India: Exide industries: Charging ahead.

Recommendation: Hold

AIDED by timely capacity expansion programme and acquisition of Standard Batteries' production facilities, Exide Industries has consolidated its position in the storage battery industry. The setting up production facilities at Hosur marked the company's foray into the valve-regulated lead acid (VRLA) battery segment.

Exide Industries is a strong player in the automotive battery segment, with a presence in both the original equipment (OE) and replacement markets. Exide has also managed to make a successful foray into the industrial battery segment. The commissioning of facilities at Hosur for the manufacture of VRLA batteries has transformed the company into a full-fledged battery manufacturer with a presence in all …