The old order changeth, but not entirely yielding place to the new. So, both new-age lithium-ion and legacy lead-acid cell businesses could get near-equal shares of financing at Amara Raja Batteries NSE 1.35 %, which is aiming to put about $2 billion over the next decade into the two energy technologies.
The company is looking to apply for the government’s new production-linked incentive (PLI) scheme for advanced chemistry cells to break into the electric vehicle (EV) battery market.
