As part of the country’s attempts to develop its own electric vehicle supply chain, India’s Tata Group inked an outline agreement on the construction of a lithium-ion cell facility, based on an investment of around 130 billion rupees ($1.58 billion).

India’s automobile market is small in relation to the country’s population. EV sales, which accounted for barely 1% of India’s total automobile sales last year of roughly 3.8 million, are dominated by Tata Motors.

Work on the project, to be headquartered in Sanand, northern Gujarat, is anticipated to begin in three years, according to a joint statement on the memorandum of agreement between Tata’s company Agratas Energy Storage Solutions and the government of the western state of Gujarat.

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