Storage battery major Exide Industries, which expects its lithium-ion cell manufacturing facility in Karnataka to be ready for commercial production in FY25, is already reaching out to potential customers.
Construction activity for the multi-gigawatt-hour lithium-ion cell manufacturing facility has started and senior management level hiring has almost been completed.
The proposed gigafactory will produce lithium-ion batteries to suit varied EV and industrial segment requirements.
“We expect that we would be one of the first players to kickstart multi gigawatt hours of lithium ion facility in the country. This has generated huge amount of interest amongst all the OEMs (original equipment manufacturers) and other players. We have already started the reach-out exercise with potential customers, who are well-known to us because we have been in this market for the last 75 years with…