide also focuses on providing competitive costs through strategic raw material sourcing partnerships and manufacturing efficiencies.
They also want to provide solutions for new applications such as data centers, battery energy storage systems (BESS), traction (MHE electrification) and solar rooftops.
The company is focusing on expanding exports and expanding its global presence, especially in developed markets such as the United States and Europe. They plan to expand their distribution network and staffing while simultaneously launching new products with advanced features targeting the international market.
Exide Industries focuses on achieving manufacturing excellence through practices such as LEAN, waste minimization and Industry 4.0 initiatives. They are implementing digitalization initiatives across processes such as integrated business planning, logistics, warehouse management, and sales force efficiency.
conclusion
Exide’s industrial journey reflects its commitment to innovation and reliability. Despite facing challenges in FY23 that led to a decline in ROE, the company’s strong fundamentals and diverse product portfolio position it well for future growth.
We focus on areas such as electric vehicle battery technology. renewable energy Storage solutions respond to evolving market needs. Continued investment in research and development along with strategic expansion into new markets can propel Exide Industries to further solidify its leadership position.
As India’s energy landscape continues to change, Exide Industries is poised to remain a key player. What do you think about the future of Exide? Are you planning on continuing to grow? Let us know your thoughts in the comments below.
Written by Pavunkumar VM
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