Amara Raja Batteries has decided to go green by investing in the development of lithium-ion batteries required in EVs, according to media reports.
The company is seeking to meet the emerging green technology trends in the mobility and energy sector.
Amara Raja Batteries board is setting up an Energy SBU that will produce advanced home energy solutions and energy storage systems made of lithium cells and battery packs.
They have decided to expand the lead-acid technology by this green switch as it will lead to new growth opportunities in domestic international markets.
At present, the company is a major lead-acid batteries manufacturer for automobile and industrial applications. They have two automotive brands Amaron and Powerzone, that supply automotive batteries to Tata Motors, Honda, Hyundai, Ford India, Maruti Suzuki, Mahindra & Mahindra among others.