Exide signs agreement with Leclanche

Exide Industries Ltd has signed a joint venture agreement with Leclanche SA of Switzerland to make batteries for electric vehicles and the grid in India. The joint venture will produce and sell lithium-ion batteries in India with a focus on packs to power electric buses and e-rickshaws, according to a statement. The companies plan to set up a lithium-ion cell manufacturing plant in Gujarat and a module and battery pack assembly line as well.

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