Wednesday, February 28th, 2024

Tata’s power will now be seen in the world of electric battery, will set up Gigafactory not in India but in this country


Photo: File Tata’s power will now be seen in the world of electric battery

The Tata Group is preparing to emerge as the world’s biggest force in the field of electric batteries. For this, the company has announced a huge investment of $4 billion. Tata group is going to set up a mega factory with this investment. But please tell that this factory is not being set up in India but in Europe. Tata Group has announced that it has selected the Bridgwater area of ​​Somerset in England for this Gigafactory. Earlier there was a plan to set up this factory in Spain.

Gigafactory will be the biggest in Europe

Announcing this investment, the Tata group said that this gigafactory will manufacture batteries for Jaguar Land Rover (JLR) as well as other vehicle companies. It will cost four billion pounds (Rs 42,500 crore) to build it. Let us tell you that the British luxury car manufacturer Jaguar Land Rover is owned by ‘Tata Motors’. The 40 GWh gigafactory will be the largest in Europe and Tata’s first outside India, according to the statement.

Government assistance sought from Britain

There is speculation that Tata has sought £500 million in UK government aid, including subsidies for high-energy use of the Somerset factory, a one-off grant from the Vehicle Transformation Fund and road improvements to the site. The UK government has said that details of government support to Tata Sons will be released in due course as part of regular transparency data.

The biggest investment will be in Britain

In the UK, only one plant is currently in operation near Nissan’s Sunderland factory, and a second plant in Northumberland is being reworked after its failure. In contrast, the European Union has 35 plants in operation, under construction or in the planning stage. Tata Sons Chairman Natarajan Chandrasekaran said, “The Tata group is committed to the sustainable future of all our businesses. Today I am delighted to announce that the group will set up one of Europe’s largest battery cell manufacturing facilities in the UK.

Thousands of jobs will be available in Britain

UK Prime Minister Rishi Sunak said on the announcement, “The Tata Group’s decision to set up its first plant outside India and Europe’s largest plant reflects the confidence it has in the UK. This will be one of the biggest investments in the UK vehicle industry. Not only will it create thousands of jobs for Britons across the country, but it will strengthen our lead in the global transition to electric vehicles, which will The clean industries of the future will help our economy grow.” The UK government said in a separate statement that the investment would directly create 4,000 jobs. Apart from this, thousands of jobs will also be available indirectly.

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