At a time when the battery industry is betting big on electric mobility, the ₹12,000-crore Amara Raja Group is all set to expand presence in the lead-acid battery segment.
It is planning to grow by increasing its manufacturing capacity and raising market presence in West Asia, South-East Asia and Africa, through the organic and inorganic routes.
The company has drawn a roadmap to increase sales in the lead acid segment by 150 per cent from around $1.2 billion now to $3 billion in five years.
Amara Raja has the second-largest lead-acid battery brand Amaron in India and holds around 2.5 per cent market share globally.
Bu hikaye Business Standard dergisinin June 17, 2023 sayısından alınmıştır.
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Bu hikaye Business Standard dergisinin June 17, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
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