Exide Industries Signs Strategic Battery Pact With ExCom; Shares Rise 0.31%

Mumbai, September 16: Exide Industries Limited has entered into a long-term strategic cooperation agreement with Germany-based ExCom Energy Solutions GmbH to jointly develop and expand its industrial battery business across the European Economic Area.

According to the exchange filing dated September 16, 2026, the agreement was signed on September 15 between Exide Industries and ExCom Energy Solutions GmbH.

The partnership will focus on the marketing and sale of industrial battery and energy storage products across the European Economic Area under the ExCom brand. The initial focus will be on traction batteries for motive-power applications and stationary energy storage systems.

ExCom will act as the central commercial and technical interface for customers in the region. Its responsibilities will include customer development, distribution, technical project support and after-sales coordination.

The companies plan to combine Exide India’s manufacturing capabilities and battery technology portfolio with ExCom’s European market presence, application engineering expertise and local customer support.

Stock Market Snapshot

The Exide Industries share price stood at ₹410.45, up ₹1.25 or 0.31%, as of 9:41 AM IST on September 16, 2026, according to the market data shown.

The stock opened around ₹409 and moved higher during the early session, touching levels above ₹413 before easing towards ₹410.45 at the latest available update.

The share price movement was recorded during the same trading session as the company’s disclosure. However, the filing does not establish that the market movement was directly caused by the strategic agreement.

Partnership To Cover Industrial And Mobility Applications

The initial cooperation will cover battery solutions for material-handling equipment, logistics operations and other industrial mobility applications.

The companies will also explore stationary battery systems for industrial, infrastructure and energy storage requirements. The product portfolio is expected to include battery systems, charging technologies, system integration, application engineering and lifecycle services.

The solutions will be tailored to the technical, regulatory and operational requirements of customers across the European Economic Area.

Exide and ExCom also intend to explore advanced chemistry solutions in the future, building on their respective capabilities in industrial energy storage.

Exide Strengthens European Industrial Battery Presence

The agreement is expected to support Exide Industries’ efforts to expand its industrial battery business in Europe.

Exide said the European Economic Area represents an important market for its industrial energy storage operations, with demand for dependable, efficient and sustainable energy solutions.

The company’s Managing Director and Chief Executive Officer, Avik Roy, said the partnership would combine Exide India’s manufacturing scale and product expertise with ExCom’s market access and local execution capabilities.

ExCom Managing Director Holger Aschke said the cooperation would create a platform to serve European customers with competitive and application-specific energy solutions.

About Exide Industries

Exide Industries is an Indian manufacturer of lead-acid batteries and energy storage solutions, with operations spanning automotive, industrial, traction and stationary battery applications.

The company has an extensive manufacturing and distribution network in India and continues to invest in research, product development and advanced manufacturing technologies.

Through its wholly owned subsidiary Exide Energy Solutions Limited, the company is also developing advanced chemistry cells, modules and battery packs for mobility and stationary energy storage applications.

Conclusion

Exide Industries has entered into a long-term strategic cooperation agreement with Germany’s ExCom Energy Solutions GmbH to expand the industrial battery business across the European Economic Area.

The partnership will initially cover traction batteries, industrial mobility applications and stationary energy storage systems, with products to be marketed under the ExCom brand.

The arrangement is intended to combine Exide’s manufacturing and technology capabilities with ExCom’s European market access and technical support network.

Meanwhile, the Exide Industries share price rose ₹1.25 or 0.31% to ₹410.45 as of 9:41 AM IST on September 16, 2026.

Source:

• https://www.nseindia.com/get-quote/equity/EXIDEIND/Exide-Industries-Limited
• https://nsearchives.nseindia.com/corporate/EXIDEIND_16092026075203_sdSELETTEREILEXCOM.pdf