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Last month, Exide joined forces with two South Korean auto majors Hyundai Motor Company (HMC) and Kia Corporation for electric vehicle battery localization in the country.
Indian battery-maker Exide Industries beat fourth-quarter profit expectations on Tuesday, helped by higher demand in its automotive and industrial products segments. WHY IT'S...
Corporate margins and profits in India remain vulnerable to changes in crude oil prices in the international market. Historical quarterly data from listed companies (excluding banks, finance and insurance, oil and gas, and power sectors) indicate an adverse correlation between corporate margins and crude oil prices.
EV adoption is still low in India, and so the EV battery market's prospects, its ability to absorb this new capacity remain uncertain
The answer depends on what kind of investor you are.