Endurance Technologies Ltd, a leading name in India’s auto components manufacturing industry, announced on April 30 that it will be setting up a new manufacturing facility in Pune, Maharashtra, specifically for the production of lithium-ion battery packs. This strategic decision marks the company’s entry into the battery energy storage and mobility solutions segment—sectors poised for exponential growth as India accelerates its electric mobility initiatives.

₹47.3 Crore Capex for Green Transition

The company has committed to a capital expenditure of ₹47.3 crore for this greenfield project. The investment will be funded entirely through internal accruals, demonstrating Endurance Technologies' financial resilience and growth-oriented approach.

This move aligns with the company's broader focus on sustainability and innovation, targeting newer, future-centric domains such as electric mobility and battery energy storage systems (BESS).

Launch Timeline and Production Capacity

According to the company’s filing with the stock exchanges, commercial production from the new unit is scheduled to begin in January 2026. Once operational, the facility will have the capacity to manufacture approximately 35,000 lithium battery packs per month.

The ramp-up in capacity will be phased, with initial production starting in Q4 FY25-26. This structured expansion allows the company to calibrate supply with evolving demand, particularly from domestic electric vehicle manufacturers and energy storage solution providers.

Domestic Market Focus

Endurance Technologies emphasized that the initial focus will be on the Indian domestic market, where government policy, environmental concerns, and demand for energy-efficient alternatives are driving strong momentum in electric mobility adoption. The new product line is expected to cater to:

• Two-wheelers and three-wheelers in the EV segment

• Stationary energy storage applications

• OEMs (original equipment manufacturers) seeking local, dependable suppliers for lithium battery packs

Strategic Commitment to Innovation and Sustainability

This new venture is part of Endurance’s long-term strategy to diversify its product portfolio while aligning with global trends toward green energy and clean mobility. With its strong legacy in the auto components space, the company is well-positioned to leverage existing technical capabilities, client relationships, and manufacturing infrastructure.

The company noted in its communication that this lithium battery project symbolizes its future readiness, as it steps up investment in environmentally sustainable and high-growth segments of the mobility market.

Strong Financial Performance in Q3FY25 Supports Investment

This expansion is underpinned by the company’s robust financial health. For the quarter ending December 31, 2024 (Q3FY25), Endurance Technologies posted a 21.2% YoY rise in net profit, clocking ₹184.4 crore compared to ₹152.2 crore in Q3FY24.

• Revenue from operations surged 11.6% year-on-year to ₹2,859 crore.

• EBITDA (Operating Profit) jumped 27.4%, touching ₹249.5 crore, as compared to ₹195.9 crore in the same period last fiscal.

This financial strength reinforces Endurance’s ability to invest in capital-intensive projects without compromising liquidity or borrowing requirements.

Market Reaction: Steady Share Performance

Despite the big announcement, shares of Endurance Technologies remained relatively flat, trading at ₹1,894.91 apiece on the BSE at 10 am. This could reflect the market's wait-and-watch stance on long-gestation investments in emerging tech sectors like lithium battery manufacturing.

However, analysts are optimistic about the company’s forward-looking investments, especially as the EV and energy storage ecosystem gains traction in India with rising OEM commitments, favourable government schemes like PLI (Production Linked Incentive) for batteries, and global supply chain shifts.

Conclusion: A Bold Leap into the Future

The establishment of a lithium-ion battery pack facility by Endurance Technologies marks a bold pivot into futuristic mobility technologies. By investing early and strategically in EV-supportive infrastructure, the company is securing its relevance and competitiveness in an evolving market landscape.

With its focus on innovation, domestic self-reliance, and long-term sustainability, this project positions Endurance Technologies as a key enabler in India’s clean energy transition.

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