Stock: Tata to set up ₹42,300 crore EV battery plant in UK – Times of India

Mumbai: Tata Sons plans to set up a £4 billion (about Rs 42,300 crore) electric vehicle battery factory in the UK, which will be its first gigafactory outside India. Last month, it announced plans to set up a Rs 13,000-crore battery manufacturing facility in Gujarat.
The UK plant, which will cater to Tata group company Jaguar Land Rover (JLR), will create 4,000 jobs and have an annual output of 40 gigawatt hours. Production at the Gigafactory will begin in 2026. The factory is expected to be set up in Somerset, South West EnglandWhile JLR’s UK plants are near Birmingham in central England, indicating the need for the batteries to be installed near their manufacturing facilities.
This development strengthens the Tata group’s presence in the UK, which it entered in 1907. The group has businesses in the UK in IT, beverages, hospitality, automotive, steel and chemicals.
UK Prime Minister Rishi Sunak said: “The decision of the Tata Group. , , It is a big vote of confidence in Britain. It will be one of the largest investments ever made in the UK automotive sector. Not only will this create thousands of skilled jobs for Britons across the country, but it will also cement our lead in the global transition to electric vehicles, helping to power our economy in the clean industries of the future. ,
Tata Group Chairman N. Chandrasekaran said, “Our billions of pounds Investment Will bring cutting-edge technology to the country (UK), helping to transform the automotive sector to electric mobility, supported by our own business, JLR. ,
The Financial Times reported that Tata Sons has sought £500 million in state aid, including subsidies for high-energy use of the factory, a one-off grant from the government’s £1 billion Automotive Transformation Fund and road improvements to the site near the M5 motorway.
Tata Sons has transferred its UK and Gujarat ventures through its wholly owned arm Agartas Energy Storage Solutions. The Gujarat plant will have a capacity to produce 20 GWh of cells annually and its main customer will be Tata Motors.
The move is part of Chandrasekaran’s wider plans to make the group ‘future ready’ by investing in hi-tech manufacturing, renewable energy, hydrogen and circular economy.
A June 7 presentation by Thomas Flack-led Egretas revealed that the company plans to go beyond Tata Motors and JLR and cover a wider range of customer segments, including two-wheeler, three-wheeler and energy storage companies. According to Agratus, battery production is an energy intensive industry and it will invest in renewable energy farms and partner with existing renewable energy sources for its electricity needs.