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Anand Rathi Report
Amara Raja Batteries Ltd.'s market-share gains in two-wheelers and new business opportunities in telecom would go a long way in building a strong position in its business.
The company registered 35% YoY growth in inverters and 40% in two-wheeler batteries, driven by 110% growth in original equipment manufacturers and 15% in the replacement market.
Four-wheeler batteries registered 4% growth on 11% growth in the replacement business.
We believe that the capacity constraints of others in the market is benefitting the company and we expect further market-share gains as punch-grid technology gains acceptance.
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