What Amara Raja Batteries Ltd. does

Amara Raja Energy & Mobility Limited (ARE&M), the listed flagship of the Amara Raja Group, is one of India's largest manufacturers of automotive and industrial batteries, operating under brands including Amaron, Powerzone, PowerStack, AmaronVolt, and Quanta. Founded in 1985 and headquartered in Hyderabad, the company reported USD 2 billion in group revenue for FY24 and employs over 21,800 people across six group companies and seventeen businesses. Its core technology base spans lead-acid battery manufacturing, lithium-ion cell and battery pack assembly, EV chargers, and advanced AGM battery technology, with primary manufacturing concentrated in Tirupati, Andhra Pradesh and a new Gigafactory under construction in Mahabubnagar, Telangana targeting 30 GWh of Li-ion cell capacity.

ARE&M generates revenue through hardware sales across five primary streams: automotive batteries (OE supply and aftermarket), industrial batteries (telecom, UPS, railways, power, oil & gas), a New Energy business (Li-ion cells, EV chargers, battery packs), automotive and industrial lubricants, and exports to over 50 countries. The go-to-market model is sales-led, combining direct OEM supply relationships with seven major Indian automakers (Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, Tata Motors), a pan-India aftermarket retail network, and emerging direct EV battery partnerships with Ather Energy, Piaggio India, and Atul Greentech. Recent expansion includes entry into defence electronics for naval sonar systems, a US subsidiary, and a strategic equity investment in European battery technology company InoBat to underpin its lithium-ion roadmap.

The business is undergoing a strategic transition under Chairman and Managing Director Jayadev Galla (who succeeded founder Dr. Ramachandra N Galla in 2021) from a lead-acid incumbent toward an integrated 'Energy and Mobility' platform spanning Li-ion cells, EV infrastructure, and adjacent electronics. Capital intensity is high, with a planned ₹9,500 crore Gigafactory investment, while the legacy lead-acid business provides stable cash flow to fund the transition.

Name

Amara Raja Batteries Ltd.

Legal name

Amara Raja Energy & Mobility Limited

Website

https://amararaja.com

Company type

Public

Founded year

1985

Operating status

Operating

Headcount range

5,001–10,000 employees

Short description

Amara Raja Energy & Mobility is one of India's largest battery manufacturers, producing automotive and industrial lead-acid and lithium-ion batteries, EV chargers, and battery packs under brands like Amaron, supplying major Indian automakers, telecom operators, and industrial customers across 50+ countries.

Ownership category

akta.pro rank

Product category

Battery Manufacturing

NAICS

Battery Manufacturing (33591), Battery Manufacturing (335910), Motor Vehicle Electrical and Electronic Equipment Manufacturing (33632), Motor Vehicle Electrical and Electronic Equipment Manufacturing (336320)

SIC

Electronic & Other Electrical Equipment (No Computer Equip) (3600), Wholesale-Motor Vehicle Supplies & New Parts (5013)

akta.pro primary industry

Battery Cells (Li-ion, LFP, Sodium-ion, Lead-acid, NiMH) (IMAGAHAA)

akta.pro secondary industries

Automotive Batteries & 12V/Low-Voltage Energy Storage Manufacturing (IMACAJAJ), Battery Cell Manufacturing (EV) (IMACACAB), Battery Pack & Module Manufacturing (EV) (IMACACAA), Battery Modules & Packs (Industrial/Commercial pack assembly) (IMAGAHAB), Battery Pack Manufacturing & Module Assembly (EUAFABAI), Car Chargers & Vehicle Power Adapters (CRACATAB)

Keywords

• Automotive battery manufacturing
• Industrial battery solutions
• Lithium-ion cell manufacturing
• Energy storage systems
• EV chargers and battery packs

Headquarters

HQ city

Hyderabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Supply Chain, Operations, Personnel, Infrastructure, Technology or R&D, Marketing or Sales

Revenue model

1. Automotive Batteries: Manufacturing and sales of automotive batteries under Amaron and Powerzone brands for OEMs and aftermarket. Supplies to major Indian automakers including Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors.
2. Industrial Batteries: Energy storage products for UPS (OEM & Replacement), Railways, Power, Oil & Gas industries. Industrial battery brands include PowerStack, AmaronVolt, and Quanta. Preferred supplier to major telecom service providers and equipment manufacturers.
3. New Energy Business: Li-ion cell manufacturing, EV chargers, battery pack assembly, and exploration of new chemistries. Crossed ₹200 crore revenue milestone in Q3 FY26 with strong domestic telecom battery pack demand.
4. Automotive and Industrial Lubricants: Manufacturing and distribution of lubricants for automotive and industrial applications.
5. Exports: Automotive and industrial batteries exported to over 50 countries around the world, with market share gains across multiple regional markets.

