Endurance Technologies is setting up a new manufacturing facility for which a capex outlay of around Rs 47.30 crore is envisaged. The plant is being set up by the company at Mindewadi, Taluka Maval, District Pune, Maharashtra to manufacture Lithium Ion Battery Packs of various configurations suitable for mobility applications and for battery energy storage systems for other applications. Proposed capacity addition is around 35,000 packs per month. The proposed capacity shall be added in phases beginning from Q4 of the financial year 2025-26.
The company is setting up the manufacturing facility and launching the Battery Packs as a new product line for mobility, energy storage and other applications to meet the growing demand in those sectors. The new product launch extends the product offering of the company which is currently served by its subsidiary, Maxwell Energy Systems, which designs, develops and supplies robust battery management systems for various applications. This is a strategic initiative by the company and is an important commitment to include in its portfolio, products promoting sustainability in mobility and other applications.
Endurance Technologies is among one of the largest auto-components companies in India.
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| Bosch | 36606.15 |
| UNO Minda | 1072.50 |
| CIE Automotive India | 483.45 |
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