Amara Raja Batteries setting up 3rd automotive plant at Rs 700 crore

Amara Raja Batteries

Andhra Pradesh Industries Minister N Amarnatha Reddy laid the foundation-stone for Amara Raja Batteries Limited’s third automotive battery manufacturing plant at Chitoor in Andhra Pradesh.

Being set up at an investment of Rs 7 billion for the first phase, the plant will come up with a capacity of 6.5 million units.

According to a statement from the company, Amara Raja would scale up capacity in the new plant to 10.8 million units in phases to make it one of the largest such facilities in the country.

It would employ 1,300 people when it reaches full capacity. The company recently signed a technology collaboration agreement with long-time partner Johnson Controls to introduce advanced battery technologies to India.

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Author: Research Desk