Exide Industries cut battery prices by 2-5%. Back in July, the company in a bid to offset rising input costs had hiked the prices of its automotive batteries by 5-6%. The company has been facing pressure on its margins due to the depreciating rupee. However, with Indian currency retreating to 62.50/$, the company has gone ahead and slashed rates .
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. EIL is India’s largest producer of automotive and industrial batteries, with seven manufacturing plants strategically located across the country
