INTERVIEW: Chairman Jayadev Galla on Amara Raja's future plans
Amara Raja Energy & Mobility aims to lead India's EV battery market, investing in lithium-ion technology while maintaining growth in the lead-acid business. With plans for a 30 gigawatt-hour Giga factory and expansion into various EV segments, Chairman Jayadev Galla is targeting a 50-50 revenue split between new energy and traditional business.
22 Sep 2024
12358 Views
Share -
INDIA'S SECOND-LARGEST AUTOMOTIVE battery maker, Amara Raja Energy & Mobility, which, along with Exide, controls nearly 80% of the domestic automotive battery market, is now setting its sights on the lithium-ion segment. This move is a strategic leap, aimed at capitalising on the fast-growing electric vehicle market while also hedging against the vulnerabilities in its core lead-acid battery business.
In Q1Y25, revenue from its lead-acid battery business saw a 15% year-on-year growth. Meanwhile, its li-ion-based new energy segment — focussed primarily on mobility and energy storage — outpaced expectations with a 20% year-on-year increase in revenue.
Autocar Professional ...
This is an Autocar Pro Plus article. Subscribe to continue reading.
RELATED ARTICLES
India: A Bastion Of Stability for Schaeffler
Ketan Thakkar
03 Jul 2025
German autoparts maker Schaeffler’s CEO, Klaus Rosenfeld, describes India’s role in the company’s €24-25 billion empire....
'No Question of Us Being Late' - Suzuki India on e-2Wheeler Market
Angitha Suresh
01 Jun 2025
Suzuki Motorcycle India believes its EV entry is timely as the market is now mature enough to grow off genuine demand ra...
'India Can Become a Major Pillar for Us' - Marquardt Group
Darshan Nakhwa
06 Apr 2025
Björn Twiehaus, CEO of Marquardt Group, and Vishal Narvekar, the company's India GM, share their outlook on the Indian m...
