India’s growing demand for electric two-wheelers (E2Ws) provides scope for growth. Monthly E2W sales have touched about 200,000 units this year, compared with 120,000 units last year, Exide said. So far in FY27, the company has invested ₹5,352 crore in EESL. “With EV inflection, Exide can gain significantly in the medium term if it executes well on Li-ion cell production, though it may take one or two years for yields to stabilise and to achieve the right scale,” said Nomura Global Markets Research.
