Exide Industries is reportedly planning to invest Rs 1400 crore to boost technology and capacity augmentation over the next two years. The company will spend half of the amount on adding a 1 million pieces-a-year automotive battery production line at Haldia, using mechanized punch-grid technology procured from East Penn of the US. The first phase of this project will be completed in January-March 2017. The company currently has the capacity to produce 12.2 million batteries a year.
Exide Industries manufactures the widest range of storage batteries in the world from 2.5 Ah to 20,400 Ah capacities, covering the broadest spectrum of applications. It is India’s largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country.
