Tata Group invest 4 billion pounds in UK’s car industry
On Wednesday, the Tata Group, India’s largest conglomerate, announced it would establish a new electric vehicle battery manufacturing in the United Kingdom.
Tata’s first gigafactory outside of India will be an important boost for the car sector, which desperately needs domestic battery production, and will benefit in the long run.
Tata Sons chairman states:
“Today, I am delighted to announce that the Tata Group will be establishing one of Europe’s largest battery cell manufacturing facilities in the UK,” said Tata Sons chairman N Chandrasekaran.
Our multibillion-pound investment will bring cutting-edge technology to the country, helping the automotive sector transition to electric mobility, which our own JLR will lead.
With this strategic investment, the Tata Group reinforces its commitment to the UK, joining our many companies in technology, consumer, hotel, steel, chemicals, and automotive.”
According to the British government, the factory will provide nearly half of the battery manufacture required by 2030, “turbocharging the UK’s switch to zero emissions vehicles.”
All about the new factory:
Tata confirmed the news, saying the business will invest 4 billion pounds ($5.2 billion) on the facility, making it one of the greatest investments ever made in the UK automotive sector.
According to the announcement, “the gigafactory will secure UK-produced batteries for another Tata Sons investment, Jaguar Land Rover, as well as other manufacturers in the UK and Europe.”
With a capacity of 40GWh, this will be one of Europe’s largest plants. Aside from the 4,000 skilled workers planned, the factory is expected to produce thousands of jobs in the supply chain for battery materials and raw minerals, assisting the UK economy in growing.
PM Rishi Sunak’s on big investment by Tata Group:
In a statement issued on Wednesday, United Kingdom Prime Minister Rishi Sunak stated, “Tata Group’s multi-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 workers.”
Sunak said he was happy that Tata chose Britain as its ‘home’ for its first gigafactory outside India.
The UK will now be one of the most appealing destinations to make electric vehicles.
“With the global transition to zero-emission vehicles well underway,” he continued, “this will help grow our economy by driving forward our lead in battery technology while creating up to 4,000 jobs and thousands more in the supply chain.”
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