Atul Auto and Exide Energy Unite for Lithium-Ion EV Innovation

Atul Auto's subsidiary, Atul Greentech, has signed a non-binding MoU with Exide Energy Solutions to supply lithium-ion cells and battery packs for electric vehicles. This collaboration aims to bolster India's self-reliance and innovate the electric mobility sector. A definitive agreement will be finalized soon.

Atul Auto, a prominent player in the electric vehicle sector, announced a strategic collaboration with Exide Energy Solutions on Wednesday.

Through its subsidiary, Atul Greentech Pvt Ltd (AGPL), the company has entered into a non-binding memorandum of understanding (MoU) with Exide to explore lithium-ion cell supply for its EVs.

The move aims to enhance self-reliance in the EV sector and meets the growing demand for last-mile mobility solutions.

(With inputs from agencies.)