Ad
Ad
The UK is set to win the battle of hosting Tata's new car battery manufacturing plant over Spain. The boss of Jaguar Land Rover is expected to visit London next week to confirm this mega deal, says BBC report.
According to a BBC report, the Jaguar Land Rover owner, Tata Motors, is all set to pick the UK over Spain for a multi-billion pound electric car battery plant. The boss of Jaguar Land Rover is expected to fly to London next week to finalize the deal for setting up a car battery manufacturing plant that will give employment to up to 9,000 people directly in Somerset, England.
However, the government officials of the UK refused to comment on this BBC report. The parent company, Tata Sons, also did not reply instantly.
The country's automotive sector employs 8,00,000 people directly and within the supply chain.
According to the BBC's report, this decision by Tata to pick the UK over Spain was a major win for Rishi Sunak's government because the government was pressured to attract major investments from carmakers.
Further, finance minister Jeremy Hunt hinted at this development with a short statement, "Watch this space," when questioned about it at an event.
The UK has already left behind the US and Europe in terms of local manufacturing and promoting EV car manufacturing. Without proper manufacturing facilities, the future of the UK's car industry will be at risk.
Earlier this week, one of the largest car manufacturers, Stellantis, warned the UK that factories would be required to be closed if the government does not negotiate a Brexit deal. This owner company of Vauxhall, Citroen, Fiat, and Peugeot has already announced plans to manufacture electric cars in the UK. However, it was under threat due to post-Brexit rules.
According to a BBC report, this unexpected decision by Tata to set up an EV battery plant in the UK is a costly undertaking. The UK government hasn't specified the figures but has said that the subsidies are in hundreds of millions of pounds.
These subsidies might be in the form of cash grants, energy subsidies, and other R&D funding. The Indian automotive brand, Tata, has a deep interest in the UK, including Port Talbot Plant in South Wales, and the government is expected to offer about £300m of subsidies and other benefits to upgrade these operations. Combining all these benefits, the total incentives given to Tata may come close to £800m.
Based on government sources, these two projects will not be announced at the same time though they are interconnected with each other.
Some investment insiders in the UK also believe that this big investment from Tata, India's largest automotive manufacturer, will open the door to other battery investments in the UK, which only has Nissan's Sunderland factory. The EU has about 35 battery manufacturing plants in construction or planned.
Isuzu V-Cross 2024 Facelift Launched at Rs 21.2 Lakh: Here's All Details
Isuzu has revealed the full price list for the new 2024 V-Cross. It has received a few cosmetic & styling updates along with some new safety features.
02-May-2024 12:27 PM
Read Full NewsIsuzu V-Cross 2024 Facelift Launched at Rs 21.2 Lakh: Here's All Details
Isuzu has revealed the full price list for the new 2024 V-Cross. It has received a few cosmetic & styling updates along with some new safety features.
02-May-2024 12:27 PM
Read Full NewsFerrato's e-Bike Disruptor Launched at an introductory price of Rs 1.40 Lakh in Delhi
Okayas’ EV’s premium offering, Ferrato, has finally launched Disruptor, its most anticipated launch of early 2024. The bike is claimed to offer a running cost of ₹1 per 4 km.
02-May-2024 07:54 AM
Read Full NewsFerrato's e-Bike Disruptor Launched at an introductory price of Rs 1.40 Lakh in Delhi
Okayas’ EV’s premium offering, Ferrato, has finally launched Disruptor, its most anticipated launch of early 2024. The bike is claimed to offer a running cost of ₹1 per 4 km.
02-May-2024 07:54 AM
Read Full NewsForce Gurkha Launched at Rs 16.75 Lakh For 3 Door & Rs 18 Lakh For 5 Door, Bookings Now Open
Force Motors is expected to announce the prices and launch the SUVs very soon, probably in the next few days.
02-May-2024 06:15 AM
Read Full NewsForce Gurkha Launched at Rs 16.75 Lakh For 3 Door & Rs 18 Lakh For 5 Door, Bookings Now Open
Force Motors is expected to announce the prices and launch the SUVs very soon, probably in the next few days.
02-May-2024 06:15 AM
Read Full NewsBajaj to Launch Pulsar NS400 Tomorrow, What to Expect
Bajaj set to unveil Pulsar NS400 tomorrow, touted as the largest Pulsar yet. Enthusiasts anticipate an affordable offering with a 373cc engine, advanced features, and a sleek design.
02-May-2024 05:57 AM
Read Full NewsBajaj to Launch Pulsar NS400 Tomorrow, What to Expect
Bajaj set to unveil Pulsar NS400 tomorrow, touted as the largest Pulsar yet. Enthusiasts anticipate an affordable offering with a 373cc engine, advanced features, and a sleek design.
02-May-2024 05:57 AM
Read Full News2024 Harley-Davidson Motorcycle Range Launched In India, Reintroduces Breakout 117
Harley-Davidson's 2024 lineup hits India with a bang, featuring 10 premium models including updated Street Glide and Road Glide. Prices start at Rs. 13.39 lakh, offering enthusiasts a thrilling range of options.
01-May-2024 12:53 PM
Read Full News2024 Harley-Davidson Motorcycle Range Launched In India, Reintroduces Breakout 117
Harley-Davidson's 2024 lineup hits India with a bang, featuring 10 premium models including updated Street Glide and Road Glide. Prices start at Rs. 13.39 lakh, offering enthusiasts a thrilling range of options.
01-May-2024 12:53 PM
Read Full NewsDucati DesertX Rally Version Launched in India at Rs 23.7 Lakh
The Ducati DesertX Rally Version debuts in India at Rs 23.7 Lakh. Featuring premium Kayaba suspension, 48mm forks, high ground clearance, and shared electronics, it's set to dominate the adventure bike arena.
01-May-2024 10:04 AM
Read Full NewsDucati DesertX Rally Version Launched in India at Rs 23.7 Lakh
The Ducati DesertX Rally Version debuts in India at Rs 23.7 Lakh. Featuring premium Kayaba suspension, 48mm forks, high ground clearance, and shared electronics, it's set to dominate the adventure bike arena.
01-May-2024 10:04 AM
Read Full NewsAd
Ad
BMW M4 Competition
₹ 1.53 Cr
Isuzu V-Cross
₹ 21.2 - 30.96 Lakh
Force Motors Gurkha
₹ 16.75 - 18.0 Lakh
Skoda Kushaq
₹ 11.99 - 19.79 Lakh
Skoda Slavia
₹ 11.63 - 18.83 Lakh
Lexus UX
₹ 40.00 Lakh
MG RC6
₹ 18.00 Lakh
Fisker Ocean EV
₹ 80.00 Lakh - 1.00 Crore
MG Marvel X
₹ 30.00 Lakh
BMW 5 Series 2024
₹ 70.00 Lakh
Ad
Ad
Ad