Dear Shareholders,
In a year marked by unprecedented global challenges, we have not just weathered the
storm but have also emerged as stronger and more resilient. Our journey this past year has
been a transformative one, marked by remarkable growth, strategic diversification and bold
new ventures.
A landmark moment of the fiscal year has been our rebranding to 'Amara Raja Energy
& Mobility Limited.' This change represents more than just a new name; it symbolises
our broader vision and dedication. Our new identity reflects our ambition to lead India's
energy transition, particularly in energy storage and mobility. This rebranding signifies
our evolution into a comprehensive solutions provider focused on innovation and
sustainability in the energy and mobility sectors.
Despite ongoing global geopolitical tensions, the Indian economy has remained one of
the fastest-growing economies in the world. In this dynamic scenario, the country's
manufacturing sector has demonstrated remarkable strength and adaptability. Enhanced
government impetus for promoting domestic manufacturing, such as offering incentives and
improving the ease of doing business, has made our industry poised for growth. At Amara
Raja, we are envisioning a bright future for the domestic manufacturing sector with great
optimism. We believe that its expansion will have a positive and far-reaching impact on
our business.
Government initiatives, such as the Faster Adoption and Manufacturing of Hybrid and
Electric Vehicles in India (FAME India) scheme, have catalysed the adoption of EVs in the
country. Increasing awareness about environmental sustainability, coupled with the
availability of incentives and charging infrastructure, has resulted in a significant
uptick in the demand for our EV batteries and chargers.
We are proud to contribute to India's sustainable development goals by facilitating the
adoption of EVs and reducing carbon emissions.
Fuelled by India's booming middle class and the government's push for infrastructure
development, the demand for vehicles in India has soared. This surge has translated into a
heightened demand for powerful and reliable automotive batteries. Recognising the
potential of this growing market, we have been leveraging our strong capabilities in
battery technology and existing distribution network to cater to this demand. I am pleased
to share that this has helped us achieve healthy growth in our lead- acid battery
business.
Understanding the evolving market dynamics, we have also forayed into new segments,
such as lubricants, on the strength of our wide distribution network. This diversification
strategy has proven successful, opening up new revenue streams and enabling us to further
bolster our market position.
Focused on expanding our global footprint, we are capitalising on increasing the demand
for our products in international markets.
Our robust product portfolio and reputation for delivering high-quality battery
solutions have enabled us to forge strong partnerships and secure new business
opportunities worldwide, including a leading retail chain in the United States. We are
looking forward to building on this success and pursuing avenues for growth in
international markets.
Recognising the market shift towards electric vehicles (EVs), we have prudently
invested in the research and development (R&D) and manufacturing of lithium-ion cells
and batteries. As India embraces sustainable transportation, we are committed to being at
the forefront of this transition. Our lithium-ion battery offerings will not only cater to
the significant growth in EVs but will also enable us to expand into new markets and
industries that demand high-performance energy storage solutions. Our EV charger business
has yielded promising results. We have secured a strong order pipeline, which has helped
us capture a strong share of the growing charging infrastructure market. As the EV
ecosystem continues to develop in India and around the world, we are well-positioned to
play a crucial role in shaping the future of sustainable transportation.
Sustainability is a core principle at Amara Raja. We integrate it throughout our value
chain, from design to manufacturing and logistics. During the fiscal year, we were proud
to affirm our ambitious goal of achieving net-zero emissions by 2050.
We are also working towards shaping a better tomorrow for our communities. While
research continues to show that a strong internal culture of integrity and inclusion is
the best environment for innovation, we are maintaining a focus on both external and
internal communities as we work to make a social impact—increase access to education,
employability and healthcare—and create a m.,e equitable and innovative future.
As we look ahead, our strategic focus remains on innovation, sustainable growth and
operational excellence. We will continue to invest in R&D, expanding our manufacturing
capabilities and strengthening our market position. Our commitment to delivering
best-in-class products, fostering customer-centricity and maintaining the highest
standards of corporate governance will remain steadfast.
I would like to express my sincere gratitude to all our shareholders for their
consistent support and trust in Amara Raja Energy & Mobility Limited. It is your
confidence and belief in our vision that has propelled us to new heights. Together, we
will navigate the challenges, seize the opportunities and continue to create sustainable
value.
Thank you for your continued support and investment in Amara Raja Energy & Mobility
Limited.
Sincerely,
Jayadev Galla
Chairman and Managing Director Amara Raja Energy & Mobility Limited