Kolkata, West Bengal
Ltd, India’s largest lead-acid battery maker, mentioned that it might soon
start manufacturing Advance Cell Chemistry batteries, also called lithium-ion
batteries. The company will decide after details on the Productivity Linked
Incentive (PLI) Scheme on batteries are revealed.
government’s latest PLI scheme on batteries has an outlay of Rs 181 billion.
The scheme intends to establish a 50-GigaWatt Hour (GWh) of advanced cell
chemistry and 5 GWh of niche advanced cell chemistry.
Chakraborty, MD & CEO, Exide, said that it would balance its existing
lead-acid battery business and future range of products.
Exide had set up
Exide Leclanche Energy, a joint venture (JV) with Swiss firm Lechlance, to
manufacture lithium-ion batteries in India. The 1.5 GB capacity plant got
delayed due to COVID-19 and would be fully operative in FY22. It will make
modules and the final battery pack.
Exide is planning to build a battery energy
storage system for renewable power plants. It is conducting trials at CESC with
lead-acid batteries and Tata Power with lithium battery technology.
expects battery energy storage to be a big market with the renewable energy
boom. He added that the company is focusing on exports in a big way to de-risk
the business of lead-acid batteries.
Source – Business Standard
Image Source: Exide Website