Once we final wrote on Amara Raja in early June 2023, the corporate was nonetheless Amara Raja Batteries, and we beneficial a ‘purchase’ on the inventory as a result of its very affordable valuation of 15 instances its trailing 12-month earnings in addition to plans to stay related within the period of electrical automobiles (EV). … Read more
Amara Raja Superior Cell Applied sciences (ARACT), a wholly-owned subsidiary of Amara Raja Vitality & Mobility Ltd (ARE&M), has signed a Memorandum of Understanding (MoU) with Piaggio Automobiles Pvt Ltd, a 100 per cent Indian subsidiary of the Italian auto main Piaggio Group, to develop and provide LFP (Lithium Iron Phosphate) Lithium-Ion (Li-ion) cells and … Read more
Amara Raja Vitality & Mobility Restricted (ARE&M), (previously generally known as Amara Raja Batteries Restricted), has posted a web revenue of ₹245 crore within the first quarter ended June 30, 2024, in opposition to ₹199 crore in the identical quarter final yr. The corporate, which offers power storage options, Lithium-ion cell manufacturing, electrical car chargers, … Read more