MUMBAI: Tata Sons plans to build a four-billion-pound (about Rs 42,300 crore) electric vehicle battery factory in the UK, which will be its first gigafactory outside India. The conglomerate has a play in IT, beverages, hospitality, automotive, steel andchemicals in the UK.UK Prime Minister Rishi Sunak said: “Tata Group’s decision. This will be one of the largest ever investments in the UK automotive sector. ”Tata Group chairman NChandrasekaran said, “Our multi-billion-pound investment will bring state-of-theart technology to the country (UK), helping to power the automotive sector’s transition to electric mobility, anchored by our own business, JLR. According to Agratas, battery production is an energy intensive industry and it will invest in renewable energy farms and partner with existing renewable energy sources for its power requirements.

Source: The Times July 20, 2023 08:45 UTC