🚀 Business & Startups🇮🇳 India
Tata's Battery Arm Agratas Signs $530 Million Supply Deal With Jaguar Land Rover
mint - companies·Monday, 22 June 2026
Tata group's EV battery company Agratas has signed a $530 million battery supply agreement with Jaguar Land Rover. The deal is expected to generate around $42 million, or roughly ₹400 crore, in revenue for Agratas in FY27. This is a related-party transaction, meaning JLR and Agratas are both part of the Tata group.
Why It Matters
This shows Tata is building a serious EV battery business in India, which could eventually supply other carmakers and shape the future of electric vehicles here.
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