6.40 (1.93%) Tata Motors has started working on its gigafactory in Somerset in the UK, and the financial closure for the project is underway. The site has been procured and the company has already started the land-levelling work in that space.
The company had last year in July announced plans to set up a global battery cell gigafactory in the UK at an investment of over 4 billion pounds to help power the automotive sector's transition to electric mobility.
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.