Tata Group Invests ₹950 Crore in Agratas for Battery Manufacturing Expansion
Tata Group has committed ₹950 crore to Agratas, its battery manufacturing subsidiary, to strengthen its foothold in the new energy sector. Agratas is spearheading the establishment of advanced battery production facilities, with plans to build a 40 GWh gigafactory in the UK and a 20 GWh plant in San
Tata Group has committed ₹950 crore to Agratas, its battery manufacturing subsidiary, to strengthen its foothold in the new energy sector. Agratas is spearheading the establishment of advanced battery production facilities, with plans to build a 40 GWh gigafactory in the UK and a 20 GWh plant in Sanand, Gujarat.
According to Tata Sons’ 106th annual report, the new plants are part of a broader strategy to support the automotive industry’s shift towards cleaner energy solutions. Agratas, named to signify leadership and innovation, will focus on producing batteries for a range of applications including automotive, two-wheelers, commercial vehicles, and energy storage systems.
In the UK, Agratas will collaborate with local partners such as Somerset Council and Bridgwater and Taunton College to offer education and training programs. The UK gigafactory, situated on the Gravity Smart Campus near Bridgwater, is projected to fulfill nearly half of the UK’s automotive sector’s battery manufacturing needs by the early 2030s.
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Tata Group has committed ₹950 crore to Agratas, its battery manufacturing subsidiary, to strengthen its foothold in the new energy sector. Agratas is spearheading the establishment of advanced battery production facilities, with plans to build a 40 GWh gigafactory in the UK and a 20 GWh plant in San02Who wrote it?
Sanya Baghel · Staff. 1 min read · Sep 09, 2024.03Is this sponsored?
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