Havells partners Norway's Pixii to enter battery energy storage systems in India
Havells India ties up with Pixii AS to launch battery energy storage systems for small-scale, commercial and industrial segments, with a phased roadmap toward local manufacturing. Q4 EBITDA fell 4.5% YoY to ₹727 crore at a 10.8% margin.
Havells India partners Norway's Pixii AS to enter battery energy storage systems for the Indian market, targeting small-scale, commercial and industrial segments via a phased roadmap toward local manufacturing. Q4 EBITDA fell 4.5% to ₹727 crore.
Why this matters
The Pixii partnership marks Havells India's entry into battery energy storage, expanding beyond core electricals into industrial and commercial energy segments as Q4 EBITDA slipped 4.5% YoY.
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