The Tata Group has inked a deal to build a lithium-ion cell plant with an investment of around Rs 13,000 crore ($1.6 billion). This deal has been done with the Gujarat government. According to sources familiar with the development, the decision to set up an electric vehicle (EV) battery plant at Sanand in Gujarat was taken during a board meeting of Tata Sons earlier this week.
Let us tell you that Tata Motors already has a plant in Sanand and has also acquired the plant of Ford Motors. Integrating both plants has started and may take up to a year to complete.
ગુજરાતમાં દેશની પ્રથમ લિથિયમ-આયન સેલ મેન્યુફેક્ચરીંગ ગીગા ફેક્ટરીની સ્થાપના માટે રાજ્ય સરકાર અને ટાટા ગ્રુપ વચ્ચે આજે MoU થયા. રાજ્યની નવી ઈલેક્ટ્રોનિક્સ પોલિસીની ફળશ્રુતિ રુપે થયેલ આ MoU અંતર્ગત પ્રથમ તબક્કે રૂ. 13,000 કરોડના રોકાણ સાથે 20 ગીગાવોટનો પ્લાન્ટ સ્થપાશે, જે થકી મોટા… pic.twitter.com/Xi1gvw2WLD
— Bhupendra Patel (@Bhupendrapbjp) June 2, 2023
What’s The Plan
Work on the plant is expected to begin in less than three years, said a joint statement on the memorandum of understanding (MoU) between Tata unit Agratas Energy Storage Solutions and the Gujarat government. It will have an initial manufacturing capacity of 20 gigawatt hours (GWh), which could be doubled in the second expansion phase. Work on the plant is expected to begin in less than three years.
In April, Jaguar Land Rover (JLR), a subsidiary of Tata Motors, announced its electrification plan. JLR said it would invest £15 billion (about $19 billion) over the next five years to position itself as an electric-first and modern carmaker.
