Tata to build Rs 13,000 crore EV battery plant in Gujarat
Salt-to-software conglomerate Tata Group signed an agreement with the Gujarat government to set up a giga-factory for manufacturing lithium-ion cells, with an estimated initial investment of around Rs 13,000 crore.
Tata Agaratas Energy Storage Solutions Pvt., 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.
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.
