Amara Raja Energy and Mobility Limited

Sector: Batteries and Energy Storage  |  HQ: Tirupati, Andhra Pradesh  |  Founded: 1985  |  Employees: ~16,000

Listed as: NSE / BSE listed (renamed from Amara Raja Batteries in 2023)  |  NSE / BSE  |  Ticker: ARE&M.NS  |  Website →

Key people

• Jayadev Galla (Vice Chairman and MD)

Company overview

Amara Raja Energy and Mobility Limited (formerly Amara Raja Batteries) is India's second-largest lead-acid battery manufacturer after Exide, with strong presence in automotive batteries (Amaron brand for cars and two-wheelers), industrial batteries (PowerZone), and an emerging lithium-ion cell manufacturing investment. The Amaron brand is one of India's most-recognised automotive battery brands. FY25 revenue approximately ₹11,500 crore.

Business model

Automotive lead-acid (OEM and replacement), Industrial lead-acid (UPS, telecom, solar), lithium-ion cell and pack assembly under the PLI ACC scheme.

Operating segments

Recent developments

April 2026

Amara Raja Energy & Mobility continues its strategic repositioning from a traditional battery manufacturer toward broader energy and mobility solutions, marked by its September 2023 rebranding from Amara Raja Batteries [7]. The company has demonstrated solid financial momentum, reporting a 15% revenue jump in Q4 FY24 [9] and a six percent rise in quarterly revenue more recently [2]. Strategic technology partnerships, including a collaboration with Piaggio India for lithium-ion cells [8], underscore its push into emerging energy segments.

The company is also expanding its consumer-facing brand visibility through major IPL 2026 sponsorships with Delhi Capitals and Kolkata Knight Riders [4]. However, a recent Calcutta High Court ruling upholding Exide's trade dress injunction against the Amaron brand [1] presents a legal challenge. On the leadership front, Chandrasekar Radhakrishnan took charge as Chief Business Officer in October 2025 [3], bringing new executive direction to the company's growth initiatives.

Sources (7)

1. Seeing Red: Calcutta High Court Upholds Exide’s Trade Dress Injunction Against Amaron - BananaIP Counsels · BananaIP Counsels · Tue, 14 Apr 2026
2. Amara Raja Energy & Mobility Reports Six Per Cent Rise in Quarterly Revenue - Construction World India · Construction World India · Fri, 13 Feb 2026
3. Chandrasekar Radhakrishnan Takes Charge as CBO at Amara Raja Energy & Mobility - Exchange4Media · Exchange4Media · Mon, 27 Oct 2025
4. IPL 2026: Amaron teams up with Delhi Capitals and KKR - Mediabrief.com · Mediabrief.com · Tue, 07 Apr 2026
5. Amara Raja Batteries rebrands as Amara Raja Energy & Mobility, company's shares rise - Business Today · Business Today · Thu, 28 Sep 2023
6. Amara Raja Teams Up with Piaggio India for Lithium-ion Cells - Energetica India Magazine · Energetica India Magazine · Mon, 12 Aug 2024
7. Amara Raja reports 15% jump in revenue in Q4 of FY24 - Indian Chemical News · Indian Chemical News · Thu, 30 May 2024

Financial performance and recent trajectory

FY25 revenue ₹11,500 crore. EBITDA margin 13-15 percent. Lithium-ion capex is the principal investment focus.

Stock performance and shareholder context

NSE: ARE&M. Galla family promoter holding.

12-month price trajectory

Monthly closes over the last 12 months. Source: Yahoo Finance.

Competitive position

Number-two in Indian lead-acid batteries. Among the early movers in lithium-ion cell manufacturing under PLI ACC.

Key risks

EV transition impact on lead-acid OEM; lithium-ion cell execution; commodity volatility.

Outlook

Lithium-ion cell ramp through FY27-28 is the principal catalyst.

KAMRIT point of view

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Disclaimer: This profile is compiled by KAMRIT Financial Services LLP for educational and benchmarking purposes only. It is not investment advice, a recommendation to buy or sell securities, or a solicitation. Stock data is provided by Yahoo Finance and may be delayed by up to 20 minutes. Company financial commentary draws on publicly available filings, exchange disclosures, and KAMRIT industry research. Readers should consult a SEBI-registered investment adviser before making investment decisions. KAMRIT is a financial services and compliance firm, not a SEBI-registered investment adviser.