Industrial and automotive battery manufacturer, Amara Raja Batteries Limited, is planning to expand its two-wheeler battery capacity with an investment of Rs 100 crore.
“The company is on course to enter the OEM (original equipment manufacturer) business with two-wheeler manufacturers and is going ahead with the expansion of manufacturing capacity to cater to the demand in the near future,” a release stated.
Amara Raja reported a net profit of Rs 70.1 crore for the quarter ended September 2012, as against Rs 51.8 crore during the same period a year ago, a growth of 37.9 per cent.