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Tata Sons to set up £4 bn battery factory in UK

Mint Mumbai

|

July 20, 2023

Tata Sons on Wednesday said it would invest £4 billion ($5.16 billion) to establish a new 40GW battery cell gigafactory in the UK.

- Alisha Sachdev

Tata Sons to set up £4 bn battery factory in UK

The cells will be utilized to supply to group companies Tata Motors and Jaguar Land Rover for their electric vehicles, as well as cater to renewable energy storage solutions for customers in Europe and the UK, the company said in a press release. “JLR and Tata Motors will be anchor customers, with supplies commencing from 2026", it said.

The factory is likely to be housed under Tata’s cell manufacturing subsidiary Agratas. The Tata Group announced last month it will invest over ₹13,000 crore to set up a 20GW lithium-ion cell manufacturing factory in Sanand, Gujarat.

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Samsung debuts 1st trifold smartphone

Samsung Electronics Co. unveiled its first so-called trifold smartphone, flaunting its engineering prowess in foldable devices even as the broader category has yet to catch on with consumers.

time to read

2 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

Meesho under fire from investors over SBI Funds allotment

Meesho Ltd's anchor book faced a setback after several major investors pulled out when the Indian e-commerce firm was said to have allocated about a quarter of the shares in this tranche to SBI Funds Management Pvt,, the country’s largest asset manager, according to people familiar with the matter.

time to read

1 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

SC upholds RIL fine on Jio-Facebook deal

The Supreme Court on Tuesday rejected Reliance Industries Ltd’s (RIL) appeal against a Securities Appellate Tribunal (SAT) order that had upheld a ₹30-lakh penalty on two of its compliance officers for the delayed disclosure of the ₹43,574-crore Facebook-Jio investment deal in 2020.

time to read

2 mins

December 03, 2025

Mint Mumbai

Online policing should abide by democratic principles

In 201l, the US Federal Bureau of Investigation identified Timothy Carpenter as the ringleader of a string of armed robberies in Michigan and Ohio.

time to read

3 mins

December 03, 2025

Mint Mumbai

Mint Mumbai

Youngsters lap up multiplex ticket discounts but shrink F&B spending

Urban, youth-centric films such as Saiyaara and FI: The Movie are setting cinema cash registers ringing, bringing returns for multiplexes that are trying to attract audiences with discounts and buy-one-get-one offers.

time to read

2 mins

December 03, 2025

Mint Mumbai

Sberbank keen on India infra projects

Sberbank, Russia’s largest bank, is interested in partnership and participation in large-scale infrastructure projects in India.

time to read

1 min

December 03, 2025

Mint Mumbai

Yoodli raises $40 mn to build AI learning

Yoodli has raised $40 million in Series B funding led by WestBridge Capital, as the Seattle-based experiential learning platform strengthens its team and expands more aggressively into the enterprise market.

time to read

1 min

December 03, 2025

Mint Mumbai

Tata Comms acquires 51% stake in Commotion

Tata Communications has acquired a 51% stake in Commotion Inc., a leading AI-native enterprise SaaS platform with operations in US and India in a deal valued at ₹227 crore, as per a filing with the exchanges on Tuesday.

time to read

1 min

December 03, 2025

Mint Mumbai

Fireside raises $253 mn as Indian brands draw funds

Fireside Ventures has closed its fourth consumer-focused fund at $253 million with a more diverse base of investors, or limited partners (LPs), to continue backing early-stage startups in India, a top official at the investment firm said.

time to read

1 mins

December 03, 2025

Mint Mumbai

Ola rolls out non-AC rides pan-India

The new category creates significant opportunities for drivers, the firm said.

time to read

1 min

December 03, 2025

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