Exide Industries to supply lithium-ion battery to Indian Electric Two- wheeler OEMS

After forging partnerships with Hyundai and Kia, Exide Industries Ltd is now engaging with electric two-wheeler manufacturers in India to supply lithium-ion batteries.

Arun Mittal

Exide Energy Solutions Ltd (EESL) Managing Director and Chief Executive Officer told

We are in active discussions with two-wheeler manufacturers who have an electric wheel programme. These discussions are at various stages for the supply of cells.

EESL is establishing a giga factory in Bengaluru, set to commence operations in 2025 with an initial production capacity of 6 GWh. This capacity is planned to double to 12 GWh.

EESL and the Bengaluru Giga Factory

In the initial phase, the project will have a capacity of 6 GWh, divided equally between Nickel Manganese Cobalt (NMC) and Lithium Iron Phosphate (LFP) batteries.

EESL and the Bengaluru Giga Factory

Hyundai and Kia have partnered with Exide Industries to supply locally produced lithium iron phosphate (LFP) batteries for their future EVs in India.

Partnership with Hyundai and Kia

Exide Industries has invested Rs 2,300 crore in its lithium-ion cell business and plans to invest an additional Rs 1,000 crore this year in its lithium-ion subsidiary.

Investment