Endurance Technologies to Invest ₹473 Million for New Battery Plant in Maharashtra

Endurance Technologies Ltd. plans to set up a new manufacturing unit in Mindewadi, Maval, Pune, Maharashtra. This plant will produce lithium-ion battery Packs that can be used in electric mobility and energy storage systems.

Key Investment Details

The company will spend around ₹473 million on this project. It will be funded through the company’s own savings (internal accruals). The new production capacity will be about 35,000 battery packs per month and will be rolled out in phases starting from the last quarter of the financial year 2025-26.

Product Information  

The new product is Lithium-Ion Battery Packs, expected to launch in January 2026. These battery packs are targeted only at the domestic market for now. This is a completely new line, so there is no existing capacity or usage at present.

Purpose and Strategy

The aim is to meet the rising demand for electric batteries in the mobility and energy storage sectors. This move also expands Endurance Technologies’ product range, alongside what its subsidiary, Maxwell Energy Systems Pvt. Ltd., already provides. It’s a strategic step to support sustainable development and future-oriented technology.

Read More: Endurance Technologies Secures ₹6,060.32 Million Industrial Subsidy Approval From Maharashtra Govt

Share Price Performance 

As of April 30, 2025, at 10:35 AM, Endurance Technologies share price is trading at ₹1,903.60, reflecting a surge of 0.50% from the previous day’s closing price. Over the past month, the stock has declined by 1.29%. The stock’s 52-week high stands at ₹3,061.30 per share, while its low is ₹1,675 per share.

Conclusion

This strategic initiative highlights Endurance Technologies’ commitment to innovation and sustainability. By entering the battery production space, the company is taking a forward-thinking step to support the growing electric mobility trend and expand its role in green technology solutions.

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