Tata and JSW invest $1bn to cut India’s reliance on Chinese batteries
▼ Summary
– Tata and JSW are funding separate R&D centers for next-generation battery chemistries and advanced EV systems.
– The conglomerates are investing nearly $1 billion to reduce reliance on Chinese battery component suppliers.
– The investment is a hedge against potential tighter export rules from China.
– Both groups currently buy critical battery components from Chinese suppliers.
– The R&D centers aim to develop alternatives to the current Chinese supply chain.
India’s two biggest industrial powerhouses, Tata Group and JSW Group, are pouring nearly $1 billion into separate research and development centers dedicated to next-generation battery chemistries and advanced electric vehicle systems. The move is a strategic hedge: both conglomerates currently rely heavily on Chinese suppliers for critical battery components and want to secure alternatives before Beijing tightens export rules again. The investment reflects a growing urgency among Indian firms to reduce dependence on Chinese battery imports and build domestic capabilities in the EV supply chain.
(Source: The Next Web)
