Exide Plans to Double its Supplies to Car Makers in India

Wednesday 23 July 2008, 00:00 AM by Satish

India's largest electric battery manufacturer plans to double its supplies to 5 million units to passenger car makers in India. Most of the car launches are slated for the year 2009 and 2010. The company has witnessed a swing in agreements with the original equipment manufacturers for passenger cars.

Executive Director (Automotive), Paban Kumar Kataky, stated "Our supplies to the original equipment manufacturers (OEMs) are likely to reach 5 million units a year, from the present level of 2.5 million units, in 2009-10, when supplies for Tata Motors' Nano, new vehicles of Toyota, General Motors and Fiat would start, coupled with enhanced supplies to Maruti and Tata Motors' existing models."

He did not reveal the details of contract with General Motors but indicated that it was not for the small car from GM. He also did not reveal the models for Ford or Toyota. Exide Industries is currently supplies batteries to General Motors' Tavera, Hyundai's i10, Tata Nano, etc. Exide also has a contract with Tata Motors to supply batteries for 50 percent of Nano production from its Singur factory. Since Tata Motors shall not be reaching its full production capacity, Exide shall be able to cater to 100 percent of Nano's requirements initially.

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