The Tata Group, the largest corporation in India, announced on Wednesday that it would establish a new electric vehicle battery plant in Britain. The car sector, which needs to produce domestic batteries, will benefit significantly from Tata’s first gigafactory outside India in the long run.
“Today, I am delighted to announce that the Tata Group will establish one of Europe’s largest battery cell manufacturing facilities in the UK,” stated N Chandrasekaran, chairman of Tata Sons. “Modern technology will be introduced to the nation thanks to our multibillion-pound investment, which will support the automotive industry’s shift to electric mobility, which our company, JLR, supports. With this tactical investment, the Tata Group and several businesses operating in the UK’s technology, consumer, hotel, steel, chemicals, and automotive sectors further solidify their commitment to the country.”
According to a statement from the British government, the factory will provide roughly half of the battery output needed by 2030, “turbocharging the UK’s switch to zero emissions vehicles.”
According to Tata, which announced the news, one of the most significant investments ever made in the UK automotive industry, 4 billion pounds ($5.2 billion) will be invested in the facility.
The statement said, “The gigafactory will secure UK-produced batteries for another Tata Sons investment, Jaguar Land Rover, as well as other manufacturers in the UK and Europe.”
This facility will be among the biggest in Europe at 40GWh. The factory is anticipated to produce 4,000 skilled employees and thousands of jobs in the raw materials and battery supply chains, supporting the expansion of the UK economy.
Rishi Sunak on the investment of Tata
In a statement released on Wednesday, British Prime Minister Rishi Sunak stated, “Tata Group’s multi-billion-pound investment in a new battery factory in the UK is a testament to the strength of our car manufacturing industry and its skilled workers.”
Sunak claimed that the UK would now be one of the most alluring locations to make electric vehicles and expressed his pride that Tata chose Britain as its “home” to construct its first gigafactory outside of India.
He added, “With the global transition to zero-emission vehicles well underway, this will help grow our economy by driving forward our lead in battery technology while creating as many as 4,000 jobs and thousands more in the supply chain.”
According to sources, the British government still needs to provide information regarding how it will support the company as part of the agreement.
