Tata Group aims to accelerate Jaguar Land Rover's shift to electric cars by setting up battery cell manufacturing operations in Europe.
JLR and Tata Motors will be the anchor customers for the facility, which will also sell battery cells to the wider market, said Tata Motors Chief Financial Officer, P.B. Balaji.
“We are well covered on the production plans for batteries, but we will require some cell capacity coming into Europe,” Balaji said at the India Auto Expo taking place this week on the outskirts of New Delhi.
Tata is finalizing plans and will announce details soon, he said, declining to disclose the location of the facility and a time frame. There will be a “lot of investments,” Balaji said, without elaborating.
The “intellectual property-heavy” facility will produce two cell chemistries — lithium iron phosphate for Tata Motors’ EVs and nickel manganese cobalt for the Indian automaker as well as JLR, Balaji said.
The plan should hel…