News Update
🔸In a Press release, Amara Raja Energy & Mobility Limited has announced partnership with Hyundai Motor India Limited to supply Made-in-India Absorbent Glass Mat lead acid batteries, marking a significant advancement in localization of advanced battery technology.
🔸These AGM batteries, which outperform conventional Complete Maintenance Free batteries by approximately 150% in durability tests, will be integrated into Hyundai's domestic product line up by Q4FY25.
Our View
🔸AGM batteries offer quick charging, longevity, low self-discharge, minimal maintenance and high-power efficiency, making them suitable for vehicles with ISG (Idle Stop and Go) systems.
🔸With healthy growth in the base lead acid battery business and industry beating margins coupled with increasing execution on the Li-On battery front, we have a positive view on the Amara Raja.
🩷 & 🔄 for better reach!
Disclaimer: bit.ly/full-disclaimer
🔸In a Press release, Amara Raja Energy & Mobility Limited has announced partnership with Hyundai Motor India Limited to supply Made-in-India Absorbent Glass Mat lead acid batteries, marking a significant advancement in localization of advanced battery technology.
🔸These AGM batteries, which outperform conventional Complete Maintenance Free batteries by approximately 150% in durability tests, will be integrated into Hyundai's domestic product line up by Q4FY25.
Our View
🔸AGM batteries offer quick charging, longevity, low self-discharge, minimal maintenance and high-power efficiency, making them suitable for vehicles with ISG (Idle Stop and Go) systems.
🔸With healthy growth in the base lead acid battery business and industry beating margins coupled with increasing execution on the Li-On battery front, we have a positive view on the Amara Raja.
🩷 & 🔄 for better reach!
Disclaimer: bit.ly/full-disclaimer