Telangana: Amara Raja Batteries to invest Rs 9,500 crore in battery manufacturing, R&D

Hyderabad: Amara Raja Batteries Ltd announced on Friday that it plans to invest Rs 9,500 crore in Telangana over the next ten years to establish research and manufacturing facilities for the state’s lithium-ion battery industry.
Amara Raja Batteries announced in a regulatory filing that the business and the Telangana government signed a memorandum of understanding (MoU) on Friday to establish research and manufacturing facilities for lithium-ion battery production in the Mahbubnagar district.
KTR termed the move as ‘yet another historic win for Telangana’.
“Yet another historic win for Telangana Amara Raja to setup India’s largest Lithium Ion Cell Manufacturing facility till date with an investment of ₹9,500 Cr, further reinforcing Telangana’s position as an ideal destination for EV and Advanced Cell Chemistry (ACC) Manufacturing.
This is a crucial step in the direction of achieving sustainable mobility, and making India self-reliant With this Telangana is now amongst the select few regions in the world hosting a Lithium ion Giga factory Factory to be setup at Divitipalli, Mahbubnagar will employ 4,500,” KTR tweeted.
Yet another historic win for Telangana Amara Raja to setup India’s largest Lithium Ion Cell Manufacturing facility till date with an investment of ₹9,500 Cr, further reinforcing Telangana’s position as an ideal destination for EV and Advanced Cell Chemistry (ACC) Manufacturing. pic.twitter.com/z0h5BlwUyz — KTR (@KTRBRS) December 2, 2022 “Over the next 10 years, the company intends to invest over Rs 9500 crore, after necessary approvals,” it added.