Tata Group signs $1.6 billion EV battery-plant deal
The initial manufacturing capacity is 20 GWh, which could be doubled in a second phase of expansion
India's Tata Group signed an outline deal June 2 on building a lithium ion (Li-ion) cell factory, based on an investment of about 130 billion rupees ($1.58 billion), as part of the country’s efforts to create its own electric vehicle supply chain, Reuters reported.
Thank you for visiting S&P Global AutoTechInsight.
*A subscription to News & Analysis includes four S&P Global-selected sector-specific analytical pieces per month. Access to all analytic pieces across all domains comes with a subscription to All Domains. Please click here to subscribe.
To get access to the AutoTechInsight full suite of services, please contact a sales representative by clicking here.
Already a subscriber? Please log in here
