Exide Industries
 | A major contributor to this article appears to have a close connection with its subject. (October 2023) |
 | |
| Company type | Public |
|---|---|
| ISIN | INE302A01020 |
| Industry | |
| Founded | 1947 |
| Headquarters | Exide House, , India |
Area served | Worldwide |
Key people |
|
| Revenue |  ₹16,029 crore (US$1.9 billion) (2023-24) |
| ₹1,871 crore (US$220 million) (2023-24) | |
| ₹1,053 crore (US$130 million) (2023-24) | |
| Subsidiaries |
|
| Website | www |
Exide Industries Limited (Exide) is an Indian multinational storage battery manufacturing company, headquartered in Kolkata, India. It is the largest manufacturer of lead-acid storage batteries and power storage solutions provider in India.
The company has ten international standard factories spread across five states in the country, out of which 8 factories are dedicated to lead-acid batteries and two factories manufacture Home UPS Systems. The factories are located in Ahmednagar, Chinchwad and Taloja in Maharashtra, Haldia[1] and Shyamnagar in West Bengal, Roorkee and Haridwar in Uttarakhand, Hosur in Tamil Nadu, Bawal in Haryana, and Prantij in Gujarat.
Exide also has manufacturing facilities in Sri Lanka, UK and Singapore and does business globally through its subsidiaries and international affiliates.[2]
Exide exports its batteries to more than 60 countries across the globe. It has a strong 95,000+ distributor & dealer / sub-dealer network.[3][4]
The Company has forayed into the manufacturing of lithium-ion cells along with modules and packs through its subsidiary, Exide Energy Solutions Limited (EESL), under which it is setting up a plant in Bengaluru, Karnataka to cater to India's EV market as well as stationary applications. EESL is setting up a 12 gigawatt-hour (GWH) green-field cell manufacturing plant in two phases of 6 GWH each. Presently, EESL is engaged in the production, assembly, and sale of lithium-ion battery modules and packs, through its operating plant based out of Prantij, Gujarat.[5][6][7][8][9]
Exide through its wholly owned subsidiary, Chloride Metals Limited, operates 3 modern lead recycling facilities in the state of West Bengal, Maharashtra and Karnataka.[10]
History
[edit]In India, as in many other erstwhile colonies of Great Britain, Exide batteries were imported for many years before the Chloride Electrical Storage Company (CESCO) was finally set up in 1920. It started only as an assembling and manufacturing facility and the first manufacturing unit was set up in Shyamnagar, West Bengal in 1947. This marked the momentous entry of Associated Battery Makers Eastern Limited (ABMEL) in the Indian industrial scenario.
For road vehicles, ABMEL's principal brands were Exide and Dagenite (used by Rolls Royce) but the Company was changing its course on other tracks too. Exide "Iron Clad" batteries powered the Railways and in 1963, following the Chinese aggression, the company doubled its production of special defence batteries. The same year saw the manufacture of large stationary batteries for railway track electrification.
The rapid rate of expansion was seen with the establishment of a second factory in 1969 at Chinchwad, Maharashtra to cater to the growing demand for automobile batteries and was strategically established near automobile Original Equipment Manufacturers (OEMs).[citation needed]
Products
[edit]Exide’s product range includes batteries that are used in automotive, industrial, inverter, and home UPS applications. Automotive batteries are used for SLI application across 2-wheelers, 3-wheelers, and 4-wheelers (Cars, Jeeps, Buses & Trucks) as well as for primary power sources in E-rickshaws. In Industrial, usage is across a gamut of applications in segments such as power (both conventional and renewable), telecom, infrastructure projects, IT/ITES industries, railways, mining, and defence sectors. Exide is also present in the battery energy storage business where it designs and integrates power generated through renewables for use in remote areas of the country. Also, Exide supplies submarine batteries to the Indian Navy.[11][12][13][14]
Research and Development
[edit]The company’s Research and Development Centre in Kolkata, West Bengal was established in 1976.
