Amara Raja Batteries Limited, known on BSE: 500008 and NSE as Amarajabat, has changed its name to Amara Raja Energy & Mobility Limited (ARE&M). The new name represents the company’s shift from solely battery manufacturing to a provider in the Energy & Mobility sector.
ARE&M now offers products such as Automotive and Industrial Batteries, Battery Energy Storage Solutions, Lithium-Ion Cell Manufacturing, EV Chargers, Li-ion Battery Pack Assembly, Renewable Energy Storage Solutions, Battery Management Systems, and Lubricants.
The company’s direction will focus on its existing Lead-Acid battery business and growth in the New Energy Business. A subsidiary, Amara Raja Advanced Cell Technologies Private Limited (ARACT), was launched in November 2022. This subsidiary plans to establish a 16Gwh Gigafactory for producing cells and battery packs and an R&D center named E Positive Energy Labs.
Vikramadithya Gourineni, Executive Director – New Energy Business, highlighted that this transition is not just symbolic. “We’re evolving from a primarily battery-focused enterprise to a leader in integrated solutions in energy and mobility. Our determination is evident, especially in the fast-growing Light Electric Vehicle (LEV) segment where our products have shown significant promise.”
Harshavardhana Gourineni, Executive Director – Automotive & Industrial, emphasized the strength they have developed in the battery business. “Our robust distribution network, brand strength, and customer trust put us in a favorable position. We’re now looking forward to expanding into new sectors, including lubricants, with a goal to establish a substantial business in related products.”
Chairman & Managing Director, Jayadev Galla, shared his optimism about this new venture. “In the last three years, we’ve invested heavily in our research and development and have collaborated with industry leaders in new energy technologies. We’re confident that our capabilities will play a crucial role in guiding the world towards a sustainable future.”
