Schneider eyes India's battery market

Schneider is working on manufacturing large-scale stationary batteries amid growing demand

- Rituraj Baruah

Electrical equipment maker Schneider Electric is working on the next phase of investments in India and would soon roll out its capital expenditure (capex) plans, a top company official said.

In an interview, Deepak Sharma, managing director and chief executive of Schneider Electric India, said that the company is working on manufacturing large-scale stationary batteries in the country in view of the growing demand for storage, and is exploring the right chemistry and technology for the business. The company's current investment cycle of ₹3,200 crore is in its final phase of implementation with its latest announcement of three new plants in India.