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In a significant move for the UK automotive sector, Tata Group, India's largest conglomerate, has announced its plan to establish a new electric vehicle battery plant in Britain. This marks Tata's first gigafactory outside India and will play a crucial role in meeting the growing demand for domestic battery production in the country.
Tata's Chairman, N Chandrasekaran, expressed his enthusiasm, stating that the multi-billion-pound investment will bring state-of-the-art technology to the UK, aiding the automotive sector's transition to electric mobility. The gigafactory will not only supply batteries to Tata's subsidiary, Jaguar Land Rover but also cater to other manufacturers in the UK and Europe.
The investment of £4 billion ($5.2 billion) in the plant represents one of the largest ever made in the UK automotive sector, highlighting Tata's commitment to the country. With an estimated production capacity of 40GWh, the gigafactory will be one of Europe's largest and is expected to create around 4,000 skilled jobs, with additional employment opportunities in the battery materials and raw minerals supply chain.
The announcement has received praise from UK Prime Minister Rishi Sunak, who commended Tata Group's significant investment in the country's car manufacturing industry. Sunak emphasized that the gigafactory will contribute to the UK's position as an attractive destination for electric vehicle production while driving economic growth and generating thousands of jobs.
The establishment of the gigafactory aligns with the UK government's goal of achieving zero-emission vehicles, with the factory expected to provide nearly half of the country's battery production required by 2030. This development will undoubtedly turbocharge the UK's shift towards zero-emissions transportation.
As reported by Reuters, specific details regarding the government's support for the Tata deal have not been disclosed. Nonetheless, this milestone investment by Tata Group signifies a significant step forward in strengthening the UK's position in the electric vehicle industry.
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