Exide chalks up Rs 450 cr expansion plan

Kolhapur, Aug 30: Exide Industries prposes to invest Rs 450 crore on expansion plans over the next three years.

Exide director Gautam Chatterjee, while addressing a press conference here today, the plans include introduction of modern technology.

The Company, he said, was expecting a 30 per cent hike in turnover during the current fiscal compared to last fiscal's Rs 2200 crore.

Exide, Mr Chatterjee said, has a 75 per cent market share in India as against the 16 per cent market share enjoyed by its nearest rival Amar Raja Batteries.

UNI