TATA GROUP'S LITHIUM DREAM

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Tata Group will be investing ₹13,000 Cr. to build a Lithium Gigafactory in India.

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Why does India need to manufacture lithium?

1. Lithium is a critical material for EVs and renewable energy. It makes up 40-50% of the cost of an EV. 2. Since most of the world's lithium reserves are located outside India, we currently import a majority of lithium-ion cells/batteries used in EVs.

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India’s lithium imports increased from ~$1100 mn to $1700 mn between FY21 and FY22.

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What’s the problem with India importing lithium-ion cells/batteries?

1. Cost:  In-house manufacturing of batteries can reduce the cost of manufacturing EVs drastically. 2.Made for India: Imported batteries may not be designed to withstand India’s unique road and weather conditions.

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Why is Tata focused on local lithium-ion manufacturing?

1. Currently less than 70% of the components for Tata’s EVs are built locally. Tata aims to increase this to 85% with its new factory, which can result in a 15% reduction in the cost of EV components. 2. This will also help reduce the dependence on third-party suppliers, especially in China.

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Which other companies have recently made investments in lithium battery manufacturing?

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