This can be a huge opportunity for backup power. Corporates are investing heavily in data centres. It has grown by 500% since 2014 and may continue the trend on a smaller base. However, it promises exciting prospects for lead battery manufacturers. The data centre market in India is at a nascent stage in India. Their demand might grow with the demand for EVs.
Lead batteries can serve as auxiliary batteries in EVs. The percentage of electric vehicles on the roads might increase from 6% to 33% by 2040. India is expected to adopt electric mobility on a large scale by 2030. Further, lithium has opened exciting opportunities for battery manufacturers as it can be used as an alternate source of energy. Lead battery technology has a variety of applications and provides significant growth opportunities in the domestic and international markets. Future Prospects of Exide Industries Vs Amara Raja Batteries This led to an increase in demand for personal vehicles and batteries, as a result. However, they did not prefer public transport. People could step out of their houses for certain purposes. The restrictions were eased a little later. This gave impetus to the demand for power backup. Further, people expected uninterrupted service expectations from telecom networks. As a result, both the companies saw a steep demand for UPS units. On the bright side, people started working from home and power cuts hampered their work. As a result, the demand for batteries dropped. Since people did not step out of their houses for months, the demand for vehicles dropped. The COVID-19 pandemic affected almost all the sectors in India. Impact of COVID-19 on Exide Industries Vs Amara Raja Batteries The company’s products are exported to most of the countries in the Indian Ocean rim. Further, it manufacturesAmaron and PowerZone are their well-known brands. It forayed into the business of Lithium-ion packs in 2018-19 and is getting plenty of orders. The company has expanded its two-wheeler manufacturing capacity from 4 million to 19 million units. It has expanded its four-wheeler capacity from 2.5 million to 12 million. Its distribution network comprises over 30,000 retailers. Hence, its batteries are exported to over 32 countries across the globe.Īmara Raja Batteries cater to the huge demand on the Pan India level. It operates eight manufacturing plants and is a technology leader. The company is the second-largest manufacturer of lead-acid batteries in India. It is the flagship company of the Amara Raja Group. Here is a little more information about these companies: Exide Industries Limited
About the Companiesīoth Exide Industries and Amara Raja Batteries supply products to the automotive, renewable energy, railways, power, telecom, UPS and oil and gas industries.įurther, Exide Industries supplies products to mining as well as material handling equipment industries. Hence, companies like Exide Industries and Amara Raja Batteries can hope to benefit from this opportunity.
Higher demand for electric vehicles will lead to a higher demand for their batteries. Therefore, many people are switching to electric vehicles as they have very low running costs. This will in turn help in expanding the user base of electric vehicles in India.įuel prices are spiralling due to the Russia Ukraine crisis and other factors. Making batteries will help manufacturers to reduce costs. Hence, it is promoting the ‘Make in India’ initiative in this industry. It is encouraging companies to make batteries instead of importing them. It is working relentlessly to boost the demand for electric vehicles. The government has incentivized the production and use of EVs in India. The electrification of transport is a top priority. The price range varies depending on the size of batteries.India too is slowly drifting towards clean sources of energy. Which battery you decide to purchase is a matter of your requirements, the power rating depends on the required usage. Also, maintenance-free batteries that don't need to be topped up, these can be changed eventually when they do run out.Įxide has been in the market for decades and is one of the known, top brands. With smaller batteries for motorbikes and other small vehicles. They have batteries for the home that will keep the UPS system running when the electric supply drops. With a full range that includes power solutions for cars, trucks, jeeps, bulldozers, locomotives and industrial level batteries. Exide was listed on the Karachi Stock Exchange in 1982 and has won the top 25 Companies Award 8 times till date. The collaboration allows Exide to use their technology to produce batteries locally. that is owned by a private investment fund by the name of Platinum Equity. A local brand that started work in 1953, in collaboration with UK based Chloride Group Plc. Chloride Group Plc is in turn owned by US-based Vertiv Co.