Raw material cost inflation and margin pressure
Lead, alloys, plastics, and sulfuric acid prices have increased substantially, and further price hikes may be needed to protect margins.
AREM / Q4-FY26 / risks
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Amara Raja Energy & Mobility · Material risks, their source context, and severity in the latest available quarter.
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Risk intelligence
Material risks this quarter
high
Cost disadvantage vs. imported cells in new energy
Domestic cell manufacturing faces a cost disadvantage of $15-20/kWh vs. Chinese imports, and localization may not bridge the gap quickly.
Geopolitical and tariff risks in export markets
Export volumes were muted due to geopolitical issues in the Middle East and tariff barriers in North America, impacting lead-acid revenue.
Technology transfer challenges with Gotion partnership
The Gotion technology licensing deal faces headwinds from Chinese government restrictions, forcing self-reliant R&D and delaying LFP cell plans.