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Systematix Research Report
We interacted with the top management of Amara Raja Batteries Ltd. at their analyst meet where the company unveiled its strategy to enter the lithium-ion segment.
The comapny has outlined a clear strategy to become a significant player in the li-ion segment (target ~25% share); the focus will be on the electric-two-wheeler/three-wheeler segment initially.
After building its primary capability by way of a pilot project over the last few years, the company is now looking for a partner to plug the technology gap.
It has laid out an aggressive capex plan of $1 billion capex to set up eight-10 gigawatt hour capacity over the next five years.
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