Tata Motors is building a Gigafactory to fuel its EV Dreams. The Tata group has already set up over 36,000 public chargers across the country. It has also created chemicals in lithium ion cell production that can be used for local battery production. As part of PLI whaling scheme, Tata will get an extra 13,000 crore rupee per year on top of existing incentives.
A couple of days ago, the Tata Group announced that it is setting up a massive ₹13,000 crore battery plant to supercharge its EV ambitions. Its EV sales jumped by 60% in May compared to last year. And the shares of Tata Motors have now hit a 52-week high.
So in today's episode for 7th June 2023 we thought we could explore how Tata came to be India’s EV giant.