Amara Raja Energy & Mobility Limited (ARE&M) shares jumped over 2% after Hyundai Motor India Limited (HMIL) announced its partnership with ARE&M to integrate locally manufactured AGM batteries into its vehicles. Starting Q4 FY2024-25, HMIL will become the first Indian automaker to adopt this advanced domestic technology, supporting India’s “Atmanirbhar Bharat” initiative.
AGM batteries offer superior performance, durability, and efficiency compared to conventional alternatives, helping HMIL meet emission standards while advancing its vehicle innovation. This collaboration underscores HMIL’s commitment to localization and Indian manufacturing.
Amara Raja Energy shares opened at ₹1,266.95 today, reaching a high of ₹1,274.95 and a low of ₹1,241.00. The stock’s 52-week high is ₹1,775.95, while its 52-week low stands at ₹728.50.
As of 9:27 am, Amara Raja Energy shares were trading 1.84% higher at Rs 1,242.55 on the NSE.
Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
