Dedicated locality research platform

Tata Group to build Gigafactory for EV batteries in UK at Rs 42,300 crore

Tata Sons, the parent company of the diversified Tata Group, has unveiled ambitious plans to establish a Gigafactory for electric vehicle (EV) batteries in the United Kingdom, marking its first venture of this scale outside of India. The proposed battery plant is estimated to cost around Rs 42,300 crore and is set to become one of the largest investments in the UK's automotive sector. The Gigafactory aims to cater to the requirements of Tata Group's subsidiary, Jaguar Land Rover (JLR), a leading luxury car manufacturer, and is expected to generate up to 4000 employment opportunities while producing an impressive 40 gigawatt hours of batteries annually.

This announcement comes shortly after Tata Sons revealed its intentions to construct a battery manufacturing facility in Gujarat, India, with an investment of approximately Rs 13,000 crore. Both initiatives align with the broader vision of Tata Group Chairman N Chandrasekaran, who aims to transform the conglomerate into a future-ready enterprise by heavily investing in high-tech manufacturing, renewable energy, hydrogen, and the circular economy.

The UK gigafactory is expected to commence production in 2026 and will likely be located in Somerset, a region in South West England. This strategic positioning is near JLR's existing manufacturing facilities in Birmingham, central England, ensuring convenient access to batteries for the company's electric vehicles.

Tata Group's significant investment in the UK reinforces its long-standing presence in the country, dating back to 1907 when it first entered the market. Over the years, the conglomerate has diversified its operations in various sectors, including information technology, beverages, hospitality, automotive, steel, and chemicals.

© Propscience.com. All Rights Reserved.