Amara Raja Batteries planning to invest $1 billion in 5-7 years towards capex
9th Aug 2021

Amara Raja Batteries is planning to invest about $1 billion in the next five to seven years towards capex to be spent for both organic and inorganic growth. The company would be focusing more on the new- age energy storage systems such as Lithium-ion Technology keeping in view of the market trends as Lead Acid battery market growth rate is expected to taper off over a period of time.

In May, the Centre approved the PLI (Production Linked Incentives) scheme for manufacturing ACC (Advanced Chemistry Cell) batteries at an estimated outlay of Rs 18,100 crore.

Amara Raja Batteries is the flagship company of the group and is engaged in manufacturing of industrial and automotive batteries. The company was first to introduce Valve Regulated Lead Acid (VRLA) batteries with three year warranty in industrial and automotive applications.