🚀 Business & Startups🌐 Global
Tata's UK Battery Unit Raises Loans to £1.15 Billion as Somerset Gigafactory Nears Completion
mint - companies·Sunday, 5 July 2026
Tata Group's UK battery unit, Agratas, has increased its loan facility by 53% to £1.15 billion. Lenders have also pushed back the repayment deadline to September 2027. The expanded funding comes as the Somerset gigafactory — which already received a £350 million UK government grant — nears completion.
Why It Matters
Tata is one of India's most recognisable global brands, and its UK battery business supplies Jaguar Land Rover. How this project performs affects both Tata's global ambitions and India's reputation as an industrial power.
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