Interesting management interview
09.05.2023 ET
- Phase I (Commercial pilot plant with 2GW manufacturing + R&D center): 2000 cr. (via internal accruals) in 24 months
- For rest of 9500 cr. capex, capital structure is being planned
- In terms of localization, 25% value addition will be done in India with 75% being imported in the beginning. In 5-years, want to increase localization to 60%
- Battery prices have increased in past 2-years, this is an aberration and it should follow longer term trajectory of price deflation
- A lot of new battery chemistries are coming up to replace lithium ion batteries
- Revenue growth will be much faster in lithium ion batteries as each lithium battery pack is much higher priced than current lead acid batteries
- Before large scaleup happens in lithium batteries, after market lead acid batteries will be higher margin business
Disclosure: Invested (position size here, no transactions in last-30 days)