The $1.3 billion Amara Raja Group sets sights on EV batteries now

The $1.3-billion group will be investing around Rs 7,000 crore on lithium-ion, while continuing its focus on traditional lead acid batteries

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The company said it has already developed a technologically advanced power electronics team focused on the swapping and charging infrastructure, whilst looking at future business growth

Shine Jacob Chennai
Amara Raja Group - the second-largest automotive battery player in the country - is set to train its sights on the electric vehicle (EV) sector, renewable energy markets, and energy storage systems. It also expects the infrastructure and power business - expected to be merged by the end of this financial year (2022-23, or FY23) - to more than double its turnover from Rs 1,200 crore to Rs 3,000 crore by 2025, said a senior company executive.  

The $1.3-billion group will be investing around Rs 7,000 crore in lithium-ion, while continuing its focus on traditional lead acid batteries. In addition

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First Published: Sep 18 2022 | 12:41 PM IST

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