Mr T.K Ray, Vice-Prisedent - Institutional UPS launching the Exide XHD battery in Hyderabad on Thursday. Photo: M Subhash
Battery major Exide Industries Limited is set to consolidate its industrial batteries business this fiscal, riding on the buoyancy in the market.
Exide accounts for more than 50 per cent share of the Rs 4,000-crore industrial batteries market and expects to witness a growth of over 20 per cent with similar momentum for the company, Mr T.K. Ray, Vice-President, Institutional UPS, said.
CONSOLIDATION
During his visit to Hyderabad for the launch of a new battery range, Mr Ray told Business Line : “Being the country's largest player with lead acid range, the company is seeking to consolidate its position across automotive, industrial and industrial UPS segments.”
“We currently have seven manufacturing units and are in the process of evaluating the prospect of setting up another. However, we are yet to finalise the capital expenditure and the site for the project,” he said.
The Power Safe range is targeted at institutional UPS applications in railways, telecom and solar sectors.
Solar is a relatively new area and has already helped cross a sales volume of over Rs 100 crore, with a growing number of solar installations.
RANGE
Exide launched its new Power Safe XCD Series Valve Regulated Lead Acid batteries in Hyderabad on Thursday at a meeting attended by more than 60 channel partners.
Mr Ray said Exide Power Safe range is the preferred choice in Uninterrupted Power Supply backup applications, as it is designed to provide uninterrupted backup, particularly in areas having longer power outages.
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Published on June 15, 2012
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