Exide Industries to Invest ₹1,400 Crore in FY27 Expansion of Bengaluru Lithium-Ion Cell Gigafactory
Exide Industries Limited plans to invest approximately ₹1,400 crore during FY27 in its lithium-ion cell manufacturing facility in Bengaluru, operated through wholly owned subsidiary Exide Energy Solutions Limited (EESL). The company had invested ₹4,802 crore in EESL as of March 31, 2026, including ₹1,500 crore during FY26, taking cumulative committed investment toward ₹6,200 crore with the new tranche.
The Bengaluru facility's first phase comprises 6 GWh of annual manufacturing capacity, split equally between 3 GWh of NMC cylindrical cells and 3 GWh of LFP prismatic cells. Management said the cylindrical line is expected to begin customer sample deliveries first, with the prismatic line to follow with product trials. The company has already dispatched initial customer samples and expects the plant to begin contributing to revenue from the third quarter of FY27.
NMC cylindrical cells from the facility are aimed primarily at the electric two-wheeler segment, while LFP prismatic cells target battery energy storage systems, telecom infrastructure, industrial UPS applications and electric buses. The investment is intended to reduce Exide's reliance on imported lithium-ion cells, which the company currently uses in battery packs assembled at its Prantij, Gujarat facility.
The expansion positions Exide to address India's lithium-ion battery market, which management estimates could reach around 130 GWh by 2030 as electric vehicle adoption and battery energy storage deployment expand. The company also continues to grow its traditional lead-acid battery business, targeting revenue beyond ₹20,000 crore within two to three years, up from ₹17,269 crore in FY26.