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Havells India has entered the Battery Energy Storage System

ICICIdirect Research 10 Jul 2026 DISCLAIMER

News: Havells India has entered the Battery Energy Storage System (BESS) segment through a strategic collaboration with Norway-based Pixii AS to co-develop and localize advanced energy storage solutions for India’s residential and commercial & industrial (C&I) markets. The partnership will initially focus on pilot installations before progressing towards local manufacturing and India-specific BESS solutions

View: This collaboration with Pixii AS marks Havells’ entry into the fast-growing energy storage ecosystem, complementing its existing renewables portfolio. With India’s Commercial and Industrial BESS market projected to reach ₹10,000–12,000 crore by FY30, the partnership positions the company to capitalize on rising rooftop solar adoption, peak power management and the growing need for reliable backup power solutions, while expanding its addressable market beyond conventional electrical products. Havells’ execution in this segment needs to be watched out

Impact: Neutral

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