Tata and JSW invest $1 billion in EV and battery technology
after close1 source ↓written by the desknot a recommendation
- to enhance India's
- $1 billion (₹8,300 cr)
- for a new
- $400 million
- research hub
- $500 million
Tata Group and JSW Group are investing nearly $1 billion (₹8,300 cr) to enhance India's EV and battery technology. Tata's Agratas unit will allocate $400 million for a new R&D facility in Bengaluru, focusing on lithium chemistries, while JSW Motors plans a $500 million research hub in Maharashtra. This initiative aims to reduce reliance on Chinese imports and strengthen India's EV ecosystem.
Not investment advice. For informational purposes only.