Kolkata: Exide Industries is positioning itself for India's energy transition through a calibrated expansion into lithium-ion cell manufacturing while retaining confidence in the long-term relevance of its core lead-acid battery business.
In his message to shareholders in the latest annual report, Chairman Sridhar Gorthi said the battery maker's investment in wholly-owned subsidiary Exide Energy Solutions Ltd (EESL) should be viewed as a long-term strategic move to build domestic lithium-ion manufacturing capability.
