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Exide has commissioned of Phase-I 6 GWh lithium-ion cell manufacturing facility in Bengaluru

ICICIdirect Research 24 Sep 2026 DISCLAIMER

News: Exide has commissioned of Phase-I 6 GWh lithium-ion cell manufacturing facility in Bengaluru. The facility has been established to manufacture advanced lithium-ion cells across multiple chemistries and form factors. 

View: This can be a long-term positive for Neogen as the management has specially mentioned the name of Exide in the past. Typically, 1 GWH capacity translates into 1000 MT Electrolyte demand and ~100 MT of Electrolyte salts demand. Although the scenario is expected to be competitive (Initial supplies from Chinese players at the behest of Chinese technology providers besides other Indian players), we believe Neogen has the required capabilities both in Electrolytes and Salts to cater to the requirements for Exide and others.

Impact: Positive

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