What are Mission Vision & Core Values of Exide Industries Company?

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What are the guiding principles of the Company?

Mission and vision statements serve as foundational pillars for any thriving business, acting as strategic blueprints that guide decision-making and articulate corporate identity. For a prominent player like the Company, a leading manufacturer of storage batteries in India, these statements are particularly crucial given its expansive operations across automotive, industrial, and submarine sectors.

With a diverse product portfolio encompassing batteries for various vehicles, UPS systems, solar power, and related offerings like inverters, the Company's strategic position in the energy storage landscape is significant. Their mission, vision, and core values collectively function as the company's compass, steering business decisions, fostering a cohesive corporate culture, and shaping their public image in a rapidly evolving market.

The Company commands a substantial presence in the Indian battery market, holding approximately 35% of the Indian lead-acid battery segment as of fiscal year 2023 and an estimated 55% share in the Indian automotive battery segment as of 2023. The company reported a revenue of approximately ₹12,250 crore (about $1.5 billion) in FY 2023, driven by strong demand in the automotive and renewable energy sectors. For the financial year ended March 31, 2025, the Company reported a total income of ₹17,350.65 crore. With India's battery market reaching USD 7.2 billion in 2024 and projected to reach USD 14.9 billion by 2033, the Company's guiding principles are vital for navigating this robust growth, driven by increasing demand for energy storage, rapid urbanization, and the rise of electric vehicles. For a deeper understanding of its market position, consider reviewing the Company BCG Matrix.

The mission statement of Exide Industries focuses on achieving market outperformance by exceeding the expectations of both customers and shareholders. This involves a continuous and accelerated evolution across people, processes, and technologies, indicating a comprehensive approach to growth and operational excellence. The company serves diverse customer segments, including automotive, industrial, and renewable energy, offering products from lead-acid to advanced lithium-ion batteries. Exide Industries holds a significant market share in India and aims to expand its global footprint and export sales. Its unique value proposition lies in its commitment to quality, innovation, and sustainability, providing reliable and innovative energy storage solutions.

Market Outperformance

Exide Industries aims to exceed market expectations for both customers and shareholders.

Customer Focus

The mission emphasizes exceeding customer expectations across various segments.

Shareholder Value

Exide Industries is committed to delivering strong returns for its shareholders.

Technological Evolution

The company prioritizes accelerated evolution in technologies to stay competitive.

Process Improvement

Continuous improvement in processes is key to achieving operational excellence.

People Development

Investing in its people is crucial for Exide's journey towards excellence.

This mission is reflected in Exide Industries' business operations through tangible actions. For instance, in 2022, Exide invested approximately ₹250 crores in research and development, leading to the introduction of Exide Gel Technology batteries with a 30% lifespan improvement. In 2023, the launch of the Exide Solar Battery Series generated ₹150 crores in revenue in its first year. This demonstrates the 'accelerated evolution of technologies' and a clear focus on product innovation to meet customer needs. Furthermore, Exide's stated commitment to quality is evident in its approximately 35% market share in the Indian lead-acid battery segment for FY 2023, reflecting customer trust and reliability. The mission is strongly customer-centric, aiming to 'exceed expectations of customers,' while also being highly innovation-focused through its emphasis on evolving technologies and processes. Understanding Exide Industries mission and vision provides insight into its strategic direction. More details on the company's structure can be found in the article about the Owners & Shareholders of Exide Industries. This commitment aligns with the overall Exide Industries business philosophy and its corporate identity, emphasizing sustainable growth and market leadership.

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Exide Industries' vision statement is distinctly future-oriented, aiming to establish the company as a 'Global Power House'. This encompasses ambitions for market leadership on an international scale, signifying a move beyond its strong domestic presence. The vision also emphasizes being 'respected by customers' and 'preferred by investors,' highlighting a dual focus on customer satisfaction and financial attractiveness. A core aspect of this future state is being 'known for innovative products and solutions,' which positions Exide at the forefront of technological advancements in energy storage. Understanding Exide Industries mission and vision provides insight into its strategic direction.

Global Leadership

Exide Industries aims for international market leadership, expanding beyond its strong domestic presence.

Customer Respect

The company prioritizes earning respect from its customers through quality and service.

Investor Preference

Exide seeks to be the preferred choice for investors, focusing on financial attractiveness and growth.

Innovative Products

A key part of Exide Industries' vision is to be recognized for its cutting-edge and innovative products.

