According to a statement, Amara Raja Batteries Limited would become Amara Raja Energy and Mobility Limited (ARE&M). The business claimed that the strategic shift demonstrates its dedication to its new position as a full-service solutions supplier in the energy and mobility industries.
Details on after changing its name to Amara Raja Energy & Mobility, Amara Raja Batteries saw an increase in shares
Following the news, Amara Raja Batteries stock increased on the stock exchanges. Amara Raja Batteries shares were trading at Rs 641.80 at 11:10 a.m., up 0.49 percent.
One of the biggest producers of energy storage solutions for both industrial and automotive applications in the Indian battery market is Amara Raja Energy and Mobility, formerly known as Amara Raja Batteries.
According to a regulatory filing by the firm to the stock exchanges, it is the chosen supplier to major telecom service providers, telecom equipment manufacturers, the UPS sector (OEM & Replacement), Indian Railways, and the power, oil & gas, among other industry segments.
Automotive batteries, industrial batteries, battery energy storage solutions, lithium-ion cell manufacturing, a variety of EV chargers, lithium-ion battery pack assembly, renewable energy storage solutions, battery management systems, and lubricants are just a few of the services and goods Amara Raja Energy & Mobility Limited (ARE&M) provides.
The rebranding, according to the business, is the result of a two-year process to change from a battery producer to a full-service provider of solutions for the energy and mobility industries.
