Exide Energy commissions Phase I of 6 GWh lithium-ion cell plant near Bengaluru
Exide Energy Solutions has commissioned Phase I of its 6 GWh lithium-ion cell manufacturing facility in Devanahalli, Bengaluru, building domestic capacity for electric-vehicle and stationary energy-storage demand.
What happened
Exide Industries · Exide Energy Solutions commissioned Phase-I of its 6 GWh lithium-ion cell plant at Devanahalli, Bengaluru, expanding domestic supply for EV
Key facts
- 6 GWh
- Phase-I commissioned on September 23, 2026
- Exide Energy Solutions FY26 net worth: ₹3,991.06 crore
- Exide Energy Solutions FY26 turnover: ₹157.56 crore
- Exide Energy Solutions FY26 loss after tax: ₹248.16 crore
- Q1 consolidated net profit: ₹351.3 crore, up 28% year-on-year
- Q1 revenue from operations: ₹5,528.4 crore, up 17.8% year-on-year
- Q1 EBITDA: ₹621 crore, up 15.5% year-on-year
- Q1 EBITDA margin: 11.2%
- Share price: ₹426.65, down 0.64%
Why this matters
Exide’s domestic cell plant strengthens its position across the battery value chain and may make it a more consequential partner or competitor in Indian EV and storage ecosystems.
What to watch
- Named customer wins, especially with high-volume two-wheeler, commercial-EV or stationary-storage buyers.
- Actual Phase I output, yield rates, product chemistry and timeline for full 6 GWh capacity utilization.
- Automotive-grade certification milestones and OEM battery-platform qualification announcements.
- Indian battery-cell import duties, PLI disbursements and domestic-content rules.
- Lithium and cathode-material prices, INR exchange rates and availability of localized component suppliers.
- Large grid-storage tenders, renewable-plus-storage awards and telecom backup-power deployments.
- Competitive capacity additions from Indian and international cell manufacturers.
- Pursue multi-year cell offtake agreements with Indian EV OEMs, fleet operators and energy-storage integrators.
- Build local pack, BMS and thermal-management partnerships to offer qualified battery systems rather than commodity cells alone.
- Secure lithium, cathode-active-material and separator supply contracts to reduce input-price and import disruption risk.
- Seek production-linked incentives, state support and renewable-power procurement to improve cell economics.
- Expand battery recycling and materials-recovery capabilities to create a future domestic secondary-materials supply loop.