Tata Group unveiled plans for a £4 billion battery factory in Bridgwater, UK, its first gigafactory outside India. Located at the Gravity Smart Campus in Somerset, the 40 GWh plant will be among Europe s largest battery-cell manufacturing sites. It is expected to create up to 4,000 green-tech jobs directly, with many more indirectly. The factory, set to start production in 2026, will initially supply batteries to Jaguar Land Rover and Tata Motors, contributing to Britain s shift towards electric mobility.
Tata is in the early stage of discussions to carve out Agratas Energy Storage Solutions as an independent unit, the report said, citing people familiar with the matter.
Tata Group is considering spinning off its battery business, Agratas Energy Storage Solutions Pvt, as an independent unit to raise funds and potentially go public in Mumbai. Agratas designs and makes batteries for the automobile and energy sectors, with factories in India and the UK.
R Mukundan says the domestic markets where Tata Chemicals has strong presence, have more or less stabilised and would continue to be range-bound. In terms of exports out of the US and Kenya, the next full year would see a recovery up from the $100 dip that will be seen in the next quarter.