Maxwell BMS New Business Reaches INR 130 Million in Q1 FY2026-27

Maxwell Secures New Business in Q1 FY2026-27

On August 14, Endurance Technologies Limited announced that its subsidiary, Maxwell, secured new business worth INR 130 million during the first quarter of FY 2026-27, covering the quarter ended June 30, 2026. The Maxwell BMS New Business includes new battery management system variants named CT Safe GT, CT-Lite and LT+PRI. These additions expand Maxwell’s business activity in battery management systems while strengthening its engagement with automotive original equipment manufacturers. The company is also pursuing leads valued at INR 3 billion across BMS, tyre pressure monitoring systems and DC-DC converters, indicating a broader opportunity pipeline across vehicle electronics and power-management applications.

Battery-Pack Dispatches and Capacity Expansion

Maxwell has also commenced dispatches of battery packs for two-wheelers, marking an expansion of its activities beyond battery management system development. The company has separately announced capacity expansion for four-wheeler battery packs as it prepares to support additional business requirements. Maxwell is engaging with OEMs to pursue further orders, creating opportunities across both two-wheeler and four-wheeler applications. The developments are relevant to India’s growing vehicle-electronics ecosystem, where battery packs, BMS technology, TPMS and DC-DC converters are increasingly important components of electrified and electronically managed vehicles.

Expansion Across Automotive Electronics

The new business wins and pipeline highlight Maxwell’s focus on expanding its automotive electronics portfolio through multiple product areas. Its current activities span BMS variants, two-wheeler battery-pack dispatches and planned four-wheeler battery-pack capacity expansion, while the INR 3 billion lead pipeline includes BMS, TPMS and DC-DC converter opportunities. Through its association with Endurance Technologies Limited, Maxwell is also positioned to engage with OEM customers for additional orders. The combination of new business, product diversification and manufacturing capacity expansion could support further growth as automotive manufacturers evaluate increasingly integrated electrical and electronic systems.

Frequently Asked Questions

What new business did Maxwell secure in Q1 FY2026-27?
Maxwell secured INR 130 million in new business during the first quarter of FY 2026-27, covering the quarter ended June 30, 2026. The business includes new battery management system variants called CT Safe GT, CT-Lite and LT+PRI. The company is also pursuing leads worth INR 3 billion covering BMS, TPMS and DC-DC converters. In addition, Maxwell has started dispatching two-wheeler battery packs and announced capacity expansion for four-wheeler battery packs. It is continuing discussions with OEMs to secure further orders across these product areas.