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New Delhi: The Tata group has signed an agreement with the Gujarat government to set up a giga-factory to manufacture lithium-ion cells with an estimated initial investment of around Rs 13,000 crore. Tata Agartas Energy Storage Solutions Pvt. Ltd. ( Tata Agaratas Energy Storage Solutions Pvt.), a subsidiary of the Tata Group, signed an MoU to set up an electric-vehicle battery plant that will have a production capacity of 20 GWh, providing more than 13,000 Direct and indirect employment will be generated for the people.
According to a document of the state government posted on the website, this information has come out.
Prime Minister Narendra Modi is working towards making the world’s most populous country carbon zero or carbon free by 2070. Still, India lags behind countries like China and the US in adopting electric transport.
Will invest 13,000 crores
Tata Group is going to set up Giga Factory in Gujarat for manufacturing Lithium-Ion cells. For this, the company has also signed an MoU with the Gujarat government. The company will invest Rs 13,000 crore on this factory. Here batteries will be made for electric vehicles and domestic supply chain will be developed.
This battery made in several phases will first have a lithium ion cell plant with a production capacity of 20 gigahours. Later its capacity can also be increased. The company says that more than 13,000 people will get direct and indirect employment from this factory.
Agartas Energy Storage Solutions, a subsidiary of Tata Group, will set up this plant in Sanand, Gujarat. Tata Motors also has a plant here. It will take 3 years to set up this plant. While after the construction of this plant, Tata Group’s dependence on third party regarding the battery of its electric vehicles will end. Right now Tata Group is dependent on suppliers from China and South Korea for this.
Tata Group also plans to set up an electric vehicle battery plant in Britain or Spain. This will meet his European needs. At the same time, the company will also get help in making its luxury brands Jaguar and Land Rover electric.
