India, April 14 -- The battery manufacturing industry around the world is witnessing a paradigm shift, spurred on by an increasing reliance on electricity, renewable energy, and energy storage. Lead acid batteries, which have traditionally dominated the industry, are now being replaced with new technology, particularly lithium ion batteries, that offer enhanced functionality. Amara Raja Energy & Mobility Limited is caught at the epicentre of this revolution.

Even as the traditional lead-acid battery division continues to contribute a major share of the company's income, newer segments such as lithium ion batteries and energy storage solutions are growing fast. The pressing strategic question now is whether the growth in the newer energy...