Exide shares jump 5% on reports of higher battery prices

Exide Industries will raise prices for replacement auto batteries by 5-6 per cent due to rising input costs, a company source with direct knowledge of the matter told Reuters on Friday. The prices are meant to offset higher lead prices, said the company source. Shares of Exide Industries were up 3.9 per cent at 1:20 p.m. Copyright Thomson Reuters 2013