Amara Raja Batteries: One of the top-leading producers of automotive batteries in India, Amara Raja Batteries now needs to broaden its enterprise into the two-wheeler market.
To embrace progress and improvement, the battery manufacturing firm is planning to broaden its enterprise within the electrical bikes and scooters market.
With the target of increasing its lithium-ion enterprise this monetary 12 months, the producer is about to enter the EV two-wheeler market to energy progress.
Moreover, the producer has prospects solely within the three-wheeler EV market and generates round 2.5% of its income from its lithium-ion battery enterprise.
Talking about the remainder of its complete income, round 103.85 billion rupees ($1.25 billion) in fiscal 2023 was from its flagship lead acid storage battery-making unit.
The firm owns the Amaron battery model, which is the second-largest-selling automotive battery model in India. Now, it’s planning to penetrate into the two-wheeler EV market first with chargers and ultimately via battery packs.
Amara Raja holds discussions with world corporations with the intention of getting alternatives for “technology transfer” tied to lithium-ion battery manufacturing.
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