Amara Raja - New Energy, Lead Acid Battery Exports To Be The Key Growth Drivers: Motilal Oswal
BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
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:
This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BloombergQuint.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.