Amara Raja's Jayadev Galla will not be contesting upcoming elections

"I will be taking a break from politics to focus on diversifying the business which is at a crucial stage of leading the world in the transition to a more sustainable future," he said.

Autocar Pro News Desk By Autocar Pro News Desk calendar 29 Jan 2024 Views icon847 Views Share - Share to Facebook Share to Twitter Share to LinkedIn Share to Whatsapp
Amara Raja's Jayadev Galla will not be contesting upcoming elections

Jayadev Galla, the incumbent Member of Parliament from Guntur Lok Sabha constituency, Leader of the Telugu Desam Parliamentary Party and a senior leader of the Telugu Desam Party announced that he will not be contesting the upcoming 2024 general elections. He was elected twice as the Member of Parliament representing Guntur in the years 2014 and 2019.

"I will be taking a break from politics to focus on diversifying the business which is at a crucial stage of leading the world in the transition to a more sustainable future. Amara Raja is moving from being a battery manufacturer to a comprehensive provider of Energy & Mobility solutions," the Chairman and Managing Director of Amara Raja stated in a press release. 

"As part of this, we are investing about Rs 9,500 crore for the Amara Raja Giga Corridor, which will have one of the largest manufacturing facilities of lithium-ion batteries and also state-of-the-art R&D center for the research in Advanced Chemistry Cells," he added. 

Galla said that he will continue to serve and contribute to the country's growth, as that was his 'guiding factor, both personally and professionally.' 

Jayadev Galla entered politics at the age of 48, after leading the business conglomerate to great heights of success for almost 25 years in 2014.

"I will continue to contribute to my state and country, as a businessman, by investing, innovating, and creating employment opportunities, revenue, and wealth for the nation," he added.

Indicating his return to politics at some point, he said, "When I can devote my full time to politics and be the type of representative that I want to be and that people deserve, I will come back stronger," he added. 

RELATED ARTICLES
Exide Industries FY24 net profit up 17% YoY; Q4 profit grows 37%

auther Autocar Pro News Desk calendar27 May 2024

The battery maker saw robust improvement in its margins on the back volume growth, price hikes, and moderation in raw ma...

PHF Leasing expands EV loan portfolio

auther Autocar Pro News Desk calendar27 May 2024

The company now offers loan products for the purchase of electric Cargo vehicles in the L5 Category, electric two-wheele...

Hyundai Motor India installs Chennai’s First 180 kW DC Fast Charging Station

auther Autocar Pro News Desk calendar27 May 2024

HMIL aims to set up 100 fast public charging stations in Tamil Nadu as part of its commitment to the state.