Tesla Group and SRAM & MRAM Partner to Launch EV Battery Gigafactories in India

As per the news reports, Battery energy storage systems manufacturer Tesla Group a.s. has partnered with technology and sustainability leader SRAM & MRAM Group to develop large-scale electric vehicle (EV) battery facilities in India and several global markets. 

The $1 billion agreement includes the construction of five gigafactories in India, alongside additional plants in countries such as the US, Brazil, Malaysia, Oman, the UAE, and Cambodia.

Building a Global EV Battery Supply Chain

As per the news reports, Sailesh L Hiranandani, Chairman of SRAM & MRAM Group, the collaboration will establish one of the most extensive EV battery manufacturing and storage supply chains globally. 

While SRAM & MRAM will manage regulatory clearances, subsidies, tax benefits, and local collaborations, Tesla Group a.s. will be responsible for the design, engineering, and construction of the advanced gigafactories. Each unit is expected to cover nearly 500 acres and integrate full-scale production and storage infrastructure.

Advancing Sustainable Energy and Local Growth

As per the news reports, Nanda K Bhagi, President of Tesla Group a.s., highlighted that the partnership combines Tesla’s advanced battery energy storage technology with SRAM’s global market expertise. Beyond manufacturing, the companies aim to create ecosystems that support local communities and strengthen the transition toward sustainable energy. 

The integrated approach is expected to accelerate EV adoption, attract investments, and position India and partner countries as critical players in the global clean energy landscape.

Read More: Tesla's India Launch Sees Only 600 Bookings Since July: Report!

Conclusion

The Tesla Group–SRAM &AM alliance represents a significant step in scaling up EV battery production worldwide. By setting up gigafactories across multiple continents, the partnership is poised to redefine the EV supply chain, promote sustainability, and contribute to global energy transformation.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. This does not constitute a personal recommendation/investment advice. It does not aim to influence any individual or entity to make investment decisions. Recipients should conduct their own research and assessments to form an independent opinion about investment decisions. 

Investments in the securities market are subject to market risks, read all the related documents carefully before investing.