Havells India Limited (HAVELLS) — Announcement | 9 July 2026

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📢 Key Event
Havells partners with Pixii AS to launch battery energy storage systems in India

🔮 What's Next
targeting 10-12k INR Cr market by FY30

💡 Investor Takeaway
This partnership positions Havells to capture growth in India's rapidly expanding energy storage market through new technology and local manufacturing.

Havells India announced a strategic collaboration with Norway's Pixii AS to enter India's battery energy storage market, leveraging Pixii's modular technology and Havells' distribution network to target residential and commercial segments. The partnership aims to establish local manufacturing and tailored solutions by FY30, capitalizing on a projected 10-12k INR Cr market growing at over 100% CAGR.

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About Havells India Limited (HAVELLS)

Consumer Durables · Consumer Durables · Listed on NSE

Market Cap: ₹75,872.99 Cr P/E: 54.2

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Source: Stock Announcements. Analysis by StockFin.ai. For informational purposes only — not investment advice.

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