Exide Industries
Exide Industries is expanding in lithium-ion, with Phase I of its 6 GWh cell plant near Bengaluru commissioned and Q1 revenue from operations at ₹5,528 cr (CNBC-TV18, 23 Sept). Heavy capex weighs on returns (NDTV Profit, 4 Aug), and the company still depends on China for cathodes, electrolytes and graphite (NDTV Profit, 16 Aug).
What it means
Exide Industries' scale now pays for itself: room for launches, discounts and dealer incentives.
Reported: Net profit +28% on revenue +17.8% in Q1 FY27. CNBC-TV18,
Watch: Q2 FY27 results, expected late Oct — net profit growth drops below revenue growth.
Before its next results, expected late Oct:Before then:
- Affected
- Mahindra & Mahindra — facing a better-funded Exide IndustriesDo now: By late Oct: defend your strongest catchments: it has profit to spend where it competes with you.
- Exide Industries' component suppliers — a stronger buyer at the tableDo now: By late Oct: expect firmer terms from it; lock volumes and prices.
Latest moves
Our read of each move first, where we have one; what the report said is marked Reported.
Background
From 6 stories, the newest dated 30 Sept 2026. Summary written 14 Oct 2026.
Exide Industries is the parent of Exide Energy Solutions, its wholly owned EV battery subsidiary. [1] source: ET Auto Retail
Show 3 more paragraphs and 6 sources
Exide Energy Solutions is building a lithium-ion cell plant in Bengaluru for EV and stationary energy-storage applications. [2] source: Financial Express
ET Auto Retail reported in September 2026 that Exide Industries infused ₹100 crore into Exide Energy Solutions, raising its cumulative investment to ₹5,202.23 crore. [1] source: ET Auto Retail In August 2026 it invested ₹200 crore in the subsidiary and approved up to ₹1,400 crore more for the Bengaluru greenfield multi-gigawatt plant. [3] source: CNBC-TV18 On September 23, 2026, Exide Energy Solutions commissioned Phase-I of its 6 GWh lithium-ion cell plant at Devanahalli, Bengaluru. [4] source: CNBC-TV18 For FY26, Exide Energy Solutions reported turnover of ₹157.56 crore and a loss after tax of ₹248.16 crore. [4] source: CNBC-TV18 Parent Exide reported Q1 consolidated net profit of ₹351.3 crore, up 28% year-on-year. [4] source: CNBC-TV18
NDTV Profit reported in August 2026 that Exide and Amara Raja remain reliant on China for cathode, electrolyte and graphite, and that Exide targets 50-60% material localisation within two to three years. [5] source: NDTV Profit India is preparing a proposed ₹13,000 crore incentive programme for battery-cell components, addressing supply-chain gaps affecting manufacturers including Exide. [6] source: Business Today
Sources
Questions about Exide Industries
What are Exide Industries' expansion plans?
Exide Industries, through its subsidiary Exide Energy Solutions, commissioned Phase-I of a 6 GWh lithium-ion cell plant at Devanahalli, Bengaluru, on September 23, 2026, for EV and stationary-storage applications. [4] source: CNBC-TV18
How fast is Exide Industries growing in India?
Exide Industries reported Q1 consolidated net profit of ₹351.3 crore, up 28% year-on-year, in a CNBC-TV18 report from September 2026. [4] source: CNBC-TV18
What is Exide Industries' current strategy in India?
Exide Industries approved up to ₹1,400 crore more for its Bengaluru lithium-ion cell plant in August 2026,[3] source: CNBC-TV18 infused ₹100 crore into Exide Energy Solutions in September 2026,[1] source: ET Auto Retail and saw Phase-I of the 6 GWh plant commissioned on September 23, 2026. [4] source: CNBC-TV18
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