Tata Group plans to invest Rs 13,000 crore in Gujarat to establish a lithium-ion cell manufacturing unit with an initial capacity of 20-gigawatt hours. The move aligns with India’s push for electric mobility and aims to meet the growing demand for lithium-ion batteries.
Tata Group, one of India’s leading conglomerates, has pledged a substantial investment of Rs 13,000 crore to establish a lithium-ion cell manufacturing unit in Gujarat, according to media reports on June 2. The proposed facility will have an initial manufacturing capacity of 20-gigawatt hours. An MoU was signed between the Government of Gujarat and Agartas Energy Storage Solution, a subsidiary of the Tata Group, in the presence of Chief Minister Bhupendra Patel.
The primary objective of this manufacturing facility is to cater to the increasing demand for lithium-ion batteries in the country, aligning with the government’s strong emphasis on electric mobility. Chief Minister Patel expressed optimism about the project, stating that it would not only create significant employment opportunities but also help establish a thriving ecosystem for lithium-ion cell manufacturing in the state.
Highlighting the state government’s commitment to reducing carbon emissions by promoting electric vehicles, the Chief Minister tweeted in Gujarati that the reliance on lithium-ion batteries would witness a significant surge with the increasing adoption of EVs.
