India’s Tata Group is setting up battery factories in India and abroad to boost the electric vehicle ecosystem, said company chairman Natarajan Chandrasekaran, reported by Reuters on Thursday.
The battery factory will also strengthen Tata Motors’ plans to launch 10 electric car models from 2025 to 2030.
Chandrasekaran explained, Tata Motors will follow the efforts of global automotive manufacturers who are pursuing a zero emission strategy to adapt to increasingly stringent climate policies.
“Climate transition pressures will increase… the deadlines are getting narrower,” he said, adding that the Tata group would soon announce their goal of becoming a carbon-neutral company.
The battery plant plan is part of a broader strategy to make the company more “future-ready” through investments in renewable energy, hydrogen, storage solutions and the circular economy, Chandrasekaran said.
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