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Construction : What's up | August 2016 | Source : Equipment India

Exide to bring world-class technology

Exide Industries plans to invest Rs 1,400 crore over the next two years to introduce more durable automotive batteries in India, which would be at par with those in developed countries. The entire amount will be spent for acquiring the new technology and importing the required machine to manufacture high-performance batteries. Of the planned capital expenditure, Rs 700 crore will be invested in its plant at Haldia in West Bengal from where batteries with punch-grid technology will be rolled out in the coming year. Exide has tied up with US-based East Penn Manufacturing Company for the technology as well as the machine.
 
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