Hyundai Motor India Limited (HMIL) has announced plans to use Made-in-India Absorbent Glass Mat (AGM) battery technology in its domestic car lineup. These AGM batteries, provided by Amara Raja Energy & Mobility Limited (ARE&M), will serve as Starting, Lighting, and Ignition (SLI) batteries. The batteries will be introduced in Q4 of FY 2024-25 as part of HMIL’s existing supply agreement with ARE&M.
Hyundai will become the first car manufacturer in India to use locally made AGM battery technology. This initiative aligns with Hyundai’s commitment to promoting localisation and delivering innovative, locally sourced technologies to meet the needs of Indian customers.
Commenting on the announcement, Mr Gopalakrishnan Chathapuram Sivaramakrishnan, Whole-time Director and Chief Manufacturing Officer – of HMIL, said, “At Hyundai Motor India Limited, adopting innovative technology to exceed the ever-evolving customer expectations has been our forte.”
He further added, “HMIL is poised to become the first auto OEM in India to introduce indigenously manufactured AGM (Absorbent Glass Mat) battery technology in its products, made by Amara Raja Energy & Mobility Limited. Besides, working with an Indian company for this world-class technology is a true testament to HMIL’s commitment towards localisation, which is well aligned with the Government of India’s ‘Atmanirbhar Bharat’ initiative.”
HMIL’s focus on localisation includes working with over 194 vendors for more than 1,200 components at its Chennai plant. Its upcoming Talegaon facility will also adopt a localization-centric strategy, helping Hyundai bring next-gen, eco-friendly vehicles tailored for Indian consumers.
This collaboration highlights Hyundai’s commitment to integrating innovative, sustainable solutions for its customers while supporting India’s economic and environmental goals.
Hyundai Motor India share price is currently trading at ₹1,775.00, down by ₹12.45 (0.70%) as of 9:50 AM on December 20. The stock opened at ₹1,793.25 and reached a high of ₹1,807.95, with a low of ₹1,775.00.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
Published on: Dec 20, 2024, 9:56 AM IST
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