首页|Exide seeks foreign tie-ups for technology, production
Exide seeks foreign tie-ups for technology, production
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NSTL
Exide Industries Ltd is looking abroad for technological and production tie-ups. T V Ramanathan, managing director and chief operating officer (COO) said that the company's officials have already visited Canada and the United States. Exide may also set up a special purpose vehicle (SPV) for the purpose and "the company was offering to take up manufacture in India of batteries currently begin shipped from North America to Asian markets, he added.Once the relationship matures, the company would explore the possibility of equity sharing with the proposed partner. Exide is also open to locating the plant outside the Indian shores. "It could be in a place where lead is available locally," said Ramanathan. Addressing a press conference, S B Ganguly, chairman of Exide, said the company was looking at the replacement market in the commercial vehicle and tractor segments, which represented 75 per cent of national sales, as the driver for growth in the coming years. It has devised a two-pronged strategy targeted towards the marketing and financial sides of the company.
NSTL
