Pace Digitek Limited has started work on indigenous battery cell manufacturing, with commercial production targeted within two years as it seeks to reduce its dependence on Chinese imports for battery cells, a critical component of its energy storage business. The company has established a research centre in Pune under the leadership of independent director Professor…
Octillion Power Systems has opened its third manufacturing facility in India at Halol, Gujarat, adding more battery production capacity as demand for electric vehicle (EV) battery systems expands across passenger, commercial and public transport segments. The facility spans more than 13,000 square metres and was converted from an empty structure into an operational battery manufacturing…
AmpereHour Energy has inaugurated a new Battery Energy Storage System (BESS) manufacturing and integration facility at Chakan, Pune, marking its entry into large-scale manufacturing. The facility will focus on the integration of Make in India cabinet and containerised Battery DC-AC Blocks for utility-scale and commercial & industrial (C&I) applications. The company said the new facility…
Pace Digitek Limited said it is accelerating its expansion in the Battery Energy Storage System (BESS) manufacturing segment and is targeting 10 GWh of operational capacity by October 2026, ahead of its earlier timeline, according to statements made during the company’s investor call held on May 26, 2026. The company currently operates a 2.5 GWh…
iNVERGY India Private Limited has inaugurated a fully automated battery energy storage system (BESS) gigafactory in Dasna, Uttar Pradesh, with an annual manufacturing capacity of 3 GWh and an investment of more than Rs 200 crore. The facility spans 217,000 square feet and will manufacture BESS units, lithium iron phosphate (LiFePO4) battery packs, solar inverters,…
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…
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…
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,…
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…
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…