- Focus on Lead Acid Batteries value maximization and transition to new age technologies. Working on Li Cell & Pack Manufacturing, EV Charging Solutions, Energy Storage Solutions.
- Lead Acid Batteries: 7 battery Manufacturing plants in 2 locations. Capacity of 4W batteries is 19 Million Nos. Capacity of 2W batteries is 30 million nos. Industrial Batteries Capacity is 2.3 Bn AH.
- Demand for fuel efficient vehicles, meeting stringent regulatory norms, is increasing. Increased use of ISS, EFB, AGM technologies will result in increased share of organized brands. Auxiliary batteries for electric vehicle to enhance demand.
- Trends: 4W volumes have surpassed pre-covid levels. 2W volumes also saw an uptick in FY23.
- Industrial Batteries saw double digit growth in FY23. Demand for UBS Batteries is robust. 5G rollout has seen a strong growth.
- Margin improvement due to lower input costs and higher realization.
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