While the company may have faced some labour unrest in the recent past but its plans for the future remains intact.

In fact, to meet the growing demand for batteries from the car and motorcycle sectors, Exide industries has recently announced that the company will be spending money matching the scale of Rs 400 crore this fiscal (2010-11) to increase capacity in its various plants.

T. V. Ramanathan, managing director and chief executive officer of the firm recently said on the sidelines of the Annual General Meeting of the company that it will be increasing capacity around 28 per cent on SLI (starting-lighting-ignition) and 60 percent in motor cycle sector.

It is to be mentioned here that out of the total announced Rs. 400 crore, the company will be investing close to Rs. 80 crore in the Ahmednagar plant in Maharashtra that would come up in August this year.

The company also said that that a large chunk of the money that it will be investing will come from the QIP arrangement that it had recently in March this year.