Tata and JSW invest nearly $1 billion in EV and battery technology
Updated
Updated · Bloomberg · May 7
Tata and JSW invest nearly $1 billion in EV and battery technology
14 articles · Updated · Bloomberg · May 7
The Indian conglomerates are separately funding research and development centres to build in-house expertise in next-generation batteries and advanced EV systems.
People familiar with the plans said the spending reflects growing urgency among India’s biggest companies to strengthen domestic capabilities in the sector.
The push aims to cut dependence on Chinese technology as India seeks to expand its electric-vehicle and battery manufacturing ecosystem.
With massive R&D spending, what is India's plan to secure the raw materials needed to build these homegrown batteries?
As Tata and JSW race to build domestic tech, can they truly escape China's shadow in the global battery supply chain?
Will India's billion-dollar push for EV self-reliance actually delay affordable electric cars for the masses?
Tata and JSW’s $6 Billion Bet to Build 110 GWh EV Battery Capacity in India by 2032
Overview
Between 2024 and 2026, Tata Group and JSW Group are making massive investments to build India's domestic EV battery manufacturing capacity, aiming to reduce reliance on imports and support the country's goal of 30% EV adoption by 2030. Tata's Agratas is developing a 20 GWh plant in Gujarat and a 40 GWh facility in the UK, creating a vertically integrated ecosystem with Tata Motors and Tata Power. JSW is building a 50 GWh battery hub in Odisha, backed by technology transfers and a joint venture with SAIC Motor to rapidly expand EV models. Both leverage government incentives and secure raw material sources to ensure supply chain security and capture the growing domestic EV market.