openPR Logo
Press release

Exide Industries Takes Lead in Lithium-ion Battery Market with Strong Customer Connect and Impressive Order Book: Ken Research

11-20-2023 11:47 AM CET | Advertising, Media Consulting, Marketing Research

Press release from: Ken Research Pvt .Ltd

Exide Industries Takes Lead in Lithium-ion Battery Market with

Exide Industries leads in lithium-ion batteries, with strong customer relationships and a Rs 600-700 crore order book. Joint ventures and a multi-gigawatt cell manufacturing plant further bolster their market position.

Storyline

Exide Industries leads in customer engagement.
Current order book worth Rs 600-700 crore.
Joint venture with Leclanché SA for lithium-ion batteries.
As per Ken Research, the initiative has received mixed reactions from industry experts.

1. What's it all about?
Exide Industries, a major storage battery player, feels that it is ahead of its competitors in the lithium-ion battery business, particularly in terms of customer relationships. With an order book worth Rs 600-700 crore, the company's module and pack making facility is set to fulfill orders from two-wheelers, three-wheelers, commercial vehicles, and telecom OEMs over the next 12-15 months. Additionally, the company's collaboration with Leclanché SA and its establishment of a multi-gigawatt lithium-ion cell manufacturing plant further solidify its position in the market.

Global Battery Market Trends:- https://www.kenresearch.com/industry-reports/automotive-battery-brand-in-india

2. What else to showcase the USP?
The company also formed a joint-venture with Switzerland-based Leclanché SA & has been making lithium-ion batteries modules and packs in Gujarat. The collaboration was done in June, 2018, in a bid to foray into lithium-ion battery systems and energy solutions, eyeing India's EV market.

Moreover, setting-up of a green-field multi-gigawatt lithium-ion cell manufacturing plant in Karnataka is also on the plates for Exide. For this, the company has entered into a multi-year technical collaboration agreement with China's SVOLT Energy Technology.

Click to know Battery Market Dynamics:- https://www.kenresearch.com/industry-reports/automotive-battery-brand-in-india

3. A mixed reaction from Industry Experts?
The company has tied up with SVOLT for Li-ion manufacturing and is already in discussion with 2W, 3W, CV and Telecom OEMs. However, as domestic PV OEMs have already tied-up with other companies for the procurement of EV cells, the company's addressable market size is anticipated to be limited. We have assumed Li-ion battery business revenues of Rs1700 crore and EBITDA margin of 5% in FY2026," Kotak Institutional Equities said in its report on Exide.

"Although Exide Industries will be foraying into the EV battery space over the coming years, it needs to secure orders from OEMs. Given limited opportunity in the EV PV segment, the company will have to win orders in other segments. The valuation remains fair at the current juncture and a re-rating of the stock will depend on its ability to transition to lithium-ion technology," the domestic brokerage firm noted.

Unit 14, Tower B3, Spaze I Tech Business Park, Sohna Road, sector 49 Gurgaon, Haryana - 122001, India

Based out of India, Indonesia and UAE. Since 2011, we have been assisting clients globally with our Syndicate and Bespoke Market Research and Advisory Services.

Our Solutions are driven by qualitative and quantitative evaluation of markets across diverse Sectors and Geographies. We assist clients in their objectives related to market entry, product pricing, Product-fit evaluation, competition benchmarking, forecasting business planning and financial planning.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Exide Industries Takes Lead in Lithium-ion Battery Market with Strong Customer Connect and Impressive Order Book: Ken Research here

News-ID: 3293624 • Views:

