Exide Industries Q2 net up 9.4 pct

With the commissioning of the Ahmednagar plant for motorcycle batteries and additional production lines at Shamnagar and Haldia factories for 4-wheeler batteries in September,the availability for the replacement segment would improve significantly in the near term,Exide managing director amp; CEO T V Ramanathan said.

8220;The company plans to invest Rs 375 to Rs 400 crore on capital expenditure in this financial year to enhance the production capacities compatible with the now projected demand for the coming financial year,8221; he said.