Tatas invest £4 billion in UK battery gigafactory.
According to Tata, its long-term growth plans for its manufacturing capacity will begin in 2026 with a rapid ramp-up phase, followed by the beginning of production the following year.
NEW DELHI:
The monetary gain A global battery cell gigafactory will soon be established in the United Kingdom (UK) thanks to an investment of more than 4 billion pounds by Tata Sons, the parent company of India’s largest conglomerate, Tata Group. This investment will take place in the UK. According to Tata Sons, the factory would have the capability to produce 40GW of cells yearly and will play an essential role in the Tata Group’s commitment to developing electric mobility and renewable energy storage solutions in the United Kingdom.
The Chairman of Tata Sons, N Chandrasekaran, stated that their multi-billion pound investment will bring technology to the country and assist the transformation of the automotive sector to electric mobility. This shift would be anchored by their own company, Jaguar Land Rover. With this investment, the Tata Group is further strengthening its commitment to the United Kingdom, alongside our many firms working here across a wide range of industries, including technology, consumer goods, hospitality, steel, chemicals, and automotive.
Earlier in April, Jaguar Land Rover (JLR), which is owned by Tata Motors, made an announcement that it planned to invest £ 15 billion over the next five years in its industrial footprint, car projects, autonomous, artificial intelligence, and digital technologies, as well as people skills. It has been suggested that the gigafactory will be constructed in Somerset, which is located in the south-west region of England. According to Tata, its plans for the strategic increase of its manufacturing capacity would start in 2026 with a rapid ramp-up phase, followed by the beginning of production the following year. According to the Prime Minister of the United Kingdom, Rishi Sunak, “This will be one of the largest investments that has ever been made in the UK automotive sector.” It will not only result in the creation of skilled jobs for people in the United Kingdom, but it will also boost the United Kingdom’s position as the leader in the transition to electric vehicles worldwide.
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