Press Release

Press Release Exide, India and ExCom, Germany Enter into Strategic Cooperation to Strengthen Industrial Battery Business Across the European Economic Area India / Germany, 16 September 2026: Exide Industries Limited ("Exide India"), one of India's leading Lead Acid battery and energy storage solutions companies, and ExCom Energy Solutions GmbH ("ExCom GmbH"), Germany, have entered into a long-term strategic cooperation agreement for the industrial battery and energy storage systems across the European Economic Area (EEA). Products offered under this cooperation will be marketed and sold under the ExCom brand. The agreement, signed on 15 September 2026, establishes a close commercial and technical collaboration between the two companies. The cooperation will cover the EEA market. ExCom GmbH will act as the central commercial and technical interface for customers in the region, leading customer development, distribution, technical project support, and after-sales coordination. The partnership will initially focus on traction and motive-power battery solutions serving material-handling equipment, logistics operations, and other industrial mobility applications, as well as stationery battery systems for industrial, infrastructure and energy storage applications. By combining Exide India's extensive manufacturing capabilities, broad technology portfolio, and decades of expertise in industrial battery solutions with ExCom GmbH's market presence, application engineering capabilities, and local customer support, infrastructure, the collaboration aims to deliver enhanced value to customers across the EEA. The cooperation is designed to provide customers with a comprehensive portfolio of solutions encompassing battery systems, charging technologies, system integration, application engineering, and lifecycle services. Products and solutions will be tailored to meet the specific technical, regulatory, and operational requirements of customers throughout the EEA. Commenting on the partnership, Mr. Avik Roy, Managing Director & Chief Executive Officer, Exide Industries Limited, said: The European Economic Area represents a strategically important market for Exide India’s industrial energy storage business, with growing demand for dependable, efficient, and sustainable energy solutions. ExCom GmbH brings strong market access, deep application expertise, and proven local execution capabilities. By combining these strengths with Exide India's manufacturing scale, diversified product portfolio, and technological expertise, we aim to create long-term value for customers across the EEA and accelerate the growth of our industrial battery business in the region. Exide India and ExCom GmbH expect to venture into advanced chemistry solutions in the future, building on their strategic cooperation and complementary capabilities in industrial energy storage. Mr. Holger Aschke, Managing Director, ExCom Energy Solutions GmbH, added: "Exide India has built an outstanding reputation for quality, reliability, and technological excellence over several decades. This agreement establishes a strong platform for serving customers across the European Economic Area with competitive and application-specific energy solutions. Together, we intend to build a robust European platform for traction batteries while exploring next-generation industrial energy storage opportunities. Beyond advanced lead-acid battery technologies, both companies see significant potential to expand their cooperation into selected advanced chemistry applications over time. This partnership reflects our shared ambition to establish a strong and enduring presence in the EEA industrial energy storage market and to support customers throughout the entire battery lifecycle, from product selection and system design to installation, operation, maintenance, and service." About Exide India Industries Limited Exide Industries Limited is one of India's leading Lead Acid battery and energy storage solutions companies. With a legacy spanning more than seven decades, the Company offers a comprehensive portfolio of automotive, industrial, traction, and stationary battery solutions. Exide India operates an extensive manufacturing and distribution network 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. About ExCom Energy Solutions GmbH ExCom Energy Solutions GmbH is a Germany-based energy solutions company specializing in industrial battery systems, motive power application, charging technologies, advanced chemistry solutions, and stationary energy storage systems. The Company combines strong European market access and application engineering expertise with international manufacturing and technology partnerships. Its activities encompass the development, supply, integration, and servicing of customized energy solutions for logistics, industrial mobility, commercial and industrial customers, and energy storage applications. Media contacts Exide Industries Limited Corporate Communications Exide House 59E Chowringhee Road Kolkata 700020, India Email: [Corp_communications@exide.co.in] ExCom Energy Solutions GmbH Corporate Communications Germany Email: public@excom-energy.com