Amara Raja looks for new battery technology options

Amara Raja Batteries Limited, a dominant Indian player in lead-acid space, is looking to make a foray into other battery technologies while keeping the cost factor at the core of its business strategy.

"Besides the alloy development we are also considering the alternative chemistries. The work on research, capital costs and partnerships is currently underway. We expect to finalise the technologies and the investment plans in a year or two," Amara Raja chairman Ramachandra N Galla told Business Standard.

Batteries are classified by chemistry, and the most common are lead, lithium and nickel-based.

Using its international partnerships and R&D, the company has launched