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amara raja batteries share price: New faces will compete with Amara Raja in lithium
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The Reserve Bank of India's Monetary Policy Committee (MPC) is likely to keep rates unchanged at its three-day meeting this week, as inflation has moderated well into the central bank's tolerance zone.
Sam Altman, OpenAI and ChatGPT have taken centre stage as the world discusses the impact of the artificial intelligence (AI) revolution on humanity. Given its explosive potential, the big question of how to regulate AI is one that countries are currently grappling with as ChatGPT mainstreams the technology, something Altman has clear views on.
The Railway Board has recommended a probe by the Central Bureau of Investigation (CBI) into the Balasore train accident that claimed about 300 lives, rail minister Ashwini Vaishnaw said Sunday.
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Vikramadithya Gourineni Amara Raja Batteries We understand that you are planning to invest about Rs 9,500 crore for this factory over 10 years. What could be the outflow over the next couple of years and how are you planning to fund this large capex? How much dependency on exports will you have in manufacturing a single battery pack and how much localisation of the product are you targeting eventually? Solar power prices five years ago were at Rs 15 per unit. But because of innovation and because of superior technology, they have come down to Rs 3 a unit. Do you see a similar factor at play when it comes to battery/cell manufacturing and that prices will just collapse by 60%, 70%, 80%, even 90% in the next three-four years? Do you think you need to constantly keep on investing in R&D to keep up with the technological revolution and competition? If the real bonanza we have hit as a country is in terms of the lithium reserves, first in Jammu and Kashmir and then in Rajasthan, how much of a game changer could that be for Amara Raja, for the industry, and for the entire country? How is the comparative landscape changing? Amara Raja and Exide were the two companies which were claiming that guys, we were the R&D, we know how to move from a lead manufacturing battery to a lithium manufacturing battery. But guess what? In the last three years, 15 companies are claiming the same. Is this entire battery manufacturing landscape becoming like a dotcom boom? I just get a sense that it is getting too competitive. Is it true? What is your product mix and where do you see your product mix changing in three to five years? At what time would you declare that you are making more lithium batteries and less traditional lead batteries? But if lithium is a higher margin and a better return on equity business, why would you be investing in the traditional battery manufacturing capacity?