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According to Reuters, Tata Group, an Indian conglomerate is looking to establish a battery company both in India and abroad.
Chairman, Tata Sons, Chandrasekaran stated that Tata Group is moving towards sustainability across its businesses, which includes a push for clean mobility at Tata Motors as well as Jaguar Land Rover’s British luxury unit Jaguar Land Rover.
He explained that the “blueprint of the battery company” is part of a larger plan to be “future-ready” by investing in renewable energy and hydrogen, storage solutions, the circular economy, and other related investments.
Globally, auto companies are working towards zero-emission strategies in order to achieve stringent climate goals. They also invest in raw materials like batteries.
According to the report, the company said that it has plans to launch 10 electric models by 2025, whereas Jaguar Land Rover’s luxury Jaguar brand will be entirely electric by 2025. The automaker have plans to launch electric models of its entire line-up by 2030.
Chandrasekaran stated, “Pressure to make the climate transition only going up… deadlines will only advance going forward,” while adding Tata will soon announce its goal of becoming carbon neutral.