Hyderabad, May 6 : Amara Raja Batteries signed an MoU with the Telangana government to set up a lithium-ion battery gigafactory in Mahbubnagar district of the state. The gigafactory will have an ultimate capacity of up to 16 GWh and a battery pack assembly unit of up to 5 GWh. The company said that it aims to invest Rs 9,500 crore in the region over the next 10 years.

The industrial and automotive battery major said that the facility will be a state-of-the-art research and manufacturing facility. Amara Raja will invest Rs 9,500 crore over the next 10 years, after necessary approvals. 

The announcement was made in the presence of Minister for Industry and Commerce KT Rama Rao, and other senior officials. Congratulating the company, KT Rama Rao said, "Telangana has been a frontrunner in adopting sustainability, and it is a proud moment for the state to welcome the country’s largest ever investment in the lithium-ion cell manufacturing sector. Our aim is to become the most electrified state in India and having a gigafactory in Telangana further strengthens our aspiration to become an EV manufacturing hub and spearhead the EV revolution in India."