Kabra Extrusion soars 17% as Battrixx inks pact with Hero Electric

The target is to supply 300,000 battery packs and chargers in the next financial year based on Hero Electric's projections

Shares of Kabra Extrusiontechnik soared 17 per cent to Rs 482 apiece in Monday’s intra-day trade after Battrixx, a division of the company, inked partnership to develop indigenous lithium-ion batteries with Hero Electric, the largest electric two-wheeler (e2W) company in India.

Conceptualized and designed in-house with Hero’s R&D team, these batteries are equipped with advanced technology, electrifying Hero Electric’s entire e-scooter range. This partnership supports battery safety advancements, reliability, performanc, and fully supports Hero's aggressive production line-up to meet the rising e2W demand.

“This will prove to be a very strategic partnership for the development and manufacturing of