The company offers automotive, industrial, genset, solar, inverter, UPS, and submarine batteries, alongside lithium-ion batteries, recycled lead products, and energy storage solutions. It has a presence in over 60 countries with approximately 8% of standalone revenue from international business.
Cyborg Score Rationale
Market leader in India's battery sector with diversified product portfolio spanning automotive and industrial applications. Strategic expansion into renewables and lithium-ion technologies positions the company for growth, though facing sector-wide margin pressures and competition.
Top Insights
Planning to increase revenue from lead-acid battery business to around Rs 20,000 crore over the next couple of years
In FY25, onboarded 14 new distributors for automotive batteries and 28 accounts for industrial batteries
Strategic agreement with Hyundai Motor India through subsidiary Exide Energy Solutions Ltd boosted investor confidence
R&D partnerships with global battery leaders including Furukawa (Japan), East Penn (USA), and SVOLT Energy (China) for lithium-ion development
Named Competitors
Amaron Batteries — Automotive and industrial battery manufacturer
Luminous Power Solutions — UPS and solar battery solutions
Exide Technologies — Global competitor in markets outside India
Recent Developments
(January 2026) Investment of ₹299.99 crore in subsidiary Exide Energy Solutions Limited for capacity expansion
(2025) Strategic partnership with Hyundai Motor India for battery supply
(FY25) International network expansion with 42 new distributor/account acquisitions across automotive and industrial segments
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