Tata Group on Wednesday announced an investment of 4 billion pounds (about Rs 42,500 crore) in setting up a flagship factory to make batteries for Jaguar Land Rover as well as other manufacturers.
Tata Sons, owner of JLR, chose Bridgwater in Somerset in southwest England for the gigafactory over a rival location in Spain. The gigafactory, at 40GWh, will be one of the largest in Europe and Tata's first outside of India, the conglomerate said in a statement.
The plant, being described as the most important investment in UK automotive since Nissan arrived in the 1980s, may have got subsidies worth hundreds of millions of pounds. Neither the company nor the UK government gave details of the subsidy provided