Aiming to further strengthen their market share in inverter batteries , Exide Industries Limited launched IT 500 (super) battery.
With 30 per cent market share in the inverter batteries at present, the company is eyeing a growth of 2-3 per cent market share in inverter batteries this year with the launch of new batteries.
Last year the company sold 10 lakh batteries and this year it plans to sell around 13 lakh batteries, grabbing around 33 per cent market share.
