Tata JLR slated to build battery factory in Somerset: Report
The investment is slated to create 9,000 jobs in the region, with industry insiders hopeful that this will encourage further battery investments in the UK.
Jaguar Land Rover owner Tata will unveil plans to manufacture its flagship electric car battery factory in the UK, BBC reported. People in the know said that the new plant in Somerset will be officially on Wednesday, adding that the government is offering subsidies worth hundreds of millions of pounds.
The Gigafactory follows talks with the government on the level of financial support the Tata Group would receive in return for the investment. It will be one of the most significant investments in UK automotive for decades.
The investment is slated to create 9,000 jobs in the region, with industry insiders hopeful that this will encourage further battery investments in the UK.
Tata Group did consider a rival site in Spain for the battery plant. Its decision to choose the UK is likely to be viewed as a big win for Britain by the government.
RELATED ARTICLES
Maruti Suzuki Festive Retail Sales Rise 35%, SUV Sales Double
Small-car retail grew 16% between Ganesh Chaturthi and Dussehra, while pending bookings climbed to 2.7 lakh units as the...
Hyundai Registrations Rise 30% to Nearly 41,000 during Shradh and Navratri
Hyundai Motor India reports strong festive demand across urban and rural markets, with bookings expected to sustain mome...
Bondada Group Enters EV Market via Atpole-Thuraga Partnership; Pre-Bookings Open for T1 E2W
B2B and B2C electric two-wheeler priced at Rs 59,999; commercial availability scheduled for November 2026 across souther...



19 Jul 2023
Mukul Yudhveer Singh

Eshisha Java