Advanced Solutions

The company strives to provide advanced solutions in energy storage, staying ahead in technology.

Future-Oriented Growth

Exide Industries' vision for growth is centered on future market trends and technological advancements.

The scope of this vision extends to industry disruption, particularly in the renewable energy landscape and electric vehicle (EV) sector. Exide aims to play a pivotal role in renewable energy, targeting 30% of its revenue from renewable energy solutions by 2025. This is further supported by their plans to establish a large greenfield lithium-ion cell manufacturing facility in Bangalore with an initial capacity of 6GWh by 2025, expandable to 12GWh, specifically to cater to the growing demand for EVs and energy storage solutions. This strategic shift towards lithium-ion batteries and sustainable energy solutions reflects an ambition to lead the market with cutting-edge battery technologies. Given the robust growth of the Indian battery market, projected to reach USD 14.9 billion by 2033, and the increasing adoption of EVs (over 2 million EV sales in India in 2024), Exide Industries' vision for the future appears both aspirational and realistic. Their current trajectory, marked by significant investments in R&D (approximately ₹150 crores in 2023 for lithium-ion), strategic partnerships with automotive manufacturers like Hyundai and Kia, and a strong existing market position, provides a credible foundation for achieving global recognition and leadership in innovative energy solutions. For more details on the company's background, refer to the Brief History of Exide Industries. This aligns with Exide Industries' company mission and objectives, showcasing their commitment to innovation and market leadership.

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Exide Industries' core values are fundamental to its corporate identity and business philosophy, guiding its operations and strategic decisions. These principles shape the company's approach to product development, customer relations, and corporate citizenship, fostering a culture of excellence and responsibility.

The company's four core values are integrity, striving for excellence, passion for innovation and technology, and responsible corporate citizenship. These values collectively define Exide Industries' commitment to ethical conduct, continuous improvement, technological advancement, and sustainable practices.

Integrity

Integrity at Exide Industries means conducting business with honesty, transparency, and adherence to legal and ethical standards. This commitment ensures truthful product claims and transparent financial reporting, aligning with the company's guiding principles.

Striving for Excellence

This value involves continuous learning, knowledge sharing, and an openness to new ideas for improvement and innovation. Exide Industries aims for the highest possible standards in daily work and product quality, investing approximately ₹250 crores in R&D in 2022.

Passion for Innovation and Technology

Exide Industries emphasizes advancing through creativity and efficient processes to implement new ideas. The launch of new lithium-ion batteries in 2023, which accounted for 20% of overall sales, and the development of a lithium-ion cell manufacturing facility with 6GWh capacity by 2025 demonstrate this passion.

Responsible Corporate Citizenship

This value entails adopting a highly ethical approach by being transparent and accountable, actively promoting social responsibility and ecological sustainability. Exide Industries aims to reduce greenhouse gas emissions by 25% by 2025 and achieve carbon neutrality by 2030, alongside a 95% recycling rate for lead-acid batteries in 2023.

These core values are integral to understanding Exide Industries' company culture and how they influence its strategic decisions. For more insights into the company's market approach, explore the Target Market of Exide Industries. Discover how Exide Industries' mission and vision further influence the company's strategic decisions in the next chapter.

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A company's mission and vision serve as its compass, guiding strategic decisions and shaping its overall direction. These statements articulate the fundamental purpose and future aspirations, influencing everything from product development to market expansion.

Exide Industries: Mission, Vision, and Core Values

Exide Industries' mission and vision are central to its strategic decision-making, driving its pursuit of market leadership and innovation.

• Mission: To outperform at market exceeding expectations of customers and shareholders through the accelerated evolution of people, processes and technologies.
• Vision: To become a Global Power House respected by customers and preferred by investors, known for innovative products and solutions.
• Core Values: Including Responsible Corporate Citizenship, Customer Centricity, Innovation, and Excellence.
• Strategic Alignment: These principles directly influence investments, product development, and operational focus.

Strategic Investment in Lithium-ion Technology

Exide's significant investment in lithium-ion cell manufacturing, with a plant targeting 6GWh capacity by 2025, directly reflects its vision of being known for innovative products and solutions and its mission to accelerate technological evolution. This move is supported by the Indian EV market's growth, which saw over 2 million EV sales in 2024.

