“Atul Greentech has always been at the forefront of innovation that benefits and empowers our customers. Together with Amara Raja we are confident of advancing our successful EV journey as India adapts to electric mobility.” Vijay Kedia, Director at Atul Auto Limited
“We believe that a domestic ecosystem of cells, packs, chargers along with research and development is critical as India embraces electric vehicles and are working with likeminded partners to offer them best in class products for their needs.” Vijayanand Samudrala, President, New Energy, Amara Raja Energy and Mobility (ARE&M)
Atul Greentech Private Limited (AGPL), a subsidiary of Atul Auto Limited and Amara Raja Group, a US$ 2 Billion Global conglomerate with a presence in various industries, have recently announced a strategic partnership agreement for collaboration in development and supply of LFP (Lithium Iron Phosphate) Battery packs and chargers for electric vehicles (EVs). The collaboration will extend to development of cells, including advanced chemistry cells for Atul Greentech’s upcoming offerings in line with India’s vision of “Atma Nirbhar Bharat.”
The tripartite Memorandum of Understanding (MoU) was signed between Amara Raja Advanced Cell Technologies (ARACT), a wholly owned subsidiary of Amara Raja Energy & Mobility (ARE&M), one of India’s leading battery manufacturers, Atul Greentech Private Limited, and Amara Raja Power Systems Limited in Ahmedabad.
As part of this agreement, the battery packs for Atul Greentech’s three wheelers will be manufactured at Amara Raja’s Giga Corridor in Divitipalli, Telangana.
India’s focus on clean energy transition has seen the Indian automotive industry transition towards EVs, particularly in the two-wheeler and three-wheeler segments. Both Amara Raja and Atul Greentech have chartered ambitious plans to tap into this growing market potential.
Vijay Kedia, Director at Atul Auto Limited, “Amara Raja and Atul Greentech have long -standing mutually beneficial partnership and I am happy to strengthen it further with the MoU we have signed today. Atul Greentech has always been at the forefront of innovation that benefits and empowers our customers. Together with Amara Raja we are confident of advancing our successful EV journey as India adapts to electric mobility.”
Speaking about the partnership, Vijayanand Samudrala, President, New Energy, Amara Raja Energy and Mobility (ARE&M) said, “Amara Raja Group is committed to play the role of a catalyst in India’s energy transition. We believe that a domestic ecosystem of cells, packs, chargers along with research and development is critical as India embraces electric vehicles and are working with likeminded partners to offer them best in class products for their needs. We have immense respect for their contribution to electrify mobility in India and we are hopeful that this new agreement will further enhance their product portfolio.”
