India’s Tata Group, a leading multinational conglomerate, has entered into an outline deal to construct a lithium-ion cell factory in Gujarat, India.
With an investment of approximately 130 billion rupees ($1.58 billion), the plant aims to bolster the country’s electric vehicle (EV) supply chain and reduce its dependence on battery imports.
The initiative aligns with India’s goal of achieving 100% electric vehicle adoption and curbing carbon emissions by 50% by 2030.