Atul Greentech and Amara Raja Group Partner for EV Battery Development

Key Highlights:

• Atul Greentech and Amara Raja have partnered to develop and supply LFP battery packs.
• Battery packs will be manufactured at Amara Raja’s Giga Corridor facility in Divitipalli, Telangana.
• This new agreement includes plans to co-develop advanced battery cells.
• India targets 80% EV sales in the three-wheeler segment by 2030.
• The partnership aims to boost domestic EV manufacturing and reduce reliance on imports.

In a major move towards strengthening India's electric vehicle (EV) infrastructure, Atul Greentech Private Limited (AGPL) and Amara Raja Group have announced a strategic partnership. The partnership focuses on the development and supply of Lithium Iron Phosphate (LFP) battery packs and chargers for electric three-wheelers.

Battery Packs to Be Manufactured in Telangana

The partnership agreement, signed in Ahmedabad, outlines that the LFP battery packs for Atul Greentech's electric three-wheelers will be produced at Amara Raja's advanced Giga Corridor manufacturing facility in Divitipalli, Telangana. This facility plays a crucial role in Amara Raja’s future-forward energy ecosystem. This strategic partnership is expected to accelerate India’s push towards localized EV component manufacturing. It strengthens domestic capabilities in energy storage and charging infrastructure while lowering dependency on foreign technologies.

The tripartite Memorandum of Understanding (MoU) involves three entities:

• Amara Raja Advanced Cell Technologies, a subsidiary of Amara Raja Energy & Mobility
• Atul Greentech Private Limited, a part of Atul Auto Limited
• Amara Raja Power Systems Limited

Battery Cells Under 'Atma Nirbhar Bharat'

The partnership also has plans to develop battery cells, including next-generation chemistry cells. These efforts align with the Indian government’s ‘Atma Nirbhar Bharat’ initiative, which encourages domestic innovation and reduced dependency on imports.

Leadership Insights:

Speaking about the tie-up, Vijay Kedia, Director at Atul Auto Limited, said, "Together with Amara Raja, we are confident of advancing our successful EV journey as India adapts to electric mobility."

Vijayanand Samudrala, President of New Energy at Amara Raja Energy and Mobility, added, "We believe that a domestic ecosystem of cells, packs, and chargers, along with research and development, is critical as India embraces electric vehicles."

India's Growing EV Market

This partnership is a response to the increasing shift in India’s automotive market toward electric mobility. The government has rolled out various schemes, like production-linked incentives (PLI), tax rebates, and many more. The aim of the Indian government is to reduce dependence on fossil fuels and cut carbon emissions. India aims to achieve:

• 30% EV penetration in private vehicles
• 70% in commercial vehicles
• 80% in two and three-wheelers by 2030

Industry experts estimate that the Indian EV market will expand at a compound annual growth rate (CAGR) of over 40% through the end of the decade.

About Atul Greentech

Atul Greentech, a wholly owned subsidiary of Atul Auto Limited, focuses on electric three-wheelers for both domestic and export markets. Its primary aim is to deliver efficient last-mile mobility solutions.

About Amara Raja Energy & Mobility

Amara Raja Energy & Mobility is a major player in India’s energy storage sector. It supplies battery solutions to sectors like telecommunications, railways, and the automotive industry. The company also exports its products to more than 50 countries, making it a significant contributor to India’s global energy footprint.

Also Read: Atul Auto Reports Strong Sales Performance for March 2025 and FY 2024-25

CMV360 Says

This collaboration shows how Indian firms are coming together to build a self-reliant EV ecosystem. It’s a good sign that the country is getting ready to lead the electric mobility revolution from within, with better infrastructure and stronger supply chains.