Tata Group Deal: Tata motors signed an electric vehicle battery deal on Friday on setting up a Lithium-ion cell factory which is setup with an investment of 130 billion rupees. Tata Motors has taken this step as the nation’s efforts to have it’s own electric vehicle supply chain. Tata Motors dominates the EV car sales in India which is only 1% of India’s total car sales from 3.8 million sales last year.
Electric Vehicle Battery Deal: Plan and Capacity
A joint statement on the MOU between Tata’s unit Agratas Energy Storage Solutions and the government of Gujarat conveyed the information that the plant will be set up in Sanand, northern Gujarat is expected to begin in 3 years .
The manufacturing plant would have the initial capacity of 20 Gigawatt hours (GWh) which company says would be doubled in the second phase. “The plant will have a major contribution in the development of EV ecosystem of Gujarat and India” Vijay Nehra, A government official of Gujarat government told Reuters.
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