Commitment to Sustainability

The company's core value of 'Responsible Corporate Citizenship' is evident in its sustainability efforts, including a target to reduce greenhouse gas emissions by 25% by 2025 and achieving over 98% lead recycling from used batteries.

Financial Performance and Growth

Exide reported a total income of ₹17,350.65 crore for the financial year ended March 31, 2025. The lithium-ion battery segment, launched in 2023, already contributes 20% of overall sales, demonstrating the success of its innovation-focused strategy, which is part of its broader Growth Strategy of Exide Industries.

Operational Focus and Leadership

Leadership, including MD and CEO Avik Roy, prioritizes driving sales, achieving cost efficiencies, and ensuring the timely completion of key projects like the lithium-ion cell manufacturing plant for commercialization in FY26, aligning operational priorities with long-term strategic goals.

Company Culture and Values

The company's mission and vision foster a culture of continuous improvement, innovation, and customer-centricity, embedding its core values into daily operations and employee commitment.

Market Position and Future Outlook

Exide Industries' strategic alignment with its mission and vision positions it for continued growth and market leadership, particularly in emerging sectors like energy storage solutions.

The mission and vision of Exide Industries are instrumental in shaping its strategic decisions, from significant investments in new technologies to its commitment to sustainability, ultimately guiding its path towards becoming a global powerhouse. Continue reading to explore potential core improvements to the company's mission and vision.

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To enhance clarity and future-proofing, Exide Industries could refine its mission and vision statements to more explicitly incorporate its strategic focus on sustainable energy solutions and technological advancements. This would better align with evolving market demands and the company's expanding portfolio in areas like lithium-ion batteries.

Integrate Sustainable Energy Focus

Explicitly mentioning the company's leadership in the transition to sustainable energy through innovative battery technologies, including lithium-ion, would strengthen the vision statement. This reflects their commitment to clean energy solutions and aligns with global trends.

Enhance People Development Clarity

Making the commitment to employee evolution more tangible by detailing aspects like skill development for new technologies, such as lithium-ion expertise, and fostering a culture of empowerment would add depth to the mission.

Incorporate Emerging Technologies and Circularity

Adapting statements to acknowledge emerging technologies like solid-state batteries and advanced recycling methods, alongside a clearer articulation of circular economy principles, would bolster the company's forward-looking and sustainable corporate identity.

Strengthen Societal Impact Articulation

While customer and shareholder value are key, a more explicit statement of societal impact, particularly in enabling sustainable energy solutions for a broader community, could further enrich the company's mission and vision.

Understanding the Mission, Vision & Core Values of Exide Industries provides insight into the company's strategic direction and operational philosophy. The Exide Industries mission statement is centered on delivering innovative and reliable energy solutions, driving the accelerated evolution of people, and creating value for all stakeholders. This business philosophy underscores a commitment to continuous improvement and customer satisfaction.

The Exide Industries vision is to be a global powerhouse, recognized for its technological prowess and preferred by investors, while leading the transition to sustainable energy. This vision for the future highlights their ambition to be at the forefront of the energy sector's transformation.

Exide Industries core values are the bedrock of its corporate identity, guiding its actions and decisions. These values typically include integrity, customer focus, innovation, teamwork, and respect for people. The Exide Industries core values and their importance are evident in how the company conducts its business, fostering a strong company culture.

In terms of financial performance, the company has demonstrated growth. For the fiscal year ending March 31, 2024, Exide Industries reported a consolidated revenue of approximately INR 15,000 crore. This financial strength supports their ambitious vision and operational objectives.

The company's commitment to innovation is further exemplified by its significant investments in research and development, particularly in the burgeoning electric vehicle (EV) battery segment and renewable energy storage solutions. Exide Industries' mission statement analysis reveals a clear intent to leverage technological advancements to meet evolving market needs.

Exide Industries core values in practice are seen in their employee commitment, aiming to create a work environment that fosters growth and development. The company's guiding principles of ethics and sustainability are integral to its long-term strategy, ensuring responsible business practices.

The mission and vision of Exide Industries for stakeholders are designed to create shared value, balancing profitability with social and environmental responsibility. Exide Industries company mission and its impact are geared towards contributing positively to the energy landscape and society at large.

Exide Industries core values and sustainability are intertwined, with the company actively pursuing initiatives to reduce its environmental footprint and promote eco-friendly solutions. This focus on sustainability is a key aspect of Exide Industries' vision for growth and its overall corporate identity.