Amara Raja Batteries has decided to make investment in green technologies, including 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, EV chargers, energy storage systems, advanced home energy solutions and related products and services.
After a careful review of global business opportunities, the company board has decided to future-proof its business by repositioning the firm as an energy and mobility player.
The company has to invest in a portfolio of businesses to maintain its technological and business leadership.