Tata Group is preparing a blueprint to launch a battery company in India, as well as in other parts of the world.
Last Wednesday, Tata Sons Chairman N Chandrasekara said that Tata Group is preparing a blueprint to launch a battery company both in India and abroad as part of the group’s transition to being “future-ready”.
“We are transforming our core businesses to be future-ready, a transition where we are tightly integrating or embedding digital, data, AI, and sustainability at the core of the business…,” he said, according to Outlook India.
Additionally, he said, “We are preparing the blueprint to launch our battery company both in India and abroad.”
To meet climate goals, many automakers have committed to using zero-emission strategies by investing in batteries as well as their raw material supply chain. They also have set their respective goals of achieving several produced electric vehicles.
“Pressure on making the climate transition is only going to increase … deadlines will only get advanced going forward,” N Chandrasekara said that Tata Group will soon announce its goal towards becoming carbon neutral, as reported by the India Times.
The Group’s plan to be “future-ready” will include investing in renewable energy hydrogen, storage solutions, and the circular economy, he said.