India’s Tata eyes chipmaking, plans for battery factoryBloombergIndia’s Tata Group is planning a foray into semiconductor manufacturing as the coffee-to-cars conglomerate seeks to mitigate the pain from the global chip crisis as well as reduce dependence on imports. Tata Group’s foray into semiconductor making will also help its Tata Motors, which makes the Jaguar Land Rover brands and has suffered due to the shortages. Tata Motors, which has a 70 percent share in India’s nascent electric vehicle market, also announced plans to launch its first-ever pure electric vehicle by 2025. The five-seater Avinya is to have no gasoline variants, Shailesh Chandra, managing director at Tata Motors Passenger Vehicles told reporters at a briefing yesterday. Tata Motors currently sells two battery-powered models, the Nexon EV and Tigor EV, but they also have variants that run on fossil fuels.
