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Amara Raja to invest over Rs 1000 crore in li-ion battery cell manufacturing by FY26

Manufacturing  -  Nov 07,2024  - 

Amara Raja Batteries, one of India’s leading players in the energy solutions sector, has announced plans to invest more than ₹1000 crore in its lithium-ion (Li-ion) cell manufacturing business by the financial year 2026. This strategic investment aims to bolster the company's position in the growing electric vehicle (EV) and renewable energy sectors.

The investment will be directed toward the development of a state-of-the-art Li-ion battery cell manufacturing facility, which will support the rising demand for advanced energy storage solutions. The company is focusing on enhancing its capabilities in producing high-performance battery cells, crucial for powering electric vehicles and other applications requiring sustainable energy storage.

According to company officials, Amara Raja is also exploring opportunities for strategic partnerships and collaborations to further strengthen its market presence. The push towards in-house battery cell manufacturing is part of Amara Raja’s broader strategy to become a key player in the energy storage space, especially as India looks to scale up its electric vehicle infrastructure and reduce dependence on imported battery technology.

 

 

Company : Amara Raja Batteries