Amara Raja Energy and Mobility Ltd’s weak margin performance in the September quarter overshadowed its 12% year-on-year jump in standalone revenue. Amara Raja has started assembling lithium battery packs and manufacturing chargers and is investing in building lithium-ion capacities to meet demand, mainly from electric vehicles. Amara Raja must balance its partnerships with original equipment makers and capital returns, navigating …
Its subsidiary Amara Raja Advanced Cell Technologies entered into a technical licensing agreement with GIB EnergyX Slovakia, a subsidiary of China-based Gotion High Tech Co. In reaction, the Amara Raja stock zoomed 20% on Tuesday, also hitting a new 52-week high of ₹1,656.05. Transition towards lithium-ion batteries Amara Raja’s core business is manufacturing lead-acid batteries, but the industry is gradually …
