Today, the Tata Group has announced plans to establish a global 40GW battery cell gigafactory in the United Kingdom. Jaguar Land Rover-owner Tata Group announced the ambitious plan to invest £4 billion ($5.2 billion) in the electric car battery factory in the UK.Notably, the gigafactory is Tatas outside India. According to the experts, this is one of the most significant investments in the automotive industry to date and will create more than 4,000 jobs, with further roles expected to be created in supply chains.In addition to this, the investors have also applauded the companys ambitious investment plans, driving Tata Motors shares to a day high of ₹625.30 on July 19. Tata Motors shares were 1.64% higher at ₹622.15 at 12.55 am on the National Stock Exchange.The primary growth catalyst for Tata Motors has been the positive perception of the companys luxury division, Jaguar and Land Rover. The share price of Tata Motors has increased by more than 60% so far this year as a result of the strong feeling for JLR.Tatas decision to do business in Britain is good news for Prime Minister Rishi Sunaks administration, which promised to boost the economy and set net zero goals, among them a prohibition on the sale of new fuel and diesel cars from 2030.Our investment will bring state-of-the-art technology: Chairman N. ChandrasekaranHere is what the message from Chairman reads:Today, the Tata group announced plans to establish a global 40GW battery cell gigafactory in the United Kingdom. Heres a message from our Chairman N. Chandrasekaran on this occasion. #ThisIsTata pic.twitter.com/y7Oypj0S94— Tata Group (@TataCompanies) July 19, 2023“We are excited to announce that our parent, @TataCompanies, will build its global battery business, with a gigafactory, in the UK. As an anchor customer of Tata Groups new battery venture, Agratas, this is great news for our people and business,” Chairman N. Chandrasekaran said.We are excited to announce that our parent, @TataCompanies, will build its global battery business, with a gigafactory, in the UK. As an anchor customer of Tata Groups new battery venture, Agratas, this is great news for our people and business.#EVs #Electrification #GigaUK pic.twitter.com/0XXKQ8TxEA— JLR (@JLR_News) July 19, 2023“Whats more – its good for the planet”: UK PM Rishi SunakIn a series of tweets, the prime minister of the United Kingdom Rishi Sunak said that the country is incredibly proud that they have been chosen as home for investment by Tata Group. Sunak calls it a landmark day for the British auto industry and two of those iconic brands in particular.The UK is one of the best places in the world to invest and we can be incredibly proud that we have been chosen as home to @TataCompanies new gigafactory.Its also a huge vote of confidence in the UK automotive industry and our plan to grow the economy 🇬🇧 pic.twitter.com/ZE8O3k6Hed— Rishi Sunak (@RishiSunak) July 19, 2023Whats more – its good for the planet.The new gigafactory will provide almost half of the car battery production needed in the UK by 2030.And it will mean the UK is perfectly positioned to be a global leader in battery technology. pic.twitter.com/R8HLq1Xeke— Rishi Sunak (@RishiSunak) July 19, 2023When I think of the iconic cars designed and made in Britain throughout history my mind goes to Aston Martin, Rolls Royce, Jaguar and Land Rover.Today marks a landmark day for the British auto industry and for two of those iconic brands in particular 👇🧵 pic.twitter.com/etqDpZeWL9— Rishi Sunak (@RishiSunak) July 19, 2023
