Tata Group Setting Up $580 Million Lithium-Ion Battery Plant in India
"Looking to develop the EV eco-system in India urgently, the Tata Group plans to invest US$580 Million to set up a Lithium-Ion battery plant in Gujarat and has apparently already acquired 126 acres of land in Dholera. The ultimate manufacturing capacity is proposed to be 10 Gigawatts, with Torrent Power expected to provide electricity to the proposed EV battery unit. The Tata Group undoubtedly anticipates the Government of India to eventually roll out favorable policy incentives for battery manufacturers for electric vehicles in the country. This is a definitive signal indeed that the Tata’s are determined to stay ahead in the EV race in India." - Vinay Piparsania
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Jul 16, 2019
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