Currently, the company’s largest markets are electric tricycles and commercial vehicles, as well as home UPS systems, but electronic two-wheelers are rapidly gaining momentum

The joint venture between battery manufacturer Exide Industries and Leclanché – Nexcharge – have started mass production at the largest lithium-ion battery plant in western Gujarat.

JV will also explore options to transfer its experience in the tropical market to other global markets that have the same time and terrain as India. The company is researching markets in Africa, South America and the Middle East for export opportunities.

Stephen Lewis, CEO and CTO, Nexcharge, said: “These are also tropical markets and have the same higher temperature, more shocks and vibrations and higher dust factors that batteries in India have to deal with, so we can look at export options going forward. We design batteries with 95% localization, excluding cells, and this technology is owned, understood and developed by us and we are one of the first companies with this experience in the tropical market. ”

The plant, with a total installed capacity of 1.5 gigawatt-hours (GWh), has six automated production lines that will produce car batteries and energy storage applications, according to a statement from the Nexcharge Joint Undertaking.

The Nexcharge plant, which has six production lines, is currently operating at utilization levels below 50%. “At full capacity you have about Rs 1000 Crore revenue, so without a profitability point around Rs 400 Crore to be able to grow, which will be with a capacity of about 50% recovery (s) will take us a few years about two to four years to reach that capacity, “Lewis said.

Currently, the company’s largest markets are electric tricycles and commercial vehicles, as well as home UPS systems, but electronic two-wheelers are rapidly gaining momentum.

While Nexcharge will not be producing cells in India, JV Exide’s partner will do so through its subsidiary Exide Energy Solutions, which is investing 6,000 crore rupees in a Bengaluru plant to produce lithium-ion cells, modules and packages. .

Exide Industries, Lelanche’s Battery JV Eyeing Global Markets For Exports

Previous articleHow to make a post to share on Facebook
Next articleUber to cut costs, treat hiring as a “privilege”: CEO email