Wednesday, June 19, 2024
HomeNewsautomobileTata to invest Rs 13,000 crore in...

Tata to invest Rs 13,000 crore in state to manufacture lithium-ion batteries for electric vehicles

The future of electric vehicle batteries in India is very bright. Because lately, along with fossil fuel powered vehicles, the tide is coming in the market of battery electric vehicles. Most of these electric vehicle manufacturers have to look abroad for battery cells. The demand for electric vehicles in India is increasing day by day. As a result, companies feel the need to become self-reliant in battery manufacturing. Due to which Tata Group (Tata Group) has signed ‘MoU’ with Gujarat Government to build ‘Lithium Ion Cell Manufacturing Giga Factory’.

Tata Motors to build lithium ion cell manufacturing giga factory in Gujarat

Tata plans to invest $1.6 billion or about Tk 13,197 crore to build an EV battery factory in Gujarat. The domestic company’s electric vehicle business is steadily expanding in India. Motivated by this, Tata plans to launch more electric models in the passenger and commercial segments. Tata has decided to set up a lithium-ion battery cell manufacturing facility in Gujarat to avoid relying on Chinese and Korean companies for its vehicle batteries.

Be it electric cars or ICE vehicles – Tata Motors plays a vital role in all. They currently have the largest portfolio of EV models in the country. Among which are present – ​​Tiago EV, Tigor EV, Nexon EV Prime and Nexon EV Max. Tata aims to further expand its lineup in the future.

It is known that within the next three years, Tata will start working on the electric vehicle battery factory. It will have an annual production capacity of 20 giga watt hours. Later on, the aim of doubling the manufacturing capacity will be taken. In this context, an official of the Gujarat administration, Vijay Nehra said, “This plant will contribute a lot to the development of EV eco system in Gujarat and India.”

Team NaxonTech
Team NaxonTech
We believe in the power of storytelling to inform, inspire, and transform perspectives. My journey as a content writer began with a fascination for technology, and I have since diversified my skills to cover a wide array of topics. With a keen eye for detail and a commitment to excellence, I strive to deliver content that not only meets but exceeds expectations.


Please enter your comment!
Please enter your name here

- Advertisment -

Web Story

Latest Post