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Kabra Extrusion soars 17% as Battrixx inks pact with Hero Electric

The target is to supply 300,000 battery packs and chargers in the next financial year based on Hero Electric's projections

Lithium-ion batteries, clean energy, electric
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Lithium-ion batteries at an energy storage facility in California. Photographer: Bing Guan/Bloomberg

SI Reporter Mumbai
Shares of Kabra Extrusiontechnik soared 17 per cent to Rs 482 apiece in Monday’s intra-day trade after Battrixx, a division of the company, inked partnership to develop indigenous lithium-ion batteries with Hero Electric, the largest electric two-wheeler (e2W) company in India.

Conceptualized and designed in-house with Hero’s R&D team, these batteries are equipped with advanced technology, electrifying Hero Electric’s entire e-scooter range. This partnership supports battery safety advancements, reliability, performanc, and fully supports Hero's aggressive production line-up to meet the rising e2W demand.

“This will prove to be a very strategic partnership for the development and manufacturing of