InvestorQ : What is the plan that Amara Raja Batteries has for the EV segment?
sara Kunju made post

What is the plan that Amara Raja Batteries has for the EV segment?

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Mary Joseph answered.
1 week ago
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India’s second largest battery manufacturer, the Tirupati based Amara Raja Batteries, has made grand plans to focus on the electric vehicle (EV) segment. Amara Raja Batteries plans to focus on renewable energy markets as well as in the all-important energy storage systems, where the maximum infrastructure creation is required. Amara Raja will be investing a massive sum of Rs7,000 crore on lithium-ion (the latest technology in long last and sustainable batteries), but will also continue its traditional acid batteries franchise.

Amara Raja has already put in place a strong eco system creation plan for the EV segment. For instance, it is already supplying cells to some electrical vehicle (EV) manufacturers in India, but the focus at this point is more on 3 wheelers and it now plans to expand its EV franchise across all classes of vehicles. To facilitate this shift, the first step will be to facilitate the merger of Amara Raja Power Systems and Amara Raja Infrastructure. This merger is expected to be completed by the end of 2022.

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