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Amara Raja Batteries to diversify into new energy opportunities

Hyderabad (Telangana) [India], June 14 (ANI): Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities. ....

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Amara Raja Batteries to diversify into emerging energy opportunities

Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities.
It announced expansion of lead acid batteries business and establishment of a new energy strategic business unit encompassing lithium cell and battery pack, EV chargers, energy storage systems, advanced home energy solutions and related products and services.
The company is well poised to build on its strengths and create multiple new growth engines in new energy space, said Vice Chairman Jayadev Galla who is poised to become the new Chairman as Founder Chairman Ramachandra Galla has decided not to seek reappointment after 36 years at the helm. ....

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Amara Raja to invest in lithium-ion batteries, expand current biz verticals

Amara Raja to invest in lithium-ion batteries, expand current biz verticals
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Last Updated: Jun 14, 2021, 01:14 PM IST
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Synopsis
Amara Raja is one of the largest manufacturers of lead acid batteries for both industrial and automotive applications in the country. It produces automotive batteries under the brands Amaron and Powerzone and supplies to various original equipment manufacturers (OEMs) like Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors.
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The company s board has also appointed S Vijayanand as President - New Energy (business vertical).
Amara Raja Batteries on Monday said it has decided to invest in green technologies, including in lithium-ion batteries, to capitalise on fast-evolving trends in the energy and mobility sectors. The company s board has decided to expand its lead-acid batteries business and set up a new Energy SBU encompassing lithium cell and battery pack, ....

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