Tata to Build Rs. 130 Billion Electric Vehicle Battery Plant in Gujarat 2f2942 Technology News

The Tata plant would make Gujarat a leader in lithium-battery manufacturing. 152g3o

By P R Sanjai, Bloomberg | Updated: 5 June 2023 10:45 IST

Tata to Build Rs. 130 Billion Electric Vehicle Battery Plant in Gujarat

Photo Credit: Bloomberg 2x1m1w

The Tata EV battery plant will generate direct and indirect employment for more than 13,000 people

Highlights

PM Modi aims to make India carbon net zero by 2070
The firm will receive assistance in setting up a production eco-system
Tata signed a memorandum of understanding on Friday with Gujarat govt

ment

India's salt-to-software conglomerate Tata Group signed an agreement with the Gujarat state government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around Rs. 130 billion rupees.

Tata Agaratas Energy Storage Solutions, a subsidiary of Tata Group, signed a memorandum of understanding on Friday to establish an electric-vehicle battery plant that will have a production capacity of 20 gigawatt-hours, generating direct and indirect employment for more than 13,000 people, according to a state government document posted on its website.

Indian Prime Minister Narendra Modi is working toward making the world's most-populous nation carbon net zero by 2070. Still, India is lagging behind nations like China and the US in adopting electric transport.

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The Tata plant would make Gujarat a leader in lithium-battery manufacturing and the group will receive assistance in setting up a production eco-system in the state, the state government said. A Tata Group representative declined to comment.

Tata Group's decision comes at a time when its unit EV battery plant in Britain. Tata favours a factory in England over Spain after the UK government offered a package, Bloomberg reported in May.

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