Also, Exide’s R&D has partnerships with entities such as Moura Batteries in Brazil, Furukawa Battery in Japan, East Penn in the USA, Advance Battery Concepts in the USA, and SVOLT Energy Solutions Company Ltd in China (for Lithium-ion Cell Manufacturing).[citation needed]
Subsidiaries
[edit]- Chloride Metals Ltd. (CML)
- Chloride International Ltd. (CIL)
- Chloride Batteries S.E. Asia Pte Ltd (CBSEA)
- Espex Batteries Ltd (ESPEX)
- Associated Battery Manufacturers (CEYLON) LTD. (ABML)
- Exide Energy Private Ltd. (EEPL)
- Exide Energy Solutions Ltd. (EESL)
Relationship between Exide Industries and Exide Technologies
[edit]Chloride Electric Storage Co. Ltd. (CESCO) was the United Kingdom–based division of the United States–based Electric Storage Battery Company (ESBC), a predecessor to today's Exide Technologies. In 1947, ESBC was forced to sell off CESCO following the decisions of a United States district court, and CESCO held the "Exide" trademark in the UK, and later sold batteries under the Exide name in India. In 1991, CESCO's successor, Chloride Group plc, fully divested its trademark in India and battery manufacturing operations to its current management.[15] In 1997, Exide Industries filed a lawsuit against Exide Technologies of the United States when the latter tried entering the Indian market, and both companies entered a prolonged legal battle that was heard by the Delhi High Court, which led to a 2012 verdict that Exide Industries was the legal owner of the Exide trademark in India.
An appeal was filed and in 2017, it was ruled that while Exide Industries was the trademark owner in India, Exide Technologies held the goodwill of the "Exide" name and both companies had a legitimate claim to use of the name in the Indian market. A further appeal from the Indian company that went to the Supreme Court of India led to a stay of the verdict, however, there was a restraining order on the use of the "Exide" name from the American company until the final verdict. Both parties settled in 2017, with an out of court settlement from Exide Industries to Exide Technologies, terms being that Exide Technologies waives any rights to the "Exide" trademark in India in perpetuity.[16]
References
[edit]- ^ Indiablooms. "WB Chief Minister inaugurates Exide Industries new plant in Haldia | Indiablooms - First Portal on Digital News Management". Indiablooms.com. Retrieved 4 September 2023.
- ^ Weerasooriya, Sahan (9 March 2022). "Browns Introduces Exide Matrix – The Battery that Powers the Future". Retrieved 4 September 2023.
- ^ "Exide eyes new mkts to skirt impact". The Times of India. 9 August 2023. ISSN 0971-8257. Retrieved 4 September 2023.
- ^ Roy, Shobha (6 September 2022). "Exide Industries to ramp up exports to meet their growing demand". BusinessLine. Retrieved 4 September 2023.
- ^ "Exide, Chinese firm to make Li-ion EV batteries in India". www.fortuneindia.com. 1 March 2022. Retrieved 4 September 2023.
- ^ Bureau, BL Kolkata (22 September 2022). "Exide Industries to invest ₹6,000 crore on Lithium ion cell unit". BusinessLine. Retrieved 4 September 2023.
{{cite web}}:|last=has generic name (help) - ^ "Nexcharge starts making lithium-ion battery packs in Gujarat". Autocar Professional. Retrieved 4 September 2023.
- ^ Livemint (5 May 2022). "Nexcharge starts Li-ion battery packs and modules production for EV market". mint. Retrieved 4 September 2023.
- ^ Bureau, BW Online. "Exide Begins Production At India's Largest Lithium-ion Battery Plant With Leclanche". BW Businessworld. Retrieved 4 September 2023.
{{cite web}}:|last=has generic name (help) - ^ "Exide Industries commences production at new facility of battery recycling in West Bengal". indiainfoline.com. Retrieved 4 September 2023.
- ^ "10 finest Exide tubular batteries to boost your inverters". HT Affiliate. Retrieved 4 September 2023.
- ^ Editorial (20 January 2023). "WT Kolkata creates series of films for Exide on how everyday can be a sunday". MediaNews4U. Retrieved 4 September 2023.
- ^ "Exide enters EV business in India". Autocar Professional. Retrieved 4 September 2023.
- ^ "Exide Industries forays into e-rickshaws, launches 'Exide Neo'". The News Minute. 17 October 2019. Retrieved 4 September 2023.
- ^ "Exide Technologies vs Exide Industries Ltd. And Ors. on 2 August, 2016". Retrieved 9 July 2019.
- ^ "Exide Industries Limited vs. Exide Corporation, U.S.A. & Ors. | Khurana and Khurana".
- Motor vehicle battery manufacturers
- Consumer battery manufacturers
- Manufacturing companies based in Kolkata
- Indian brands
- Indian companies established in 1947
- 1947 establishments in West Bengal
- Manufacturing companies established in 1947
- Companies listed on the National Stock Exchange of India
- Companies listed on the Bombay Stock Exchange