Batteries are crucial for industries in India to power equipment and machinery, from small devices to large machinery, providing backup power during outages and preventing downtime. They are also used in renewable energy systems like solar power plants to store energy.
Amara Raja Energy & Mobility Limited (ARE&M), the flagship company of Amara Raja Group, is the technology leader and one of the largest manufacturers of lead acid batteries for industrial and automotive applications in India’s storage battery industry;
Industrial Batteries
Automotive Batteries
Li-ion Batteries
Despite concerns over economic conditions, the battery market size is expected to reach USD 15.65 billion by 2029, growing at a CAGR of 16.80% during the forecast period (2024-2029)
Government initiatives, including the ₹ 20 lakh crore special economic package, are geared towards strengthening the automotive manufacturing ecosystem. The Product Linked Incentive scheme, with an outlay of $3.5 billion, offers up to 18% financial incentives to boost advanced automotive technology manufacturing domestically.
Despite facing significant inflationary pressure and a downturn in overall industrial capital expenditure, the company has successfully established its unique presence in both the Domestic and Global Markets.
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