India's Tata Group to Build $5 Billion Electric Battery Factory in UK

India's Tata Group revealed on Wednesday its plan to invest over £4 billion ($5.2 billion) to build a massive electric battery factory in the southwest region of England, UK.

From 2026 onward, the forthcoming electric vehicle battery plant will provide supplies to Jaguar Land Rover factories and other British car manufacturers and is expected to generate around 4,000 new jobs.

Tata is one of India's biggest conglomerate and owns Jaguar Land Rover cars.

Hailing the partnership, Britain's Prime Minister Rishi Sunak said that this would accelerate the transition of Britain’s car industry from petrol and diesel cars to electric vehicles.

In a statement, Tata Chairman Natarajan Chandrasekaran emphasized that their investment of billions of pounds will introduce cutting-edge technology to the country, significantly advancing the automobile sector's shift towards electric mobility.

Britain is planning to ban the sale of new high-polluting diesel and petrol cars from 2030, forcing its car manufacturing sector to switch production to electric vehicles.

This also falls under its initiative to tackle climate change by achieving net-zero carbon emissions by 2050.