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    Exide Industries ups auto battery prices; shares rise

    Shares in Exide Industries rose 2.5% after the company raised prices for automotive batteries

    May 24, 2012 / 19:00 IST

    Shares in Exide Industries rose 2.5%  after the company raised prices for automotive batteries. A company spokesman confirmed earlier media reports that the company has raised automotive battery prices by 2.5%, with the hike effective June 1.

    Analyst says price hike was largely beneficial for Exide as it sources 50% of its lead supplies from captive smelters which give it 10%-12% pricing advantage.

    This brings savings from general cost pass through to the customers, he said.

     

    first published: May 24, 2012 03:22 pm

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