India’s Tata Group plans manufacturing push into chips and EV batteries

India’s Tata Group is planning a foray into semiconductor manufacturing as the coffee-to-cars conglomerate seeks to mitigate the pain from the global chip crisis as well as reduce dependence on imports.Besides making chips, plans to manufacture batteries for electric vehicles will also be announced soon, N Chandrasekaran, chairman of Tata Sons, the group’s main holding company, said at an event in Mumbai on Friday.Mr Chandrasekaran had spoken about evaluating partnerships for cell and battery manufacturing in India and Europe in Tata Motors’ annual report in June.The initiatives by the $103 billion Tata Group are aligned to Prime Minister Narendra Modi’s attempts to make India a leader in semiconductor production and reduce its reliance on imports amid global chain disruptions.Several international chip giants including Intel and Taiwan Semiconductor Manufacturing are exploring…

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