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does Tata’s $1.6 billion gigafactory plan mean for India’s battery capacity pipeline?","what-does-tatas-1-6-billion-gigafactory-plan-mean-for-indias-battery-capacity-pipeline","article/what-does-tatas-1-6-billion-gigafactory-plan-mean-for-indias-battery-capacity-pipeline",{"_uid":557,"date":558,"tags":559,"editor":563,"content":573,"excerpt":675,"featured":50,"reporter":676,"_editable":680,"component":681,"seo_title":553,"categories":682,"visibility":689,"author_company":49,"featured_image":690,"seo_description":675,"author_full_name":49,"author_job_title":49,"formattedDate":695,"formattedArticleDate":696},"23b5be7b-a0cf-4124-99f3-1311299613af","2023-06-08 00:00",[560],{"slug":561,"name":562},"india","India",[564],{"slug":565,"name":566,"content":567},"matthew-bird","Matthew Bird",{"job_title":568,"image":569,"bio":571,"linkedin":572},"Senior Editor - Supply Chains & Data Visualisation",{"filename":570},"https://a.storyblok.com/f/287943243085208/512x512/14738033ec/matthew-bird.jpeg","Matthew writes, edits and produces content for Benchmark Intelligence and Benchmark Source across the whole mine to grid supply chain. He also acts as a liaison to the press. He has a PhD in electrochemistry from the University of Nottingham.","https://www.linkedin.com/in/birdmatthew/",{"type":574,"content":575},"doc",[576,583,588,593,598,603,608,615,620,625,630,635,640,645,650,655,660,665,670],{"type":577,"attrs":578,"content":579},"paragraph",{"textAlign":49},[580],{"text":581,"type":582},"Indian conglomerate Tata Group will spend Rs 13,000 crore ($1.58 billion) to set up a gigafactory to make lithium ion batteries, a move that is expected to spur the country’s nascent battery manufacturing sector and its supply chain.","text",{"type":577,"attrs":584,"content":585},{"textAlign":49},[586],{"text":587,"type":582},"If Tata’s plant comes online and adds 20 gigawatt hours (GWh) by 2035, this will push India’s pipeline capacity above 50 GWh and will be the country’s biggest battery plant in terms of capacity, according to Benchmark analysis.",{"type":577,"attrs":589,"content":590},{"textAlign":49},[591],{"text":592,"type":582},"Based on current plans, India will account for less than 1% of the global battery capacity by 2030, according to Benchmark Gigafactory Assessment.",{"type":577,"attrs":594,"content":595},{"textAlign":49},[596],{"text":597,"type":582},"“India is currently playing catchup with building a battery supply chain,” said Aran Waid, analyst with Benchmark.",{"type":577,"attrs":599,"content":600},{"textAlign":49},[601],{"text":602,"type":582},"The move comes as India, the world’s fourth largest automotive market, looks to spur the development of an electric vehicle market to support its climate and clean energy goals. Prime Minister Narendra Modi has set a target of ensuring electric cars make up 30% of private car sales by 2030, from less than 1% last year.",{"type":577,"attrs":604,"content":605},{"textAlign":49},[606],{"text":607,"type":582},"Tata Group subsidiary Agaratas Energy Storage Solutions has signed a memorandum of understanding with Gujarat, a state located on the western coast of the Indian peninsula, to set up a gigafactory with production capacity of 20 GWh annually. The company has not disclosed the location of the gigafactory or the timeline for when the construction will begin and complete. ",{"type":609,"attrs":610,"content":612},"heading",{"level":611,"textAlign":49},4,[613],{"text":614,"type":582},"India’s gigafactory plans",{"type":577,"attrs":616,"content":617},{"textAlign":49},[618],{"text":619,"type":582},"Last year India signed agreements under the government’s $2.5 billion Production Linked Incentive (PLI) scheme which provides subsidies for battery production. These include Rajesh Exports, Ola Electric and Reliance New Energy.",{"type":577,"attrs":621,"content":622},{"textAlign":49},[623],{"text":624,"type":582},"Gold refiner Rajesh Exports said in January