Endurance Technologies to Launch Lithium Battery Plant in Pune by 2026

1 May 2025 , 01:07 AM

Endurance Technologies Ltd., a leading auto components maker, is foraying into the lithium-ion battery space. The company is setting up a new facility in Pune, Maharashtra.

The new facility will be utilized for manufacturing lithium-ion battery packs, a move in an effort to tap the fast-expanding electric mobility and energy storage space. The total project investment is likely to be ₹47.3 crore. The firm said it would self-finance the whole of this expansion from internal resources, a clear sign of prudent financial management.

It plans to begin production in January 2026. Once commissioned, the factory could manufacture about 35,000 battery packs per month. This capacity would be increased step by step from the fourth quarter of the financial year 2025-26. Endurance makes this point of the new programme reflecting its consistent focus towards clean mobility innovation in the years ahead in India.

It arrives with respect to financial performance whereby the third quarter of the company has been healthy. For the quarter-ended 31st December, 2024, Endurance registered year-on-year increase of 21.2% in net profit to ₹184.4 crore.

Revenue increased 11.6% year on year to ₹2,859 crore from ₹2,561 crore during comparable quarter last year. Operating profit (EBITDA) grew 27.4% to ₹249.5 crore, reflecting good operating efficiency and demand. Endurance is consistently growing overall and investing in new opportunities within the changing EV and battery technology space.