Exide Industries Share Price Surges; Completes Commissioning Phase-I of Lithium-Ion Cell Facility

Exide Industries has reached an important stage in its battery manufacturing plans, with Exide Energy Solutions Limited (EESL) completing Phase-I of its lithium-ion cell facility in Devanahalli, Bengaluru. The first phase has a capacity of 6 GWh and was commissioned on September 23, 2026.  

The facility will manufacture advanced lithium-ion cells, with the production setup covering different cell chemistries and form factors. The company said this will allow EESL to address requirements across mobility and energy storage applications.  

6 GWh Phase-I Now Commissioned 

The first phase of the project is now commissioned with a planned manufacturing capacity of 6 GWh. It is located at Devanahalli in Bengaluru, Karnataka. 

The commissioning was completed on September 23, 2026, marking the latest step in EESL's lithium-ion cell manufacturing setup.  

Different Cell Chemistries and Formats 

EESL's facility is being set up to manufacture lithium-ion cells using multiple chemistries and form factors. 

This gives the manufacturing unit a wider product scope, with the cells intended for both mobility-related uses and energy storage applications.  

Devanahalli Facility Takes Shape 

The facility is being established by Exide Energy Solutions, a material subsidiary of Exide Industries. 

The announcement focuses on the completion of Phase-I and its manufacturing capabilities. It does not give details of the facility's project cost, customer base, expected revenue or future production guidance.  

Focus on Mobility and Storage Applications 

The cells produced at the facility are intended to serve a range of mobility and energy storage requirements. The use of multiple chemistries and form factors is part of the manufacturing setup planned for these applications. 

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Exide Industries Share Price Performance  

As of 24 September 2026, at 10:43 AM, Exide Industries Limited share price is trading at ₹431.20 per share, reflecting a surge of 1.23% from the previous trading session. 

Conclusion 

With Phase-I now commissioned, EESL has completed the first 6 GWh stage of its lithium-ion cell manufacturing facility in Bengaluru. The unit is designed to produce cells across multiple chemistries and formats for mobility and energy storage applications.  

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