Exide Industries has invested ₹200 crore in its wholly owned subsidiary Exide Energy Solutions to support the development of a 12 GWh lithium-ion cell manufacturing facility in Bengaluru. The investment strengthens its plans to expand domestic battery manufacturing for electric mobility and stationary energy storage.
Exide Industries has invested ₹200 crore in its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), to support the development of its greenfield multi-gigawatt lithium-ion cell manufacturing facility in Bengaluru. The latest capital infusion strengthens the company’s plans to establish domestic battery manufacturing capabilities for electric mobility and stationary energy storage applications.
The investment was made through a rights-based subscription to EESL’s equity share capital. Exide Industries subscribed to 57,142,857 equity shares at ₹35 per share, comprising a face value of ₹10 and a premium of ₹25 per share.
With the latest investment, Exide Industries’ cumulative investment in EESL has increased to approximately ₹5,102 crore. The subsidiary is responsible for developing the company’s lithium-ion battery manufacturing business, including cells, modules and battery packs.
EESL is developing a 12 GWh greenfield lithium-ion cell manufacturing facility in Bengaluru in two phases of 6 GWh each. The facility is intended to cater to growing demand for batteries from electric vehicle manufacturers and stationary energy storage applications.
The latest funding follows an investment of ₹450 crore made by Exide Industries in EESL in March 2026. The earlier infusion was also directed towards financing the Bengaluru manufacturing facility and supporting the subsidiary’s expansion plans.
The development comes as India seeks to strengthen domestic battery manufacturing and reduce dependence on imported cells. Rising electric vehicle adoption and the rapid expansion of renewable energy are expected to drive demand for locally manufactured lithium-ion batteries over the coming years.
Battery energy storage is also emerging as a major growth market as India expands its solar and wind capacity. Domestic cell manufacturing could support the development of utility-scale battery energy storage systems (BESS) while strengthening supply chains for renewable energy integration and grid flexibility.
For Exide Industries, the investment represents a continued expansion into advanced battery technologies beyond its established lead-acid battery business. The company’s lithium-ion manufacturing plans are expected to strengthen its presence across electric mobility and stationary energy storage while contributing to India’s domestic battery ecosystem.
As the Bengaluru facility progresses towards commercial-scale production, Exide Industries’ continued investment is expected to support the development of local lithium-ion cell manufacturing capacity and India’s broader transition towards electric mobility and renewable energy.