New lithium-ion battery unit to be set by Amara Raja Batteries
The flagship company of the Amara Raja Group, Amara Raja Batteries would set up a state-of-the-art research and manufacturing facility for lithium-ion batteries in the Mahbubnagar district. Amara Raja intends to invest over Rs 9,500 crore over the next 10 years in the lithium cell gigafactory with an ultimate capacity of up to 16 GWh and a battery pack assembly unit of up to 5 GWh.
A formal MoU is signed by the firm in regard to the project with the state government of Telangana.
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