Tata to construct $1.6 billion Indian EV battery plant, Gujarat says

Mumbai: India’s salt-to-software conglomerate Tata Group signed an settlement with the Gujarat state authorities to arrange a giga-factory for manufacturing lithium-ion cells, with an estimated preliminary funding of round 130 billion rupees ($1.6 billion).

Tata Agaratas Vitality Storage Options Pvt., a subsidiary of Tata Group, signed a memorandum of understanding on Friday to ascertain an electric-vehicle battery plant that can have a manufacturing capability of 20 gigawatt hours, producing direct and oblique employment for greater than 13,000 folks, in response to a state authorities doc posted on its web site.