Exide forays into commercial electronic vehicles space, launches e-rickshaw

In the next six months, Exide will be coming up with a lithium-ion variant of the same e-rickshaw which will be priced higher than the existing one

Exide Industries has forayed into the commercial electronic vehicles space by launching e-rickshaws as a part of its forward integration plans. The company thinks it will help generate at least Rs 120 crore of revenue in the very first year of full operations.

"We already have batteries for electronic vehicles and this was a natural step further as part of our forward integration plan," Gautam Chattejee, managing director and CEO of Exide Industries said.

Exide is using its own battery to power the vehicle while all other parts are largely being sourced from China and are assembled in its plant in