Exide Industries to Invest ₹1,400 Crore in Bengaluru Lithium-Ion Cell Plant During FY27

Exide Industries has announced plans to invest around ₹1,400 crore during the current financial year to accelerate the first phase of its greenfield lithium-ion cell manufacturing project in Bengaluru. The investment marks another significant milestone in India’s efforts to strengthen domestic battery manufacturing and reduce dependence on imported lithium-ion cells for the rapidly expanding electric mobility sector.

The company revealed that it has already invested nearly ₹4,800 crore in developing the Bengaluru manufacturing facility, which is expected to play a key role in India’s clean energy and electric vehicle ecosystem.

Speaking after the company’s Annual General Meeting, Managing Director and CEO Avik Roy said commercial revenue from the Bengaluru facility is expected to begin flowing from the third quarter of FY27. The initial production will replace imported lithium iron phosphate (LFP) cells currently used at Exide’s Gujarat battery pack plant that caters to the three-wheeler electric vehicle segment.

The company also plans to expand its product portfolio by the end of the financial year. Exide expects to begin supplying lithium-ion battery cells for selected two-wheeler battery pack applications while also delivering nickel manganese cobalt (NMC) cells to original equipment manufacturers, subject to regulatory approvals and successful homologation.

The Bengaluru project forms an important part of Exide Industries long-term strategy to establish indigenous lithium-ion cell manufacturing capabilities. As India’s electric vehicle market continues to expand, domestic battery production is expected to improve supply chain resilience, reduce import dependency and support the government’s manufacturing ambitions.

Industry experts believe investments in advanced battery manufacturing will play a crucial role in strengthening India’s energy storage ecosystem while supporting sectors such as electric mobility, renewable energy integration and grid-scale storage solutions.

With large-scale investments already underway, the Bengaluru lithium-ion cell plant is expected to emerge as one of India’s important battery manufacturing facilities, supporting growing demand from electric vehicle manufacturers and energy storage companies. The project also reflects the broader shift towards localisation of advanced battery technologies as India positions itself as a global manufacturing destination for clean energy solutions.