Tata plans to announce new EV battery manufacturing plant in UK for JLR cars

Tata is anticipated to declare on Wednesday that it has decided to locate its new

electric vehicle

Tata's decision to locate an EV battery manufacturing facility in the UK would be a major victory for the nation's automotive sector.

Furthermore, domestic battery manufacture will assist British automakers in adhering to post-Brexit trade regulations, which mandate that they source more components for electric vehicles locally in order to avoid tariffs on UK-EU commerce beginning in 2024.

According to reports, the UK government intends to provide Tata subsidies for the battery project worth hundreds of millions of pounds. Although the decision to invest in battery manufacture in the UK is broadly applauded, several lawmakers, including Darren Jones, leader of the business committee, have emphasised the need for more thought on the subsidy package necessary to guarantee the investment.

"We applaud JLR's decision to invest in battery manufacturing in the UK. However, we will want to consider the subsidy package that was necessary to guarantee this choice, according to Darren Jones, chair of the parliamentary business committee.

Tata's decision to locate its battery production in the UK would also support Prime Minister Rishi Sunak's administration, which has lofty net-zero targets. The Salamanca Group, a privately held merchant banking company, owns the potential plant site.