Industrial and automotive battery manufacturer, Amara Raja Batteries Limited, is in advanced stages of negotiations with all the major two-wheeler manufacturers in the country, “and the company is expected to sign original equipment manufacturer (OEM) deals with them by the end of the current financial year,” according to managing director Jay Galla.
Amara Raja launched its two-wheelers batteries in May 2008 and is the first Indian company to make the valve regulated lead acid (VRLA) technology batteries for the two-wheeler segment.
“We are also looking at tapping the hybrid and electric vehicles market and are currently developing products for this segment. We will enter into this space once the market emerges,” Galla said, while declining to share further details.
Amara Raja, which enjoys a 25 per cent market share in the automobile battery replacement market and about 26 per cent on the four-wheeler OEM side, clocked sales revenues of Rs 1,500 crore last year. “We see a 20 per cent volume growth happening this year,” Galla said.
