As per the trusted reports, The United Kingdom is likely to secure JLR battery plant for electric vehicles, gaining an advantage over Spain in the race. Reportedly, the parent company of Jaguar Land Rover, Tata Group is leaning toward choosing a factory location in England.
The support package offered by the UK government likely played a crucial role in securing Tata's interest and favoring England as the potential location for the battery plant. The automaker’s decision could not only boost the UK's position in the EV market but also contribute to the creation of jobs and stimulate economic growth in the region.
Apparently, since the Brexit referendum, the UK has encountered difficulties in attracting big investments in the automotive industry. Many manufacturers have relocated their production facilities to other countries as the sector is shifting toward electric vehicles.
Stellantis NV, for instance, recently signaled that its operations in the UK could close if manufacturing costs became uncompetitive and unsustainable. Furthermore, BMW announced its decision to relocate the manufacturing of MINI Electric variant from Oxford to China last year, while Honda Motor Co. shuttered its production site in Swindon in 2021. This leaves the UK with only four major automobile manufacturers: Jaguar Land Rover, BMW, Toyota Motor Corp., and Nissan Motor Co.
Industry experts cites that if Tata indeed chooses the UK, it would not only ensure the future of Jaguar Land Rover's plants in the country but also represent a major triumph for the British government, which faced fierce competition from Spanish authorities vying for the investment.
While Tata Group declined to comment on the matter, as did a representative from the Department for Business & Trade, the potential selection of the UK by Tata signals a positive development for the country's automotive sector.
The sources cite that Somerset, England, is the proposed site for the battery plant, which would be responsible for manufacturing batteries for Jaguar Land Rover's upcoming line of fully electric models slated for release in 2024.
Source Credit: https://www.livemint.com/auto-news/tata-group-leans-toward-uk-over-spain-for-battery-plant-report-11684425371190.html