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.
Mr 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, Mr. 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.”
About Atul Greentech
Atul Greentech Private Limited, a subsidiary of Atul Auto Limited, is committed to driving sustainable mobility forward. Specializing in the design and manufacturing of advanced electric three-wheelers, Atul caters to both domestic and international markets. With a strong focus on innovation and quality, Atul delivers reliable and efficient EV solutions for last-mile connectivity.
The company is dedicated to reducing carbon emissions while optimizing operational efficiency, making sustainable transportation more accessible and cost-effective.
Continuously expanding its product portfolio and technological capabilities, Atul remains at the forefront of clean mobility, shaping the future of eco-friendly transportation.
About Amara Raja Energy & Mobility Limited
Amara Raja Energy & Mobility Limited (ARE&M) encompasses a diverse range of solutions and products, which includes energy storage solutions, Lithium-ion cell manufacturing, wide range of EV chargers, Li-ion battery pack assembly, automotive and industrial lubricants, and exploration of new chemistries, among others.
ARE&M is also one of the largest manufacturers of energy storage products for both industrial and automotive applications in India. Amara Raja is the preferred supplier to major telecom service providers, telecom equipment manufacturers, the UPS sector (OEM & Replacement), Indian Railways, and the Power, Oil & Gas industry segments. Amara Raja’s industrial battery brands comprise of PowerStack®, AmaronVolt® and Quanta®. The company also manufactures India’s leading automotive battery brands Amaron® and Powerzone, which are distributed through a large pan-India sales & service retail network. The company supplies automotive batteries under OE relationships to Ashok Leyland, Ford India, Honda, Hyundai, Mahindra & Mahindra, Maruti Suzuki, and Tata Motors amongst others. Amara Raja’s Industrial and Automotive Batteries are exported to over 50 countries around the world.
