Hyderabad
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 services.
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.
Source: Amara Raja Batteries Press Release
Image Source: Google Images
Also Read:
https://www.automotiveproductsfinder.com/news/at-s-to-invest--2-bn-to-build-semiconductor-plant-in-malaysia/134632
https://www.automotiveproductsfinder.com/news/continental-india-launches-women-for-manufacturing-program/134636