Driven by the
transformative changes in its key markets and in keeping with its motto of
‘Gotta be a Better Way’, Amara Raja Batteries Ltd (ARBL) has announced ‘Energy
and Mobility’ as the strategic focus for the company going forward.
The company has announced
expansion of the Lead Acid Batteries business and the establishment of a New
Energy SBU encompassing Lithium cell and battery pack, EV chargers, Energy
Storage Systems, Advanced Home Energy Solutions and related products and
Jayadev Galla, Vice
Chairman, ARBL said that, after a careful review of the global business
opportunities, the ARBL Board has decided to future-proof the business by
repositioning ARBL as an Energy and Mobility player. He added that, over the
years, they have built an active distribution network, customer trust and
relationship with clear emphasis on maximizing value within lead acid
technology. The Company is prepared to build on these strengths and create
multiple new growth engines in the New Energy space.
ARBL will further invest in advanced
process technologies to maintain its technological edge as well as recycling to
enhance critical raw material security and expand its commitment to
environmental responsibility. The Company also hopes to pursue inorganic
opportunities available in the market to bolster its leadership position. ARBL
is confident that these initiatives will result in higher growth rates,
increased market share and enhanced stakeholder value.
Amara Raja Batteries Limited is the technology leader and one of the largest
manufacturers of lead-acid batteries for both industrial and automotive
applications in the Indian storage battery industry.
In India, Amara Raja is the preferred
supplier to major telecom service providers, telecom equipment manufacturers,
the UPS sector (OEM & Replacement), Indian Railways and to the power, oil
& gas, and other industry segments.
Amara Raja Batteries Press Release
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