[Tata Group will build India's first lithium-ion battery superfactory with an initial investment of nearly $1.6 billion]. According to a press release released on the website of the government of the Indian state of Gujarat on June 3, Indian industrial giant Tata Group signed an agreement with the state to build the country's first lithium-ion battery superfactory. Tata Agaratas Energy Storage Solutions, a subsidiary of the Tata Group, signed a memorandum of understanding with Gujarat on Friday local time to build an electric car battery factory with a capacity of 20 gigawatts to produce India's first lithium-ion batteries, with an initial investment of nearly 130 billion rupees ($1.6 billion), creating direct and indirect jobs for more than 13000 people.