Highlights:
• Tata’s focus is on semiconductors.
• Apart from chips, another plan of Tata group is to make batteries for electric vehicles
Tata group with Prime Minister, attempts to make India a leader in semiconductor production and reduce its reliance on imports amid global chain disruption.
Plans of Tata
Next focus of Tata is on semiconductors, seeks to trim the pain from the global chip crisis as well as reduce its dependence on imports. Apart from chips, another plan of Tata group is to make batteries for electric vehicles too. The initiative by the $ 103 billion Tata group with Pime Minister, attempts to make India a leader in semiconductor production and reduce its reliance on imports amid global chain disruption. Several international chip giants including Intel Corp. and Taiwan Semiconductor Manufacturing company are exploring India as a potential manufacturing base.
Lockdown in China have worsened the visibility of semiconductors and the logistic have become the next challenge for Tata Motors given the lack of availability of containers. To mitigate the semiconductor crunch, Tata Motors is going for premium freight, finding alternatives for chips and buying them from the open market, said Shailesh Chandra, managing direct of Tata Motors.
Two battery power models of Tata Motors
Tata’s foray into semiconductor making will also help its group firm, Tata Motors, which makes the iconic Jaguar Land Rover brands and has suffered due to these shortages.Tata Motors currently sells two battery powered models, the Nexon EV and Tigor EV, but these cars also have variants that run on fossil fuels.
Also Read: INDIA SOON TO BE A SEMI CONDUCTOR HUB!
