Signs of green shoots in passenger vehicles and two-wheelers: Exide

Chatterjee informed that two new companies - MG Motor (with its Hector model) and KIA Motors (with its Seltos) started this year with 100 per cent use of Exide batteries

Exide Industries – a market leader in batteries for auto OEMs and after-market – said on Tuesday at the company’s annual general meeting that after a few consecutive of months of plunging sales in a post-Covid scenario, there were signs of green-shoots in passenger vehicle and two-wheeler segments, where the year-on-year de- growth was much lesser than the previous months.

“The automobile sector was not performing at desired levels for the last two years. A similar situation persisted in the initial months during the post-lockdown period. However, there are some signs of an improvement in demand, particularly low-cost car as