Exide Industries, one of India’s top battery manufacturers, is in the final stages of discussions with two leading two-wheeler companies and a major three-wheeler player to supply batteries, according to updates shared during an investor call on 6 May.
The company also provided fresh insights into its strategic partnership with Hyundai Motor India. Product development is already underway as part of the collaboration, which was formalised in December 2024 through a binding agreement between Hyundai and Exide’s subsidiary, Exide Energy Solutions.
This deal is set to make Hyundai the first automaker in India to use domestically manufactured battery cells in its electric vehicles, boosting localisation and cost-efficiency.
In addition, Exide confirmed it is currently supplying auxiliary batteries to electric two- and four-wheeler OEMs. As urbanisation fuels greater demand for electric mobility, the company is seeing a surge in interest for advanced battery solutions. Looking ahead, Exide plans to introduce new products tailored for commercial vehicles, e-rickshaws, and inverter systems.
Beyond mobility, Exide is positioning itself as a key player in the clean energy space. The company intends to roll out comprehensive rooftop solar solutions, which it believes will become a significant revenue stream. With the Indian government targeting 500 GW of renewable energy by 2030 and 40 GW from rooftop solar by 2026, Exide expects a substantial growth opportunity in this segment.
The rising consumer demand for reliable and uninterrupted power supply has also been identified as a major driver of future growth.
Exide highlighted four overarching trends that are shaping its long-term strategy:
- Growing demand for mobility solutions
- Rapid expansion of data centres
- Increased automation in transport and warehousing
- Rising investments in power, telecom, and urban infrastructure
These trends are expected to steer the company’s innovation and expansion efforts as it strengthens its presence across emerging and global markets.
Unlock profitable opportunities every day! Unicorn Signals provides actionable intraday trading signals for stocks and futures. Don’t miss out – download Unicorn Signals and start winning now!
