By the end of 2024–2025, Exide Industries expects to have the first phase of its Bangalore lithium-ion cell manufacturing facility operational.

The first phase of the Rs 6,000 crore project would have a 6 GWh (gigawatt hour) capacity. 12 GWh is the overall project capacity.

The construction of the greenfield lithium-ion cell manufacturing project at Bangalore is going on in full swing and we expect to commence phase 1 by the end of next year (FY 2024-25),” Subir Chakraborty, MD and CEO of Exide Industries, said in response to shareholders’ query at the company’s annual general meeting.

All critical hiring of senior management and middle management is largely in place,” he added.

The company is bullish on the prospects of lithium-ion even as the country may have a multi-chemistry energy mix in the future.