Amara Raja Batteries plans to invest Rs 9,500 crore battery manufacturing

Amara Raja Batteries Ltd announced on Friday that it plans to invest Rs 9,500 crore in Telangana over the next ten years to establish research and manufacturing facilities for the state’s lithium-ion battery industry. Amara Raja Batteries announced in a regulatory filing that the business and the Telangana government signed a memorandum of understanding (MoU) on Friday to establish research and manufacturing facilities for lithium-ion battery production in the Mahbubnagar district.

“The company aims to invest over Rs 9500 crore over the next ten years, subject to required permissions,” it continued.

The initial facilities would comprise Hyderabad’s Amara Raja E-hub, an energy research and innovation centre. According to the business, it will have cutting-edge testing facilities and laboratories for material research, prototyping, product life cycle analysis, and proof of concept demonstration.

The filing continued, “This will provide a range of amenities open to other partners in the energy and mobility ecosystem as well as cater to the Amara Raja’s development demands.”

The strategic relationship with the Telangana government, according to Amara Raja Batteries Chairman & Managing Director Jayadev Galla, would stimulate innovation in sustainable technologies for the entire region in addition to creating job possibilities.

We have a long history with the state, so we’re thrilled to finally have the chance to build an industrial base here, he continued.

The company added that it would develop a commercial scale pilot plant and the first giga scale cell production facility as part of its journey toward Giga scale manufacturing of advanced cell technology products.

Amara Raja claimed that it has been developing Li-ion cell chemistries that are specifically suitable for the climate in the Indian subcontinent and that it already provides several two- and three-wheeler OEMs with lithium battery packs and chargers. PTI MR RKL MR