Tata Group inks Rs 130 billion deal with Gujarat for EV battery plant

06 Jun 2023 CW Team

A joint statement issued by Tata's subsidiary, Agratas Energy Storage Solutions, and the Gujarat government confirmed the memorandum of understanding (MoU). The statement outlined that construction on the plant is projected to commence in less than three years. Initially, it will have a manufacturing capacity of 20 GWh, with the potential to double during a subsequent expansion phase.

The push towards electric mobility has prompted the need for an expanded EV battery production. The statement highlighted the state government's commitment to reducing carbon emissions by promoting electric vehicle adoption. As electric vehicles gain traction, the demand for lithium-ion batteries will significantly rise. The establishment of the proposed lithium-ion cell manufacturing ecosystem in Gujarat will contribute to this vision.

By forging this strategic partnership with the Gujarat government, the Tata Group aims to play a pivotal role in driving the growth of the EV sector in India. The investment in the battery plant aligns with Tata's broader commitment to sustainability and the transition to cleaner and greener transportation solutions.

The collaboration between Tata and Gujarat signifies a significant step towards achieving India's goal of fostering a robust domestic EV industry and strengthening its position in the global electric vehicle market. As the nation embraces cleaner energy alternatives, this development reinforces India's commitment to environmental stewardship and the promotion of sustainable technologies.

The Tata Group has entered into a preliminary agreement with the Gujarat government to establish a lithium-ion cell factory, representing an investment of approximately Rs 130 billion. This significant move aligns with India's ambition to develop a self-sufficient electric vehicle (EV) supply chain. According to reliable sources, the decision to build the EV battery plant in Sanand, Gujarat, was reached during a recent Tata Sons board meeting. Tata Motors, which already operates a plant in Sanand, has also acquired the adjacent Ford Motors facility. The integration process has commenced and is anticipated to be completed within one year. A joint statement issued by Tata's subsidiary, Agratas Energy Storage Solutions, and the Gujarat government confirmed the memorandum of understanding (MoU). The statement outlined that construction on the plant is projected to commence in less than three years. Initially, it will have a manufacturing capacity of 20 GWh, with the potential to double during a subsequent expansion phase. The push towards electric mobility has prompted the need for an expanded EV battery production. The statement highlighted the state government's commitment to reducing carbon emissions by promoting electric vehicle adoption. As electric vehicles gain traction, the demand for lithium-ion batteries will significantly rise. The establishment of the proposed lithium-ion cell manufacturing ecosystem in Gujarat will contribute to this vision. By forging this strategic partnership with the Gujarat government, the Tata Group aims to play a pivotal role in driving the growth of the EV sector in India. The investment in the battery plant aligns with Tata's broader commitment to sustainability and the transition to cleaner and greener transportation solutions. The collaboration between Tata and Gujarat signifies a significant step towards achieving India's goal of fostering a robust domestic EV industry and strengthening its position in the global electric vehicle market. As the nation embraces cleaner energy alternatives, this development reinforces India's commitment to environmental stewardship and the promotion of sustainable technologies.

Real Estate

07 Jul 2026

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Infrastructure Urban

07 Jul 2026

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Products

07 Jul 2026

EUROBOND Expands NABL Accreditation to 51 Testing Parameters

EUROBOND, the flagship brand of Euro Panel Products, has expanded the National Accreditation Board for Testing and Calibration Laboratories (NABL) accreditation of its in-house laboratory from 16 to 51 mechanical and chemical testing parameters, making it the only Indian aluminium composite panel (ACP) manufacturer with accreditation covering such an extensive testing scope.The expanded accreditation enables the company to independently test coils, coatings, cores, aluminium composite panels (ACP) and metal composite panels (MCP) in accordance with international standards, including IS, ASTM, ..