My Best Pick 2015

Jigar Shah

Kim Eng Securities' Jigar Shah thinks Exide will will gain the most from a resurgent automotive business

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Published 7 years ago on Jan 09, 2015 5 minutes Read
Soumik Kar

It would not be an exaggeration to state that Exide Industries is the country’s largest battery-maker, straddling three key verticals — original equipment (OE) automotive, replacement market and the industrial segment. It rules the OE market with close to 70% share and holds around 40% share in the replacement market. It produced 27 million auto batteries in FY14 and 1,771 mAh of industrial batteries.