PowerBuild Partners with Monbat AD for Battery Distribution in India
PowerBuild Batteries Private Limited has entered into an exclusive distribution agreement with European battery manufacturer Monbat AD to supply maintenance-free Valve Regulated Lead-Acid (VRLA) batteries in India. This partnership aims to enhance the country's battery ecosystem, targeting high-reliability applications in data centres and IT infrastructure, while supporting the Government of India's Make in India initiative. With India's digital infrastructure expected to grow significantly, this collaboration could create a market opportunity of ₹3,500-4,000 crore over the next decade.
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Time Technoplast's subsidiary, PowerBuild Batteries Private Limited, has signed an exclusive distribution agreement with Monbat AD, a European battery manufacturer, to enhance India's battery ecosystem. This multi-year collaboration allows PowerBuild to distribute Monbat's maintenance-free Valve Regulated Lead-Acid (VRLA) batteries in India, targeting high-reliability applications for data centres, IT infrastructure, and BFSI institutions.
The partnership supports the Government of India's Make in India initiative by bolstering domestic supply chains and technical support. India's digital infrastructure is rapidly expanding, with data centre capacity projected to grow by 3.0-3.5 GW in the next 7-10 years, requiring investments of around ₹2.3-2.5 lakh crore. This growth could generate a market opportunity of ₹3,500-4,000 crore for advanced VRLA batteries in India over the next decade.
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