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Exide Inds says operations disrupted due to COVID-19

Exide Industries after market hours on Thursday informed that the operations at some of the company s manufacturing units are temporarily affected and have been scaled down due to second wave of COVID-19
Exide said the uncertainties have been increased as the customer orders have started getting impacted. The auto ancillary company said it is reviewing the demand & supply situation and re-calibrating its operations accordingly while protecting the interest of its customers, dealers and suppliers.
The company aims to ensure optimal level of inventory at plants & dealerships in order to be prepared for a rebound in demand once the situation returns to normalcy. The company further said that it continues to work closely with its dealers and suppliers to minimize the impact of disruption in operations due to localized lockdown restrictions in various parts of the country. ....

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Amara Raja starts work on lithium-ion cells, sets up tech hub at Tirupati

Amara Raja Batteries, the country s second-largest automotive battery maker, has opened the country s maiden technology hub to develop lithium-ion cells, at its Tirupati facility in Andhra Pradesh.
The advanced lithium-ion technology research hub, the pilot project located at its headquarters in Tirupati, will become the country s first lithium-ion cell manufacturing facility in the private sector over the next few years, Amara Raja Batteries CEO S Vijayanand told PTI.
The company has a technology transfer agreement with the Indian Space Research Organisation (ISRO) since early 2019.
Vijayanand said Amara Raj has already invested Rs 20 crore into the hub, excluding technology transfer and bidding fees paid to the ISRO in January 2019 when the company along with nine others won competitive bids from the national space agency. ....

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