Exide
Industries Ltd, South Asia’s largest lead acid storage battery maker today
launched a new range of automotive batteries in the Indian market branded Epiq. The battery comes with a 6-year
warranty – the highest in the Indian market, showing the company’s confidence
in its cutting edge technology.
“As the Indian automotive market matures and new generation
cars become more demanding with a slew of electrical gadgets putting more load
on the vehicle’s electrical system, the battery has to live up to the
expectations of the modern auto enthusiast and keep pace with this changing
trend. We sourced the best technology in the world to make a battery that will
last for a long time in the Indian conditions. Epiq takes the automotive battery technology in the country to the
next generation” said Mr Gautam
Chatterjee, Managing Director and Chief Executive Officer, Exide Industries Ltd.
Epiq hits the Indian streets after months
of field trials by Exide in the trying Indian conditions. Technology has been
adopted and adapted to suit the local requirements and unique ways of Indian
driving realities like bumper to bumper jams and potholed roads.
While the Epiq
will be manufactured in Exide’s cutting edge factories across the country, it
will be sold exclusively through its national network of 1500 premium Exide
Care outlets.
“We put our unique knowledge of operating for seventy years
in the Indian market to bring out the Epiq.
It will soon set a benchmark in the Indian battery industry,” said Mr Subir Chakraborty, Director Automotive,
Exide Industries Ltd.
Epiq, which is positioned and targeted at
the highest end of the automotive battery aftermarket, will be available in
full range for cars and SUVs operating in the Indian market. It will be the
most premium vehicular battery from Exide.
While Epiq will be
the flagship sub-brand of Exide, the company also launched a slew of other products
targeted at the other segments of the automotive battery aftermarket.
Anticipating the needs for a high performance battery at an affordable price,
Exide also launched Exide Gold with
18-month warranty for the entire range of four-wheelers. For the commercial and
metered taxi market it launched a competitively priced Exide Cabby.
About Exide:
Exide Industries Ltd is the country’s largest
manufacturer of lead acid storage batteries and power storage solutions
provider. With seven international standard factories spread across the nation
for producing batteries, the company offers one of the widest ranges of
batteries for every conceivable application in automotive as well as industrial
segments. To complete the entire value chain the company has two captive lead
smelting units and two UPS manufacturing facilities. Exide also has
manufacturing facilities in Sri Lanka and does business globally through its
subsidiaries and international
affiliates. Exide’s products are sold globally,
particularly in developed markets like Australia, Japan and Western Europe,
under its own brand names. Exide’s strong brand pull, established in India for
about a
hundred years, is supplemented by its nationwide
dealer network and a very strong R&D center. With the help of its
collaborators – Shin Kobe and Furukawa of Japan and East Penn of the US - Exide
has
consistently remained at the cutting edge of
international battery technology and introduced various pioneering products and
power storage solutions in the Indian and global markets. Exide’s vast product
range, that includes everything from the smallest UPS batteries to the giant
submarine batteries, find applications in automotive, two-wheelers, inverters,
UPS, power, telecom and railways, among others. Exide is also present in the
non-conventional energy business where it designs and integrates solar and wind
power solutions for use in remote areas of the country. Exide’s customer list
includes some of the top most international names in industries as diverse as
automotive, earth moving equipment, telecom and UPS manufacturers. With an
annual total income of Rs 8702.53 crore (as on 31st March 2017), the
company is the largest among the branded lead acid storage battery businesses
in India. The company has been consistently profitable and paying dividend
every single year since its inception.
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