September 20, 2025: Indian lead battery group Amara Raja group said lead battery sales accounted for more than 95% of consolidated revenue totalling Rs3,401 crore ($386 million) for the first quarter of its financial year. Overall growth of the firm’s mainstay lead acid battery line was nearly 5% on a year-on-year basis.

Despite the focus on lead, Amara Raja said in a 2026 first-quarter conference call, that the firm had pumped Rs1,200 crore (the equivalent of $136 million) into its ‘new energy’ subsidiary developing its lithium tech business to date, since the subsidiary was launched in November 2022.

CFO of Amara Raja Energy & Mobility, Delli Babu Yendluri, said the investment had been made into the Amara Raja Advanced Cell Technologies (previously Advanced Energy Storage Technologies).

He said the group had already sold nearly 100MW in lithium battery cell packs to the telecom sector. However, the EV battery side of the business had slowed in the first quarter of this year because of lower demand from OEMs, although this was expected to rise in future.

Details of the conference call were published by India’s BSE stock exchange on August 22.

India’s 2026 fiscal year began on April 1.