Amara Raja Batteries: One of many top-leading producers of automotive batteries in India, Amara Raja Batteries now must broaden its enterprise into the two-wheeler market.
To embrace progress and enchancment, the battery manufacturing agency is planning to broaden its enterprise throughout the electrical bikes and scooters market.
With the goal of accelerating its lithium-ion enterprise this financial 12 months, the producer is about to enter the EV two-wheeler market to vitality progress.
Furthermore, the producer has prospects solely throughout the three-wheeler EV market and generates spherical 2.5% of its earnings from its lithium-ion battery enterprise.
Speaking in regards to the the rest of its full earnings, spherical 103.85 billion rupees ($1.25 billion) in fiscal 2023 was from its flagship lead acid storage battery-making unit.
The agency owns the Amaron battery mannequin, which is the second-largest-selling automotive battery mannequin in India. Now, it’s planning to penetrate into the two-wheeler EV market first with chargers and finally through battery packs.
Amara Raja holds discussions with world companies with the intention of getting options for “expertise switch” tied to lithium-ion battery manufacturing.
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