Commercial production begins at new Mindewadi lithium-ion battery plant

Greenfield CommissionedCapex & Operations View source PDF

ENDURANCE · price

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AI summary

Endurance Technologies has commenced commercial production of Lithium Ion Battery packs at its new greenfield plant in Mindewadi, Pune, effective 17th June 2026. Initial installed capacity is about 26,000 packs per month, expandable to about 35,000 packs per month as OEM orders grow. The facility was approved in April 2025 with a capex of around Rs. 473 million, funded through internal accruals. The plant will serve mobility applications and battery energy storage systems, extending Endurance's product line beyond its subsidiary Maxwell Energy Systems.

Likely market impact

Positive growth signal. Adds a new high-potential product line in EV and energy storage, with built-in room to scale capacity as customer demand picks up.