A Deal of Rs 13,000-crore EV Battery Plant Signs in Gujarat
Recently, the Tata Group signed a deal with the Gujarat government to build a lithium-ion cell factory with an investment of about Rs 13,000 crore ($1.6 billion).
Tata Motors already has a plant operational at Sanand, and has also acquired the adjoining Ford Motors’ plant. The process of integration of the two plants has begun and may take up to one year to complete.
A joint statement on the memorandum of understanding (MoU) between Tata’s unit Agratas Energy Storage Solutions and the Gujarat government said that work on the plant was expected to start in less than three years. It would have an initial manufacturing capacity of 20 Gigawatt hours (GWh), which could be doubled in a second phase of expansion, the statement said.
- Work on the plant to start in less than three years
- Decision on the plant taken at a Tata Sons board meeting earlier this week
- Manufacturing capacity to be doubled in second phase of expansion
In April, Jaguar Land Rover (JLR), a subsidiary of Tata Motors, had announced its electrification plan. JLR said it would invest £15 billion (nearly $19 billion) over the next five years as part of its strategy to reposition itself as an electric-first and modern carmaker. As a part of this strategy, the JLR plant in Wolverhampton, UK, which currently produces the Ingenium internal combustion engines for its vehicles, will produce electric drive units and battery packs for its next-generation vehicles.
