Tata announces massive 42,000 Cr plus investment in UK to set up EV battery plant

Tata Group today announced that it will set up an EV battery plant in the United Kingdom. The group will invest over 42,000 crore (£4 billion) in EV battery production, and supply to Tata Motors and Jaguar Land Rover initially. Battery upplies will commence from 2026, confirms the brand.

Jul 19, 2023 - 22:02
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Tata announces massive 42,000 Cr plus investment in UK to set up EV battery plant
Tata announces massive 42,000 Cr plus investment in UK to set up EV battery plant

Tata Group today announced that it will set up an EV battery plant in the United Kingdom. The group will invest over 42,000 crore (£4 billion) in EV battery production, and supply to Tata Motors and Jaguar Land Rover initially. Battery upplies will commence from 2026, confirms the brand.

he EV battery plant will have a 40CW capacity to supply around half a million EVS nnually. The company's growth plans for its flexible manufacturing capacity will egin with a rapid ramp-up phase and the start of production in 2026.

N. Chandrasekaran, Chairman of Tata Sons said, "The Tata Group will be setting up one of Europe's largest battery cell manufacturing facilities in the UK. Our multi- billion pound investment will bring state-of-the-art technology to the country, helping to power the automotive sector's transition to electric mobility, anchored by our own business, Jaguar Land Rover."

He added, "With this strategic investment, the Tata Group further strengthens its commitment to the UK, alongside our many companies operating here across technology, consumer, hospitality, steel, chemicals, and automotive. I also want to thank His Majesty's Government, which has worked so closely with us to enable this investment."

Tata Group is yet to confirm the location of the EV battery manufacturing plant in the UK. The brand is planning to maximise its renewable energy mix, targeting 100 percent 'clean' power. Additionally, the company said that the plant will employ battery recycling to recover and reuse all the original raw materials to deliver a circular economy ecosystem.