| Lead Acid Batteries - Automotive and Industrial | Lead-acid automotive batteries for 2W, 4W, CVs; industrial batteries for telecom, railways, solar, UPS sectors. | Strong OEM relationships, technology leadership, extensive distribution network, brand equity. | Automotive OEMs, telecom firms, industrial users; B2B and B2C mix. | Aftermarket automotive batteries and high-end industrial batteries. | 110000 | 85 | Sales to OEMs, aftermarket sales, and B2B supply agreements. | Direct sales and long-term contracts with OEMs; retail pricing for aftermarket. | Growing vehicle production and aftermarket replacement demand, telecom infrastructure expansion. | Amaron, PowerZone, Quanta |
| New Energy Business | Lithium-ion battery packs for EV and stationary storage, EV off-board chargers, battery recycling. | First-mover advantage in India for lithium manufacturing, R&D capabilities, strategic OEM partnerships. | EV OEMs, energy storage providers, B2B industrial customers. | Advanced lithium battery packs and fast chargers. | 1800 | 14 | Project orders, supply contracts, services, and product sales. | Contract manufacturing, project-based revenues, product sales. | Rapid EV adoption, government incentives, technology innovation, sustainability focus. | Amaron E+, Elito (lubricants) |
