According to the government of Gujarat, Indian industrial giant Tata Group signed an agreement with the state to establish the country's first lithium-ion battery Ultimate Factories.
Tata Agarata Energy Storage Solutions, a subsidiary of Tata Group, signed a memorandum of understanding with Gujarat to build an electric vehicle battery factory with a capacity of 20 gigawatt hours in the state to produce India's first batch of lithium-ion batteries. It is estimated that the initial investment will be nearly 130 billion rupees, creating direct and indirect employment opportunities for more than 13000 people.
