Exide Strengthens EV Play with ₹450 Cr Capital Infusion into Battery Arm

has infused ₹450 crore into its wholly owned subsidiary Exide Energy Solutions through a rights issue, reinforcing its strategic push into the fast-growing lithium-ion battery and electric vehicle (EV) ecosystem, while maintaining its 100% shareholding in the subsidiary; this investment is part of its broader capital allocation strategy toward building advanced cell manufacturing capabilities, with the subsidiary focusing on producing lithium-ion cells, modules, and battery packs for EVs and stationary storage applications, alongside ongoing efforts to scale up its greenfield manufacturing facility, indicating a continued long-term commitment toward energy transition and domestic battery production, as the company steadily increases its cumulative investment in this segment to strengthen its position in India’s evolving clean energy and EV supply chain.