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India’s Tata Group is going to build an electric vehicle battery plant in Britain to supply its Jaguar Land Rover factories. Tata Group has confirmed plans to invest £4 billion to build a battery plant in Somerset, United Kingdom. It will be the group’s first gigafactory outside of India and is set to bring a huge boost to the UK’s automotive sector. The move might provide major boost for a UK car industry in need of domestic battery production to help secure its future.
In the struggle to keep up with the United States and the European Union in the drive to build green industries, the news represents Britain’s biggest move in the car gigafactory space. With an investment of 4 billion pounds ($5.2 billion), Tata announced on Wednesday that it will construct its first gigafactory outside of India in Britain, resulting in the creation of up to 4,000 jobs and producing an initial output of 40 gigawatt hours.
Natarajan Chandrasekaran, Chairman of Tata Sons, on 19th of July confirmed the investment. He said “Our multi-billion-pound investment will bring state-of-the-art technology to the country. It will help to power the automotive sector’s transition to electric mobility, anchored by our own business, JLR. With this strategic investment, the Tata Group further strengthens its commitment to the UK, alongside our many companies operating here across technology, consumer, hospitality, steel, chemicals, and automotive.”
During a visit to a JLR facility on Wednesday, Sunak said the investment was a “fantastic vote of confidence” in Britain’s economy, adding that the UK had provided targeted investment.
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