Exide earmarks 3.7 bln rupees capex for FY12

Newswire

MUMBAI, April 27 (Reuters) - Exide Industries , India's top auto and industrial battery maker, said it has earmarked 3.7 billion rupees for capital expenditure in 2011/12 as it boosts output to meet demand from automakers. Exide has been increasing capacity at its six manufacturing facilities in India to cater to the requirements of original equipment manufacturers (OEMs) who have seen a boom in auto sales. The company has also started operations at a new motorcycle battery manufacturing ...

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