SRAM & MRAM Chairman Sailesh L Hiranandani Confirms Agreement to Set Up 5 EV Battery Gigafactories in India and 15 Countries Including US, UAE & Brazil
New Delhi: In a major push for clean mobility and energy independence, Tesla Group a.s. and SRAM & MRAM Group have signed a $1 billion agreement to establish electric vehicle (EV) battery gigafactories in India. The partnership also extends to 15 other countries, including the US, Malaysia, Oman, Brazil, the UAE, and Cambodia.
According to Sailesh L. Hiranandani, Chairman of SRAM & MRAM Group, the deal will see five EV battery factories set up in India. “This collaboration will create one of the largest battery manufacturing and storage supply chains for electric vehicles globally,” he said.
Partnership Roles
Under the agreement, SRAM & MRAM Group will spearhead efforts to secure approvals, subsidies, tax incentives, and local partnerships, ensuring smooth integration with state and central policies. Meanwhile, Tesla Group a.s. will handle the design, engineering, and construction of the gigafactories, bringing advanced expertise in Battery Energy Storage Systems (BESS).
“By combining our advanced BESS technology with SRAM’s global expertise, we are not only building factories but also fostering vibrant communities that will drive the future of sustainable energy,” said Nanda K Bhagi, President of Tesla Group a.s.
Mega-Scale Infrastructure
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Each gigafactory will span around 500 acres and will house a comprehensive EV battery manufacturing and storage supply chain, enabling large-scale production to meet the surging global demand for electric mobility solutions.
India’s EV Ecosystem Boost
Industry analysts view this development as a transformative step for India’s EV ecosystem, strengthening the country’s position in the global supply chain. With the government targeting 30% EV penetration by 2030, large-scale battery manufacturing is seen as a critical enabler.The Tesla–SRAM alliance is expected to not only accelerate EV adoption in India but also attract further investments in green technology, making India a key hub for sustainable energy innovation.
