India's dhandho moves in the global battery race
Move to own high $ per sqft
The Tata Group is set to invest over ￡4 billion (around $5.17 billion) to develop battery production facility in the U.K. This project will support the U.K.'s objective to secure its own supply of EV batteries. Expected to generate 4,000 direct jobs. The U.K. government said that the gigafactory is expected to meet nearly half of the estimated battery production demand in the U.K. by 2030. This project is said to represent the biggest U.K. car investment in 40 years.
Move to stake high sqft per $
According to media reports, Tesla is reconsidering its strategy in India and has begun discussions with Indian officials to explore potential incentives provided by the government for both car and battery manufacturing. Initially, Tesla intended to export cars to India to test demand but now appears to be more interested in domestic production. The negotiations, led by the Indian Commerce and Industry Ministry, aim to strike a balance between local manufacturing and exports.
There is much to speculate and estimate, for the next time.
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