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Tata to invest Rs. 4,000 Cr in a lithium-ion battery plant

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According to a media report, the Tata Group is investing Rs. 4,000 crore in a lithium-ion battery plant. The new factory is likely to come up in the Dholera Special Investment Region (DSIR) in Gujarat.

It has been reported that the company has procured 126 acres of land and will be investing Rs. 1,000 crore in the first phase. The plant is expected to have a manufacturing capacity of 10 GW.

In the Union Budget for 2019, the government announced that battery manufacturing would be incentivised. Incentives are expected to be offered on manufacturing capacities up to 50 GW. 

Source: Economic Times

 
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