it has signed an agreement with the Government of India and southern state Karnataka for setting up a 5 GWh lithium ion battery plant in the state, via its subsidiary ACC Energy. No further details have been announced yet. ",{"type":577,"attrs":626,"content":627},{"textAlign":49},[628],{"text":629,"type":582},"Ola Electric, which last year said it will commission a 5 gigawatt-hour battery cell factory in India by the end of 2023 and aims to install 100 GWh over the decade. ",{"type":577,"attrs":631,"content":632},{"textAlign":49},[633],{"text":634,"type":582},"Benchmark currently tracks three gigafactories in India. These include an Exide and SVOLT joint venture, a plant being built by Amara Raja, and Ola Electric’s plant. ",{"type":577,"attrs":636,"content":637},{"textAlign":49},[638],{"text":639,"type":582},"The Amara Raja plant is expected to come online in 2026 with 2 GWh capacity at first, taking India’s overall capacity to 18 GWh in 2026. The capacity will increase to 26 GWh by 2030 and 38 GWh by 2035, according to Benchmark analysis.  ",{"type":577,"attrs":641,"content":642},{"textAlign":49},[643],{"text":644,"type":582},"India’s largest automotive battery producer Exide is constructing a cell manufacturing plant in the southern state of Karnataka in collaboration with China’s SVOLT. Exide said last year its plant will have initial production capacity of six gigawatt-hours which would be ramped up to 12 GWh of capacity this decade with a total of $770 million of investment.",{"type":609,"attrs":646,"content":647},{"level":611,"textAlign":49},[648],{"text":649,"type":582},"Tata’s gameplan",{"type":577,"attrs":651,"content":652},{"textAlign":49},[653],{"text":654,"type":582},"Tata Group subsidiary Tata Motors makes electric cars and has a dominating market share in the Indian electric cars space due to its early head start compared to rivals. A gigafactory would help the automaker lower reliance on China for securing battery cells.",{"type":577,"attrs":656,"content":657},{"textAlign":49},[658],{"text":659,"type":582},"Currently Tata sources the lithium ion batteries from its subsidiary Tata AutoComp Systems, which in turn has a joint venture with China’s Gotion Hi-Tech to produce them locally. ",{"type":577,"attrs":661,"content":662},{"textAlign":49},[663],{"text":664,"type":582},"The automaker had also rolled out an electric vehicle subsidiary Tata Passenger Electric Mobility two years ago. The electric vehicle subsidiary also has a plant in Sanand, Gujarat.",{"type":577,"attrs":666,"content":667},{"textAlign":49},[668],{"text":669,"type":582},"Tata Group, which also owns British luxury brand Jaguar Land Rover, has also been reported to pick the United Kingdom for a multi-billion-pound gigafactory.",{"type":577,"attrs":671,"content":672},{"textAlign":49},[673],{"text":674,"type":582},"Tata Motors sold 50,000 electric vehicles in the fiscal year ended March 2023.","Indian conglomerate Tata Group will spend Rs 13,000 crore ($1.58 billion) to set up a gigafactory to make lithium ion batteries, a move that is expected to spur the country’s nascent battery manufacturing sector and its supply chain. If Tata’s plant comes online and adds 20 gigawatt hours (GWh) by 2035, this will push India’s […]",[677],{"slug":565,"name":566,"content":678},{"job_title":568,"image":679,"bio":571,"linkedin":572},{"filename":570},"\u003C!--#storyblok#{\"name\": \"article\", \"space\": \"\", \"uid\": \"23b5be7b-a0cf-4124-99f3-1311299613af\", \"id\": \"\"}-->","article",[683,686],{"slug":684,"name":685},"batteries","Batteries",{"slug":687,"name":688},"gigafactories","Battery & Gigafactory","private",{"id":49,"alt":691,"name":691,"focus":691,"title":691,"source":691,"filename":692,"copyright":691,"fieldtype":693,"meta_data":694,"is_external_url":51},"","https://a.storyblok.com/f/287943243085208/94059d664d/bm-tata-nexon-evs-on-the-roll.jpg","asset",{"alt":691,"title":691,"source":691,"copyright":691},"Jun 08, 2023","8th June 2023",[],[],1792756381176]