- Tata group will invest over £4 billion in a UK gigafactory through its new global battery business, Agratas
- The investment will create up to 4,000 new green tech jobs and thousands more in the wider supply chain
- Flexible manufacturing capacity will deliver electric mobility and renewable energy storage solutions for customers in UK and Europe
- JLR will be an anchor customer with production starting in 2026
Gaydon, UK, 19 July 2023,Tata Sons, the principal investment holding company and promoter of Tata companies, announced plans to establish a battery cell manufacturing facility in the UK through its new global battery business, Agratas, with capacity to produce 40GWh of cells annually.
The investment of over £4 billion is an integral part of Tata group’s commitment to electric mobility and renewable energy storage solutions and establishes a competitive green tech ecosystem in the UK at scale.
N Chandrasekaran, Chairman, Tata Sons, said: “The Tata group is deeply committed to a sustainable future across all of our business. Today, I am delighted to announce the Tata group will be setting up one of Europe’s largest battery cell manufacturing facilities in the UK. Our multi-billion-pound investment will bring state-of-the-art technology to the country, helping to power the automotive sector’s transition to electric mobility, anchored by our own business, JLR. With this strategic investment, the Tata group further strengthens its commitment to the UK, alongside our many companies operating here across technology, consumer, hospitality, steel, chemicals and automotive. I also want to thank His Majesty’s Government, which has worked so closely with us to enable this investment.”
Commenting about the announcement of the UK gigafactory, UK Prime Minister, Rishi Sunak, said: “Tata group’s decision to build their new gigafactory here in the UK – their first outside of India – is a huge vote of confidence in Britain. This will be one of the largest ever investments in the UK automotive sector. It will not only create thousands of skilled jobs for Britons around the country, but it will also strengthen our lead in the global transition to electric vehicles, helping to grow our economy in clean industries of the future.”
Agratas will design, develop and manufacture high-quality, high-performance, sustainable battery solutions for multiple applications to match its customers’ requirements. The company’s strategic growth plan for its flexible manufacturing capacity will begin with a rapid industrialisation phase and the start of production in 2026.
The UK gigafactory intends to maximise a renewable energy mix, with an ambition for 100% clean power. The facility will employ innovative technologies and resource efficient processes to reuse, recycle and recover critical raw materials to deliver a truly circular economy ecosystem.
About Agratas
Agratas is a global battery business within the Tata Group. We design, develop and manufacture high-quality, high-performance, sustainable battery solutions for multiple applications to match our customers’ requirements.
Derived from the Sanskrit word ‘Agra’, the world’s oldest language, our name stands for leadership and moving forward. Combined with ‘Gravitas’, it reflects our ambition to be purpose driven, pioneering power for future generations.
We have entered our industrialisation phase, building world-class gigafactories in India and the UK, and unlocking green growth opportunities for global customers in the mobility and energy sectors.
Our sustainability-first approach is accelerating the global transition to net zero. Our facilities are designed to be powered by clean sources of electricity, including purpose-built renewable energy plants, to support our goal of 100% clean power across all our operations.
Using a circular design mindset, we adopt resource efficient processes, to reuse, recycle and recover materials back into production, delivering a sophisticated circular economy ecosystem.
We are committed to developing the next generation of battery technologies. Our R&D Innovation Hubs in India and the UK are empowered to accelerate technological breakthroughs across our entire value chain, working in partnership with leading universities and research institutions to deliver cleaner, greener, more sustainable batteries for our customers.
Together, we will pioneer the innovative battery solutions of the future.
About the Tata group
Founded by Jamsetji Tata in 1868, the Tata Group is a global enterprise, headquartered in India, comprising 30 companies across ten verticals. The group operates in more than 100 countries across six continents, with a mission ‘To improve the quality of life of the communities we serve globally, through long-term stakeholder value creation based on Leadership with Trust’.
Tata Sons is the principal investment holding company and promoter of Tata companies. Sixty-six percent of the equity share capital of Tata Sons is held by philanthropic trusts, which support education, health, livelihood generation and art and culture.
In 2021-22, the revenue of Tata companies, taken together, was $128 billion (INR 9.6 trillion). These companies collectively employ over 935,000 people.
Each Tata company or enterprise operates independently under the guidance and supervision of its own board of directors. There are 29 publicly listed Tata enterprises with a combined market capitalisation of $311 billion (INR 23.6 trillion) as on March 31, 2022.
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