Indian Tata Group is now making a big move into the space, reportedly investing $1.58 billion into a lithium-ion battery cell factory in the country. The project is expected to start in less than three years. The battery factory will be located in Sanand, in northern Gujarat. This battery factory would initially have an annual production output of 20 GWh, and that could later grow to twice as much, 40 GWh.
The development is part of the country’s commitment to create its own electric vehicle supply chain. A Memorandum of Understanding has been signed between Tata Group and Gujarat Government on June 2nd.