Shares of Amara Raja Energy and Mobility Ltd were trading in the green and 4% higher on 20 December after the company announced that Hyundai Motors India (HMIL) will use AMARON’s Absorbent Glass Mat (AGM) battery technology across its domestic vehicle lineup.

These AGM batteries, intended for Starting, Lighting, and Ignition (SLI) applications, will be delivered as part of Hyundai’s ongoing procurement agreement with Amara Raja Energy & Mobility.

In its filing, the company added, “Hyundai Motor India Limited (HMIL) will integrate AMARON’s indigenously developed AGM battery technology into its domestic models. This marks the first instance of an Indian auto manufacturer adopting localized AGM technology, with rollout expected in the fourth quarter of FY 2024-25.”

This initiative reflects Hyundai’s dedication to advancing localization and delivering innovative, locally developed solutions for Indian customers.

Amara Raja Energy & Mobility, formerly Amara Raja Batteries Limited, is a prominent name in the energy and mobility industry and ranks among India’s leading lead-acid battery manufacturers. The company serves a wide array of sectors, including telecommunications, power, oil and gas, railways, and automotive.

At 1:04 pm, the shares of Amara Raja were trading 0.07% higher at Rs 1,221 on NSE.

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