The Tata Group signed an agreement with the Gujarat government on 02 May 2023 to set up a mega factory for manufacturing lithium-ion cells, with an initial investment of around ₹ 13,000 crore.
The green field project will be executed by Tata Agaratas Energy Storage Solutions, a subsidiary of the Tata Group. The new plant will have a production capacity of 20 gigawatt hours, generating direct and indirect employment for around 13,000 people.
As of date, there are 32 projects to manufacture lithium-ion-cell batteries in India. The investment commitment on these projects is to the tune of Rs 50,000 crore. Bulk of the projects investment is located in Karnataka, Telengana, Gujarat and Haryana.
The Tata plant would make Gujarat a leader in lithium-battery manufacturing and the state machinery has assured to extend all kinds of help to ensure timely implementation of the project.
In the meantime, the Tata Group is also contemplating setting up a major EV battery plant in the Britain. Jaguar Land Rover would set up the project in England.