The $1.3 billion Amara Raja Group sets sights on EV batteries now

The $1.3-billion group will be investing around Rs 7,000 crore on lithium-ion, while continuing its focus on traditional lead acid batteries

Amara Raja Group - the second-largest automotive battery player in the country - is set to train its sights on the electric vehicle (EV) sector, renewable energy markets, and energy storage systems. It also expects the infrastructure and power business - expected to be merged by the end of this financial year (2022-23, or FY23) - to more than double its turnover from Rs 1,200 crore to Rs 3,000 crore by 2025, said a senior company executive.  

The $1.3-billion group will be investing around Rs 7,000 crore in lithium-ion, while continuing its focus on traditional lead acid batteries. In addition