Exide Industries Ltd. is one of the largest battery manufacturers in India with the widest range of Automotive, Industrial and Submarine batteries. It is the leader in both organized automotive and industrial segments in India and the only company providing batteries to the Indian Navy. Currently, the Company has a domestic market share of 45% in Industrial, 72% in Auto OEM and 73% in replacement auto segments. Apart from its domestic leadership, it is also one of the largest power storage solution company in South-East Asia.
The company has an impressive past and has clocked good growth rates in its financials. Also, in the recent economic crisis, when the auto industry was hit the most, Exide yet managed to register robust growth rates.
So, what has helped the company maintain its leadership position and is it charged up for the future?