Tata Group Invests INR 950 Crore in Agratas for Battery Expansion

09 Sep 2024 CW Team

The Tata Group has invested INR 950 crore into its battery manufacturing subsidiary, Agratas, as part of its strategy to expand in the new energy sector. Agratas, focusing on advanced battery technologies, aims to support the transition to cleaner energy, particularly for the automotive industry.

Agratas is developing state-of-the-art battery manufacturing plants in India and the UK. According to Tata Sons' 106th annual report, the company is constructing a 40 GWh gigafactory in Somerset, UK, and a 20 GWh plant in Sanand, Gujarat. These facilities are crucial to Tata's ambition to become a leader in the global energy sector.

Agratas designs and manufactures batteries for Tata Motors and Jaguar Land Rover (JLR) and plans to expand production to serve two-wheelers, commercial vehicles, and energy storage systems. In the UK, Agratas is collaborating with local partners, including Somerset Council and Bridgwater and Taunton College, to provide education and training programs aimed at involving the community in the gigafactory's development.

Once completed, the 40 GWh gigafactory will supply nearly half of the battery capacity required for the UK?s automotive industry by the early 2030s.

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