Exide Industries to grow exports by taking advantage of trade deals

Kolkata: India's largest storage battery maker Exide Industries plans to ramp up its exports to the EU and the US, taking advantage of the India-EU free trade agreement as well as the lowering of tariffs by US President Donald Trump.

Exide managing director Avik Kumar Roy Tuesday said the company is looking at Rs 400-500 crore incremental exports in FY27 over the current base of Rs 1,600 crore, which translates into a 25% annual growth.

"We plan to export storage batteries for the premium car segment in the western markets," Roy said.


In a post-earnings analyst call Tuesday, the Exide management announced an exclusive arrangement with a European partner, which would boost the company's market access in the European region.

Share of exports in Exide's earnings came down to 5-7% of the total revenue as opposed to 8-10% earlier during the high tariff period.

Roy said the company now aims to regain the share in a year's time.

The Kolkata-based battery maker plans to export absorbent glass mat (AGM) battery range and forklift batteries to the US and the EU.

It has recently unveiled the advanced AGM battery range for the local automotive replacement market for modern, high-end passenger vehicles. The company is expecting the India-EU trade deal to propel growth in the premium car segment.