TL;DR
Amara Raja plans a ₹1,700 crore capital expenditure for FY27 to launch a lithium-ion battery plant by Q1 FY28, boosting India's EV manufacturing capabilities.
Amara Raja Energy & Mobility Ltd. has outlined a substantial capital expenditure plan of ₹1,700 crore for the fiscal year 2027, primarily aimed at establishing a new lithium-ion battery manufacturing plant. This significant investment is targeted towards supporting India's accelerating electric vehicle (EV) market by bolstering the domestic production of crucial battery components. The company aims to commission its new lithium-ion cell and battery pack facility by the first quarter of fiscal year 2028.
This strategic move underscores the growing commitment of Indian companies to localize EV component manufacturing, reducing reliance on imports and contributing to a self-reliant EV ecosystem. The investment by Amara Raja is expected to play a vital role in addressing the increasing demand for advanced battery technology from electric vehicle manufacturers across the country, further driving the 'Make in India' initiative within the green mobility sector.
