Wed. Oct 9th, 2024

Tata Group has agreed to develop a battery plant in the UK to offer a new line of electric Jaguar and Land Rover cars.

According to those acquainted with the strategies, Tata selected a location in Somerset, west England, owned by Salamanca Group, an investment and advising firm with real estate origins. According to the persons who declined to be identified because they spoke about non-public information, the Indian parent of the British businesses will announce its choice as quickly as this week.

Tata had previously contemplated locating its battery manufacturing facility in Spain, but a decision in favor of the UK will assist to safeguard the future growth of JLR’s factories in its usual homeland. Given the size of the batteries, the cell plant will eventually have a capacity of 40 giga-tonne hours, sufficient to serve about half a million automobiles every year. The choice is a huge victory for the government and auto industry, which have been battling to compete with green technology incentives in the United States and the European Union. Britishvolt, the firm at the heart of a projected battery factory in the northeast of England, went bankrupt previously this year.

It would also be a significant political success for Prime Minister Rishi Sunak. European automakers have expressed concern about future taxes on electric vehicles shipped between the UK and the EU, saying that building cars in the UK could grow prohibitively expensive after Brexit laws take effect. Efforts by the UK to persuade Brussels to postpone the due date have so far failed, possibly jeopardizing Britain’s auto sector.

indiansupdate.com