Tata Sons is the principal investment holding company and sponsor of several Tata companies. At present, Tata Group plans to build a 40GW gigafactory in the UK, and plans to invest about 4 billion pounds.
Tata Group said it would provide electric vehicle and renewable energy storage solutions to customers in the UK and Europe. Jaguar Land Rover and Tata Motors will be the main customers, with supply starting in 2026,
the company said. "This investment of more than 4 billion pounds is part of Tata Group's commitment to electric vehicle and renewable energy storage solutions, and the company will also build a competitive green technology ecosystem in the UK." N Chandrasekaran, Chairman of the
Tata Group, said that the Tata Group has been working towards a sustainable future in all business areas. I am pleased to announce that the Tata Group will build one of Europe's largest battery manufacturing plants in the UK. Our multi-billion pound investment will bring the most advanced technology to the UK and help transform the automotive industry to electric vehicle, with our own company Jaguar Land Rover as the leader.
Chandrasekaran said that through this strategic investment, Tata Group has further strengthened its commitment to the UK, boosting a wide range of companies in technology, consumer, hospitality, steel, chemicals and automotive sectors in which it operates in the UK.
Prime Minister Sunak said of the UK Gigafactory announcement: Tata Group has decided to build the new Gigafactory in the UK, their first Gigafactory outside India. This is a huge vote of confidence in the UK. This will be one of the largest investments ever made in the British automotive industry. Gigafactory will not only create thousands of skilled jobs for British people across the country, but also consolidate our leading position in the global transition to electric vehicle and help us achieve economic growth in the clean industry of the future. "
The Gigafactory will produce high-quality, high-performance, sustainable batteries and battery packs for a variety of applications in the mobile and energy sectors.". Tata Group's strategic growth plan for flexible manufacturing capacity will start from the rapid upgrading phase, and the plant is scheduled to be commissioned in 2026. Gigafactory will maximize the use of renewable energy portfolio and strive to achieve 100% clean electricity. The factory will adopt innovative technologies such as battery recycling and resource-saving processes to recycle all raw materials and realize a real circular economy ecosystem.
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