Go-to-market motion1 record

Distribution channels5 records

Marketing channels7 records

Core offering

Amara Raja Energy & Mobility manufactures and sells automotive batteries under the Amaron and Powerzone brands, industrial batteries under PowerStack, AmaronVolt, and Quanta brands, and is expanding into Li-ion battery packs, EV chargers, and lithium-ion cells. The company supplies automotive OEMs (Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, Tata Motors), the aftermarket replacement market through a pan-India retail network, and industrial customers in telecom, UPS, railways, and power and oil and gas segments, with exports to over 50 countries.

Product overview

Amara Raja Energy & Mobility Limited operates as a comprehensive solutions provider in the Energy & Mobility space, encompassing a diverse range of solutions and products including energy storage solutions, Lithium-ion cell manufacturing, wide range of EV chargers, Li-ion battery pack assembly, automotive and industrial lubricants, and exploration of new chemistries. The company is one of the largest manufacturers of energy storage products for both industrial and automotive applications in India, with automotive brands Amaron® and Powerzone and industrial brands PowerStack®, AmaronVolt®, and Quanta®. The company's New Energy Business includes battery packs, chargers, and lithium-ion cell manufacturing for electric mobility applications. Products are supplied under OE relationships to major automakers and serve telecom, UPS, Indian Railways, and Power/Oil & Gas sectors.

Differentiator

Problem solved

Functional benefit

Brands

• AMARON: India's leading automotive battery brand distributed through pan-India sales and service retail network
• Powerzone
• AmaronVolt
• PowerStack
• Quanta

Products and services

• Amaron Automotive Batteries India's leading automotive battery brand, sold through a large pan-India sales and service retail network for OE fitment at major automakers (Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, Tata Motors) and through the aftermarket replacement channel.
• Powerzone Automotive Batteries Aftermarket automotive battery brand distributed through the pan-India retail network alongside Amaron, positioned in the replacement battery segment.
• PowerStack Industrial Batteries Industrial battery brand supplied to telecom service providers, telecom equipment manufacturers, the UPS sector (OEM and replacement), Indian Railways, and power, oil and gas industry customers.
• AmaronVolt Industrial Batteries Industrial battery brand in the Amara Raja portfolio for energy storage products serving industrial applications.
• Quanta Industrial Batteries Industrial battery brand targeting UPS and industrial power backup applications as part of Amara Raja's industrial product portfolio.
• Li-Ion Battery Packs Lithium-ion battery packs for electric vehicles and telecom applications, with deployment exceeding 1 GWh across India's telecom networks, supplied through EV battery pack supply partnerships.
• EV Chargers Wide range of electric vehicle chargers designed and manufactured by Amara Raja Energy & Mobility for the Indian EV ecosystem.
• Lithium-Ion Cells Lithium-ion cells manufactured at the upcoming Gigafactory in Telangana targeting 30 GWh of EV battery cell manufacturing capacity, with technology partnerships supporting development.
• Automotive and Industrial Lubricants Wide range of lubricants manufactured and distributed for automotive and industrial applications as part of Amara Raja's diversified product portfolio.
• Defence Electronics - Naval Sonar Systems Components for India's naval sonar systems supplied and manufactured by Amara Raja as part of the company's diversification into strategic defence electronics.

Quantifiable outcome

• Crossed 1 GWh lithium storage deployment for India's telecom networks
• +2 more outcomes

Named customers14 records

Segments4 records

Ideal customer profiles4 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

15 partnerships are on record, tiered key, supporting, core and minor.

