TIRUPATI: Amara Raja Batteries Ltd today said it plans to expand its two-wheeler battery capacity to over 22 million units per annum in the next two years.

“The current capacity (11 million) will cater to the market demand for the current and next financial year, which means it will cater to the demand for 2016-17, which will cater to 11 lakh. million per year will be available.

“We need to start work 18 months in advance, so we have started planning, including the technology and design that will be used in the new plant.” Amara Ramachandra N Galla told reporters here.

However, the cost of investment was not disclosed. Galla said the company is considering building the proposed plant in the north or west.

“We are evaluating all the options, I can’t say whether it will be a single plant or multiple plants,” he said, “but we will use the best technology.”

Meanwhile, Andhra Pradesh Chief Minister N Chandrababu Naidu will be the inaugurator of Amara Raja’s battery plant with an installed capacity of 2.25 four-wheeler batteries in Chittoor nunegulalllellllellllelllll village.

The total capacity of the four-wheeler battery plant will be 8.25 million units per year.

Gala said the company is currently supplying products to the following customers: Mahindra, Honda and Hero MotoCrop Negotiations with Bajaj for supply of two-wheeler batteries on OEM basis agreement

We cannot confirm when the contract will be completed,” he said. They are happy with the quality of pre-cut. Negotiations are on,” he said.

In terms of export markets, he said the company will focus on the South East Asian market, which is one of the largest markets for two-wheelers.

p “Currently, we dominate the Singapore market. With the free trade agreement with ASEAN reforming our tax structure, we will also focus on other Southeast markets.

On revenue, Galla The group said it hopes to reach 10 percent by the end of this year targeting $100 million.

Last fiscal, its revenue (tentatively) stood at Rs 54 billion.

The fourth quarter results of the group’s flagship company, Amarara Raja, are yet to be announced. /p The group is also interested in areas such as fruit processing and infrastructure.