Amara Raja announces plans for a foray into lithium ion segment The Tirupati-based company also announced the reorganisation of roles and succession as it plans to expand its business
Amara Raja, the makers of lead acid batteries under the Amaron brand, on Monday announced its plans for a foray into the lithium ion segment. The Tirupati-based company also announced the reorganisation of roles and succession as it plans to expand its business.
“From a lead acid battery company we now want to transform into an energy and mobility company. First part is value maximisation of the lead acid business for growth and profitability. Second is entry into new energy which is lithium ion and other related products and services,” industrialist and politician Jayadev Galla told The Telegraph.
The Board of Amara Raja Batteries approved a series of leadership and organizational changes to relentlessly drive the execution of this bold new strategy of Energy and Mobility .
Founder Chairman Dr. Ramachandra Galla has resigned from leadership position. He will continue as Director and Chairman till the conclusion of the Annual General Meeting (AGM) in August.
Vice Chairman Jayadev Galla will assume the role of Chairman of the Board after the AGM.
The Board also accepted the resignation of Dr. Ramadevi Gourineni as Non-Executive Director of the Company and thanked her for service.
The Board has decided to induct Harshavardhana Gourineni (Harsha) and Vikramadithya Gourineni (Vikram) as Executive Directors.
Hyderabad (Telangana) [India], June 14 (ANI): Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities.
Amara Raja Batteries Ltd (ARBL) on Monday announced energy and mobility as its strategic focus going forward to capitalise on emerging opportunities. It announced expansion of lead acid batteries business and establishment of a new energy strategic business unit encompassing lithium cell and battery pack, EV chargers, energy storage systems, advanced home energy solutions and related products and services. The company is well poised to build on its strengths and create multiple new growth engines in new energy space, said Vice Chairman Jayadev Galla who is poised to become the new Chairman as Founder Chairman Ramachandra Galla has decided not to seek reappointment after 36 years at the helm.