02 June 2023: Tata Group, the prominent Indian conglomerate, has revealed its intention to establish a gigafactory in Gujarat dedicated to manufacturing lithium-ion cells. This initiative aligns with India's determination to establish an independent supply chain for electric vehicles.
The Tata Group and the Gujarat state government have entered into a Memorandum of Understanding (MoU) to establish India's inaugural gigafactory for manufacturing lithium-ion cells. This partnership, made possible by the newly implemented Electronics Policy, was formalised during a ceremony in Gandhinagar. Chief Minister Shri Bhupendra Patel, the CEO of Tata Agaratas Energy Storage Solutions Private Limited, and Mr. Vijay Nehra, the Secretary of Science and Technology of the Government of Gujarat, were among the key figures present at the signing.
In the first phase of development, the planned gigafactory is expected to require an investment of around INR 13,000 crores. With a production capacity of 20 gigawatt-hours (GWh), this substantial investment will not only enhance the state's economy but also generate a multitude of job opportunities, both directly and indirectly, benefiting over 13,000 individuals.
In a tweet, Gujrat CM said, "As the state government commits to a vision to reduce carbon emissions by increasing the production of electric vehicles, reliance on lithium-ion batteries will also increase significantly as EV usage increases. This project will help in establishing a lithium-ion cell manufacturing ecosystem in the state.’’
This investment marks a significant boost to India's electric vehicle industry which aligns with Gujarat's commitment to 100 percent electric vehicle adoption and its ambitious target of reducing carbon emissions by 50 percent before 2030. This milestone not only propels the growth of the electric vehicle sector in India but also sets a strong example for other states and companies to follow in the pursuit of a greener and more sustainable future. With Gujarat leading the way, the country is set for a transformation in its mobility landscape.