New Delhi: India’s most prestigious business house Tata (TATA) Group is once again in the limelight. Tata Group has announced plans to set up a global 40 GW battery cell gigafactory in the UK. Which is a matter of pride for India. However, the Tata group will invest four billion pounds in the project. To give information about this, Tata Group gave information by tweeting on Wednesday.
Tata Sons Chairman N Chandrasekaran said the group is deeply committed to the sustainable future of all its businesses. Today I am delighted to announce that the Tata Group is opening one of Europe’s largest battery cell manufacturing facilities in the UK. Our billion pound investment will bring cutting-edge technology to the country, which will help transform the automotive sector to electric mobility. It is supported by our own business, Jaguar Land Rover.” “With this strategic investment, the Tata group is strengthening its commitment to the UK with many of our companies operating in the technology, consumer, hospitality, steel, chemical and automotive sectors,” he said, adding that I would also like to thank the British government, which has worked closely with us to enable this investment.
The UK government announced on Wednesday that the Tata group will invest more than four billion pounds in setting up a new electric vehicle (EV) battery plant, or gigafactory, in the UK, creating thousands of jobs across the supply chain. UK Prime Minister Rishi Sunak called it an “incredibly proud” moment for the country’s automotive industry and a testament to the strength of Britain’s car manufacturing industry and its skilled workforce. Tata Motors owns UK-based luxury car maker Jaguar Land Rover (JLR), which will be the anchor customer of the new gigafactory with an initial output of 40 GWh. Production at the new gigafactory is due to start in 2026 and is considered a key driver behind Sunac’s priority to grow the UK economy. Sunak further said that the Tata group’s billion pound investment in a new battery factory in the UK is a testament to the strength of our car manufacturing industry and its skilled workforce.