Exide outlines growth strategy with dual focus on lead-acid, lithium-ion batteries

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Exide Industries is strategically focusing on both its lead-acid battery business and lithium-ion segment to lead energy storage. Commercial production at its lithium-ion cell manufacturing facility is expected to commence this fiscal year. The company invested significantly in its lithium-ion business and transitioned to a 'One-Exide' operating model, reporting double-digit growth in most business segments.