More Releases from Ken Research Pvt .Ltd

Workday Inc. boosts its performance to give ample competition for the top ranking
Workday Inc. boosts its performance to give ample competition for the top rankin …
Being a Cloud-Based vendor in Human Capital Management, financial management and others, leading for a broad reach out with different goals set out for promising growth. STORY OUTLINE With the presence of cloud based and digitized solutions, Workday upgrades itself on a quick succession. With technological innovation, Workday Inc. quickly propelled upwards. Focusing mainly on people centricity, Workday Inc. receives increase in employee retention. With User Training and Support, assisted with Integration Availabilities, makes working
US Bio-Stimulate Market Analysis: Growth, Trends, and Future Outlook (2022-2029)
US Bio-Stimulate Market Analysis: Growth, Trends, and Future Outlook (2022-2029)
What is the Size of US Bio-stimulate Industry? US Bio-stimulate Market is expected to grow at a CAGR of ~ % in 2022 and is expected to reach ~USD Mn by 2029. Increasing awareness about environmental conservation and the need for sustainable farming practices drives the demand for bio stimulants. These products offer a means to enhance crop productivity while reducing the environmental impact of chemical inputs. Bio stimulants are known to improve
Top 4 players in US Expandable Polystyrene (EPS) Market
Top 4 players in US Expandable Polystyrene (EPS) Market
STORY OUTLINE Flint Hills Resources: Championing innovation and excellence by putting focus on four pills; Innovation, People & Communities, Environment, Health & Safety. NexKemia: Becoming a technical and service leader by producing Expandable Polystyrene products since 2008. The Dow Chemical Company: Maximizing long term value per share by becoming the most respected and valuable science company in the world. Alpek S.A.B. de C.V.: In the field of making Expandable Polystyrene since 1875 with presence
Unveiling Dynamics and Growth Trends in the UK Parking Management Market
Unveiling Dynamics and Growth Trends in the UK Parking Management Market
What is the Size of UK Parking Management Industry? UK Parking Management Market is expected to grow at a CAGR of ~ % in 2022 and is expected to reach ~USD Mn by 2028. The Parking Management market has been experiencing robust growth, driven by a convergence of factors. Increasing urbanization and population growth result in higher demand for parking spaces in both residential and commercial areas. Additionally, the growing number of vehicles,

All 5 Releases


More Releases for Exide

Global Battery For Railways Market Research Report 2019 | EnerSys, Exide India L …
Lead acid batteries start and power trains and rapid rail systems. The features and benefits of these specially designed batteries for the railway industry include the Low antimony alloys for reduced maintenance and longer life. Request for discount@ https://www.researchtrades.com/discount/1670847 The recent years have witnessed a constant focus on reducing fuel import which has resulted in the rise in railway electrification projects. Also, diesel engines are not economical, they have high maintenance costs,
What's driving the Railway battery Market growth? Key Players are: EnerSys, Exid …
Railway battery Market Insights 2019, Global and Chinese Scenario is a professional and in-depth study on the current state of the global Railway battery industry with a focus on the Chinese market. The report provides key statistics on the market status of the Railway battery manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry. Overall, the report provides an in-depth insight
Marine Battery Market Poised for Further Growth: Top Players Shaping Industry: E …
Global Marine Battery Market Research Report 2019. The research report presents a comprehensive assessment of the Marine Battery Market and contains thoughtful insights, facts, historical data, and statistically supported and industry validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to categories such as market segments, geographies, type of product and deal landscapes. Request Sample Copy Of
Sport Bike SLI Battery Market Is Thriving Worldwide | GS Yuasa, Exide Technologi …
A new research study from HTF MI with title Global Sport Bike SLI Battery Market Insights, Forecast to 2025 provides an in-depth assessment of the Sport Bike SLI Battery including key market trends, upcoming technologies, industry drivers, challenges, regulatory policies, key players company profiles and strategies. The research study provides forecasts for Sport Bike SLI Battery investments till 2022. Access Sample Copy @: https://www.htfmarketreport.com/sample-report/1391049-global-sport-bike-sli-battery-market-4 If you are involved in the Sport Bike
Global Submarine Battery Market 2019 - Exide Technologies, , Zibo Torch Energy C …
This new report by Eon Market Research, titled “Global Submarine Battery Market 2019 Research Report, 2015 – 2025” offers a comprehensive analysis of Submarine Battery industry at a global as well as regional and country level. Key facts analyzed in this report include the Submarine Battery market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025. This report primarily focuses on the study
Global Submarine Battery Market 2019 Top Key Players: EnerSys, Systems Sunlight …
Summary WiseGuyReports.com adds “Submarine Battery Market 2019 Global Analysis, Growth, Trends and Opportunities Research Report Forecasting to 2024” reports to its database. This report provides in depth study of “Submarine Battery Market” using SWOT analysis i.e. Strength, Weakness, Opportunities and Threat to the organization. The Submarine Battery Market report also provides an in-depth survey of key players in the market which is based on the various objectives of an organization such as