“We believe that the capacity constraints of other companies
in the market are benefitting Amara and we expect further market-share gains as punch-grid technology gains acceptance,” said research firm Anand Rathi Communications. They expect both OEM and the replacement business to gain market shares. Also, the company’s entry into tower-monitoring systems (currently addressing 550 towers) augurs well for a new revenue stream for its industrial business.
The company said that in the automotive segment, both the OEM and aftermarket demand saw a sharp raise. Vehicle production saw a month-on-month rebound to refill the dealer inventories and gear up for demand during the upcoming festive season. Personal mobility preferences also saw increased purchase of 2W and entry level passenger vehicles. The aftermarket saw strong pent-up demand sustaining after the lifiting of initial lockdowns and with easing of logistics, channel sales and distribution activities were streamlined to meet the demand.
Industrial business continued to see sustained demand from telecom and commercial UPS market segments on the back of enhanced priorities for keeping the data network uptimes near 100%.
Exports of automotive batteries and industrial batteries also saw an upsurge as markets across the geographies opened up.
An analyst report quoting the management stated the capex was at Rs 450–500 crore for FY21, (earlier guidance of Rs 400 crore) as the company expanded 4W (2m units) and 2W (2–3m units) capacities.