Exide Industries Invests ₹65 Crore in Arm Exide Energy Solutions to Expand EV Battery Business

Exide Industries Limited (EIL), India’s leading storage battery manufacturer, has infused ₹65 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue to strengthen its capital base. The investment aims to accelerate expansion in the lithium-ion battery manufacturing space, supporting India’s growing electric mobility and energy storage ecosystem.

Fresh Infusion and Subsidiary Performance

Under the rights issue, Exide subscribed to 1.62 crore equity shares of ₹10 each at a premium of ₹30 per share, aggregating to ₹65 crore. With this latest funding, Exide’s total investment in EESL now stands at ₹3,947.23 crore, including earlier capital infusions and merged entities. 

Established in March 2022, EESL focuses on manufacturing and selling lithium-ion cells, modules, and battery packs for both the electric vehicle (EV) and stationary storage markets. Despite reporting a loss of ₹209.12 crore in FY25, the subsidiary posted a revenue of ₹116.89 crore, signalling progress as operations scale. Its net worth stood at ₹2,738.06 crore as of March 31, 2025, with a paid-up share capital of ₹1,290.46 crore.

Strategic Focus on EV Growth and Energy Transition

The capital infusion aligns with Exide’s long-term strategy to fortify its footprint in the new-age energy storage and EV battery manufacturing sector. EESL is developing advanced lithium-ion technologies across cylindrical, pouch, and prismatic cell formats, positioning itself as a key player in India’s clean energy transformation. 

The investment will support domestic production capacity, innovation in battery chemistry, and integration of module and pack assembly lines to meet rising demand. As part of its expansion roadmap, Exide aims to leverage EESL’s facilities to strengthen India’s self-reliance in energy storage under the government’s Atmanirbhar Bharat vision.

Read More: Honda Motor Invests in OMC Power to Build Clean Energy Batteries in India!

Exide Industries Share Price Performance

As of October 29, 2025, at 9:50 AM, Exide Industries share price is trading at ₹383.70 per share, reflecting a gain of 0.79% from the previous closing price.

Conclusion

Exide’s latest ₹65 cr capital infusion underlines its continued commitment to the EV battery value chain. By scaling up operations at EESL, the company is strategically positioned to drive India’s transition towards electrified mobility and sustainable energy solutions.

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