Lithium Ion Battery Tata Group inks deal to set up Rs 130 billion lithium-ion cell factory in Gujarat's Sanand
Sanand (Gujarat): Tata Group on Friday entered into a preliminary agreement for the construction of a lithium-ion cell factory at an estimated investment of around Rs 130 billion, reported Reuters.
The Indian government has been making efforts to set up a domestic electric vehicle supply chain.
According to a joint statement regarding the memorandum of understanding between Agratas Energy Storage Solutions, a unit of Tata Group, and the government of Gujarat, the construction of the lithium-ion cell factory in Sanand, northern Gujarat, is anticipated to commence within a timeframe of less than three years, Reuters reported.
As per the statement, the initial phase of the lithium-ion cell factory in Sanand, Gujarat, is expected to have a manufacturing capacity of 20 Gigawatt hours (GWh).
There is a possibility of doubling this capacity during a second phase of expansion.
"The plant will go a long way in contributing to the development of the EV ecosystem in Gujarat and India," Vijay Nehra, an official in the Gujarat state government told Reuters.
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