Amara Raja Opens Tech-hub for Lithium-ion Cells in Tirupati
- Amara Raja Batteries has opened the nation's first technology hub to create lithium-ion cells, at its Tirupati center in Andhra Pradesh.
Amara Raja Batteries, a leading automobile battery manufacturer in India has actually announced that it has opened the country's first technology hub to develop lithium-ion cells, at its Tirupati facility in the state of Andhra Pradesh.
The firm has a technology transfer agreement with the Indian Space Research Organisation (ISRO) since very early 2019. Under the tech transfer, ISRO will certainly assist these business set up lithium-ion cell production units and also train their personnel.
The advanced lithium-ion modern technology study center, the pilot project situated at its head office in Tirupati, will certainly become the nation's very first lithium-ion cell production facility in the economic sector over the next couple of years, according to the firms' CEO S Vijayanand.
He additionally informed PTI, that the firm has actually spent Rs 20 crore into the center, past the modern technology transfer and bidding process charges paid to the ISRO in January 2019 when the business in addition to 9 others won competitive proposals from the national area company. The arrangement with ISRO for the lithium-ion cell technology transfer is without any royalty repayment, he stated. Ten firms that obtained the modern technology licence need to pay just the bidding process charges and modern technology transfer charges that have actually currently been paid by Amara Raja.
The Chief Executive Officer believes that by 2025, two-and three-wheelers penetration will touch 20-25 percent in the nation. The numbers are skewed in the direction of even more three-wheelers as they are readily more feasible and also such level of infiltration can offer the emergency for EV adoption. However, he additionally opined that despite the promote lithium-ion cell advancement, lead-acid batteries will certainly remain to grow at the very least for a few more years and that lithium cells made use of in electric lorries (EVs) will take some time to get business grip.
Previously this month, the firm had issued its financial results for the 3rd quarter (Q3) of FY 2021. As well as also revealed that it will be establishing a 50 MW solar power plant in Andhra Pradesh. The company had actually additionally stated in the results that it had inaugurated the "Advanced Lithium Technology Research Hub" with a Pilot plant facility for cell development.
To support the sustainability campaigns, the company had revealed that it is setting up a 50 MW solar energy plant in Chittoor Area of Andhra Pradesh at an overall expense of Rs 220 crore. This will additionally minimize the price of power and all at once reduce the carbon footprint of the company.
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