• Atul GreentechkeyStrategic or Co-development Partner · 16 April 2025Partnership for development and supply of EV batteries to Atul Greentech expanding the customer base for new energy products.
• Hyundai Motor India LimitedkeyOEM/ Whitelabel/ Licensing Partner · 19 December 2024Hyundai became first automaker to offer Made-in-India AGM battery technology, procuring from Amara Raja Energy & Mobility. Represents first OE relationship for advanced AGM technology.
• NTPCkeyStrategic or Co-development Partner · 25 November 2024Amara Raja Infra successfully commissioned India's first green hydrogen fueling station for NTPC in Leh, showcasing capabilities in alternative energy infrastructure.
• Piaggio IndiakeyStrategic or Co-development Partner · 10 August 2024MoU signed with Piaggio India for two-wheeler battery supply partnership, expanding presence in electric two-wheeler market.
• NTPC (Anta Solar PV Project)keyStrategic or Co-development Partner · 3 August 2024Amara Raja Infra commissions NTPC's Anta Solar PV Project, showcasing EPC capabilities in solar power projects.
• Ather EnergykeyStrategic or Co-development Partner · 1 August 2024Partnership for development and supply of EV batteries. Amara Raja inks pact with Ather Energy for battery pack supply as part of expanding new energy business.
• IIT TirupatisupportingStrategic or Co-development Partner · 21 July 2024Establishment of chair professorship in energy storage technologies at IIT Tirupati to build R&D capabilities and talent pipeline.
• Gotion-InoBat-Batteries (GIB)coreTechnology or Integration · 26 June 2024Strategic technology collaboration for lithium-ion cell manufacturing. GIB combines Gotion High-Tech's battery technology with InoBat's capabilities. Amara Raja has invested to increase stake in InoBat, making it a key technology partner for the Gigafactory project.
• InoBatcoreStrategic or Co-development Partner · 21 June 2024European EV battery technology company. Amara Raja invested €20 million to increase stake in InoBat as part of its strategy to develop lithium-ion cell manufacturing capabilities. Collaboration involves technology sharing for battery development.
• GreenkokeyStrategic or Co-development Partner · 19 April 2024Amara Raja Infra won Greenko's 700MWp solar project, expanding renewable energy project portfolio.
• GMRkeyStrategic or Co-development Partner · 27 February 2023Amara Raja and GMR collaborating to set up E-Hub at AeroCity Hyderabad, an electric mobility hub for EV charging and services.
• Log9minorStrategic or Co-development Partner · 8 September 2021Investment of Rs 37 crore to pick up stake in Log9, an EV battery technology company, as part of strategic investment in emerging battery technologies.
• BlazeminorStrategic or Co-development Partner · 2 March 2020Joint venture to manufacture IoT devices for global market, expanding into connected device manufacturing.
• Johnson ControlscoreTechnology or Integration · 10 March 2018Technology collaboration agreement for battery technology. Enables Amara Raja to leverage Johnson Controls' expertise and adapt technologies for local market conditions.
• IIT ChennaisupportingStrategic or Co-development Partner · 10 March 2018Research partnership with IIT Chennai to develop lithium-ion battery technology and grab a share of the $300 billion lithium-ion battery market.

Scale indicators11 records

Recent moves11 records

Expansion highlights7 records

Broad incumbents

• BYD: BYD is both a major EV OEM and one of the world's largest Li-ion cell producers (with LFP Blade Battery). Its vertical integration in EVs and batteries makes it the primary long-term competitive threat to standalone cell manufacturers like Amara Raja.
• Panasonic Energy: Panasonic Energy is a major global Li-ion cell manufacturer with deep OEM relationships (notably Tesla). It represents the established-incumbent competitive set that Amara Raja must displace or partner around as it scales its Gigafactory.
• Tata Group (Tata Motors / Tata Chemicals battery initiatives): Tata Motors is both an Amara Raja OEM customer and a competitor through Tata Group's broader EV and battery initiatives (including Agratas and Tata Chemicals lithium-ion plans). Tata is the dominant Indian EV OEM and is building captive Li-ion capacity, making it the most consequential large player straddling customer and competitor.
• CATL: CATL is the global Li-ion cell leader with hundreds of GWh of capacity and OEM relationships across the EV industry. It is the cost-and-scale benchmark for any entrant, including Amara Raja, that wants to serve Indian and global EV OEMs.
• LG Energy Solution: LG Energy Solution is one of the world's largest Li-ion cell manufacturers, supplying global EV OEMs and energy storage customers. It represents the global scale benchmark against which Amara Raja's upcoming 30 GWh Telangana Gigafactory will be evaluated.

Direct peers

• Luminous Power Technologies: Luminous (Schneider Electric) manufactures inverter/UPS batteries and home power backup solutions in India, directly competing with Amara Raja's PowerStack, AmaronVolt and Quanta industrial brands in the UPS and replacement channel. Both compete for the same Indian SMB and residential power-backup customer.
• HBL Power Systems: HBL is an Indian battery manufacturer spanning industrial batteries (railways, telecom, UPS, defense) and emerging Li-ion cells, with product overlap to both Amara Raja's industrial lead-acid business and its New Energy / telecom Li-ion storage line.
• Exide Industries: Exide Industries is Amara Raja's closest direct competitor in India, manufacturing automotive and industrial lead-acid batteries (Exide, SF Sonic, Index, Chloride) and now expanding into Li-ion. Both companies sell into identical Indian automotive OEMs and the pan-India aftermarket, making revenue, margin and market-share moves directly comparable.
• Livguard Energy: Livguard is an Indian inverter/UPS and automotive battery manufacturer backed by SAR Group, competing with Amara Raja in the aftermarket replacement channel and increasingly in Li-ion energy storage for telecom and residential applications.
• Okaya Power: Okaya manufactures inverter, automotive and Li-ion batteries in India, competing directly with Amara Raja's Powerzone and Amaron aftermarket brands as well as its Li-ion storage products. Both target the Indian retail and small-business power-backup segment with overlapping dealer networks.

Market position

Strengths4 records

Weaknesses4 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/amararaja
• Xx.com/AmaraRaja_Group
• Facebookfacebook.com/AmaraRajaGrp

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 records

Subsidiaries8 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Amara Raja Batteries Ltd.