By IBTeam Yes, Exide is an Indian brand. It is one of India’s leading battery manufacturers, with a legacy that dates back to its establishment in 1947. Exide has played a pivotal role in the country’s energy and automotive sectors for decades. With its commitment to innovation, and strategic ventures, Exide continues to lead as a trusted and reliable name in energy solutions.
Exide Brand Information
- Founded: 1947
- Founder: Associated Battery Makers (Eastern) Ltd., which later became Exide Industries Limited
- Headquarters: Kolkata, West Bengal, India
- Industry: Energy Storage and Power Solutions
- Key Products: Automotive batteries, industrial batteries, solar batteries, home UPS systems, and inverter batteries
- Market Presence: Exide operates across India and exports to over 60 countries.
Current Status
Exide Industries is a dominant player in the battery manufacturing industry in India, with a strong market presence across sectors, including automotive, industrial, and renewable energy. The brand has consistently innovated, introducing advanced technology and maintaining a vast distribution network.
The company also has joint ventures and partnerships to stay ahead in technology, such as its collaboration with Swiss company Leclanché for lithium-ion batteries, aimed at catering to the electric vehicle (EV) market and renewable energy storage.
- Market Leader: Exide is a dominant player in the Indian battery market, holding a significant market share.
- Diversification: The company has expanded its product portfolio beyond automotive batteries to include industrial batteries, solar inverters, and home UPS systems.
- Global Presence: While primarily focused on the Indian market, Exide has a presence in several international markets.
Future Outlook
Exide is investing heavily in R&D and expanding its product portfolio to align with the shift toward sustainable energy solutions. The company is focusing on lithium-ion batteries and renewable energy storage systems to cater to the rising demand for electric vehicles and eco-friendly power solutions in India and abroad.
- Growth in Renewable Energy: Exide is likely to focus on the growing renewable energy sector, particularly in solar energy storage solutions.
- Technological Advancements: The company will likely invest in research and development to develop advanced battery technologies, such as lithium-ion batteries.
- International Expansion: Exide may explore further expansion into international markets to capitalize on global growth opportunities.