HYDERABAD: Tirupati-based battery maker, Amara Raja Batteries Ltd (ARBL), on Monday said it will be expanding its lead acid batteries business and setting up a new energy strategic business unit (SBU) encompassing lithium cell and battery pack, EV chargers, energy storage systems, advanced home energy solutions and related products and services.
According to the company’s board, the role played by lead acid technology across a variety of applications provide growth opportunities in domestic and international markets. Besides, the emergence of lithium as an alternative energy storage technology also opens up new growth opportunities. Apart from investing in latest technologies, the company also expects to pursue inorganic opportunities, the board added.
