Exide Industries — a market leader in batteries for auto original equipment manufacturers (OEMs) and aftermarkets — on Tuesday said at the company’s annual general meeting (AGM) that signs of green shoots were visible in passenger vehicles and two-wheelers segment.
“The automobile sector was not performing at desired levels for the past two years. A similar situation continued during the nationwide lockdown. However, signs of improvement in demand are visible, particularly in the low-cost car and two-wheeler segments. There is an expectation of improved demand for the automobile sector in the upcoming festive season,” said Gautam Chatterjee, managing director (MD) and

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