battery manufacturing

India | Finance | News

Exide Industries invests Rs 100 crore more in EESL
By February 25, 2026February 25, 2026

Exide Industries Limited has infused a further Rs 100 crore into its wholly owned subsidiary, Exide Energy Solutions Limited (EESL), through a rights issue subscription. The investment was announced on February 24, 2026, taking the parent company’s total contribution to the lithium-ion battery venture to Rs 4,352.23 crore while retaining a 100 % stake. The capital infusion involves subscription to 2.5 crore equity shares with a face value of Rs 10 each and a premium…

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India | News | Renewable Energy

Waaree subsidiary plans 16 GWh battery gigafactory in Andhra Pradesh
By February 20, 2026February 20, 2026

Waaree Energy Storage Solutions Private Limited, a wholly owned subsidiary of Waaree Energies Limited, is in discussions with the Government of Andhra Pradesh to set up an integrated lithium-ion battery gigafactory with a proposed investment of about Rs 8,175 crore. The facility is proposed at Rambilli in Anakapalli district and is planned with a manufacturing capacity of 16 GWh for advanced chemistry storage cells and Battery Energy Storage Systems (BESS). The proposed facility is structured…

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India | News | Renewable Energy

Nash Energy commissions 2 GWh automated battery pack line near Bengaluru
By January 19, 2026January 19, 2026

Nash Energy has commissioned a fully automated battery pack manufacturing line with an initial capacity of 2 GWh at its facility near Bengaluru. This marks the first phase of the company’s plan to build 10 GWh of battery pack manufacturing capacity over the next five years. The new prismatic battery pack line at Dobbaspet, Bengaluru, supports multiple form factors and can produce packs ranging from 100 ampere hours (Ah) to 314 Ah. The automated line…

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Global | News

China revises export VAT rebates for solar and battery products
By January 12, 2026January 12, 2026

The Ministry of Finance and the General Administration of Taxation of China have announced changes to the export value added tax (VAT) rebate policy for photovoltaic (PV) and battery products. Under the revised framework, export VAT rebates will be withdrawn for a range of PV products from 01 April 2026. For battery products, the export VAT rebate rate will be reduced from 9% to 6% from the same date and will be fully eliminated from…

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India | Leadership | News

Exide Industries infuses Rs 180 crore into lithium ion arm, names new CEO
By December 23, 2025December 23, 2025

Exide Industries Limited has announced a leadership change and a fresh capital infusion in its wholly owned subsidiary, Exide Energy Solutions Limited, through regulatory filings dated 23 December 2025. Mandar V Deo resigned as Managing Director and Chief Executive Officer of EESL on 22 December 2025. The EESL board accepted his resignation on the same day. Exide Industries has appointed Pravin Ramchandra Saraf, Executive Director of Exide Industries, as the new Managing Director and CEO…

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India | News

VFlowTech raises $20.5 million to expand battery storage in India
By May 19, 2025May 19, 2025

Singapore-based VFlowTech has secured $20.5 million to scale its long-duration energy storage business in India. The funding round was led by Granite Asia, with participation from Antares Ventures, EDBI, MOL PLUS, PSA Ventures, and several existing investors including İnci Holding, UntroD Capital, Pappas Capital, Wavemaker Partners, SEEDS Capital, and Entrepreneurs First. The company plans to use the capital to deploy more vanadium redox flow batteries (VRFB) and upgrade its 100 MWh battery manufacturing facility in…

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