Amara Raja - New Energy, Lead Acid Battery Exports To Be The Key Growth Drivers: Motilal Oswal

Amara Raja Batteries Ltd. (Source: Company website).

Amara Raja - New Energy, Lead Acid Battery Exports To Be The Key Growth Drivers: Motilal Oswal

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Motilal Oswal Report

Amara Raja Batteries Ltd.’s senior management team presented their new strategic initiative, laying down future growth drivers in the form of new energy and mobility.

Key highlights from the meeting:

Under this strategy, it is focused on value maximisation in its core lead acid battery (LAB) business and is foraying into the new energy business in the form of lithium-ion cell/battery pack, electric vehicle charging products, energy storage solutions, etc.

While the LAB business will go global, the new energy business will focus on opportunities in India.

While growth in LAB will recover strongly, deliverance of 15-17% compound annual growth rate over five years is largely dependent on successful execution of its export strategy.

Click on the attachment to read the full report:

Motilal Oswal Amara Raja Company Update.pdf

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