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COVID pandemic hits bottom line for Indian lead-acid battery maker

Thu, 08/06/2020 - 11:02 -- Paul Crompton

Indian lead-acid battery maker Exide Industries is focusing on ‘cost control’ and ‘technology upgradation’ to improve the bottom-line after COVID-19 caused a distribution in the supply chain.

The company announced on 3 August that its net turnover for the second quarter of the year ending June 30, was down Rs.1,232 crore ($16 million) compared to year-on-year figures (Rs. 2,779.25 crores or $37 million).

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