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Lead-acid firm Amara Raja eyes India’s ‘billion dollar’ Li-ion market

Thu, 07/25/2019 - 09:54 -- Paul Crompton
Lead-acid firm Amara Raja eyes India’s ‘billion dollar’ Li-ion market

India’s Amara Raja has said supplying lithium-ion batteries for electric vehicles represents a multi-billion-dollar “sunrise space” to expand business in the country, while keeping its focus on lead-acid.

The company said India’s government-backed push for 40% of all private vehicle sales to be EVs by 2030 “is a US$42 billion opportunity” for lithium battery sales within that period.

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