CM MK Stalin himself laid the foundation for such a factory in Tamil Nadu, one of the big states of South India, whose budget is Rs 9,000 crore. This factory will create more than 5 thousand jobs in the coming years. On the other hand, the product made from here will not only go to India but also abroad. Yes, the foundation stone of Tata Motors’ automobile manufacturing unit has been laid in Tamil Nadu. A memorandum of understanding was signed between Tata Motors and the Tamil Nadu government regarding this factory in March. Let us also tell you what this whole project consists of?
5,000 jobs will be created
Tamil Nadu CM MK Stalin on Saturday laid the foundation stone of a new manufacturing unit of leading vehicle manufacturing company Tata Motors. 9,000 million rupees will be invested in this plant. The inauguration ceremony of this project was held at Panpakkam in this district, about 115 kilometers from Chennai. This plant is expected to create 5,000 new jobs. Besides the Chief Minister, DMK chief ministers Durai Murugan, TRB Raja, Chief Secretary N Muruganandam and Tata Sons Ltd Chairman N Chandrasekaran participated in the bhumi pujan ceremony. On this occasion, Stalin expressed his happiness over Tata Motors’ plan to set up a manufacturing plant in Tamil Nadu.
The deal was closed in March.
Stalin said Tamil Nadu is the prime investment destination not only for large companies operating in India but also for multinational corporations. We are pleased with Chandrasekaran’s presence in this show. Chandrasekaran, who hails from Namakkal district and runs a world-renowned company, is a source of pride for the state. Tata Motors had signed an MoU with the government in March to set up the plant. N. Chandrasekaran, Chairman, Tata Motors and Tata Sons Private Limited, said many Tata Group companies operate successfully from here. Now we are going to build our advanced vehicle manufacturing plant here.
read this too
What is the planning until 2030?
As on March 31, 2024, Tata Motors had an installed production capacity of one million units at its automobile assembly lines in Pune, Maharashtra and Sanand, Gujarat, with sales of 5,73,541 units. According to some reports, the company aims to achieve annual sales of one million units by fiscal 2030. JLR cars will also be manufactured for the first time at the Tamil Nadu plant. This iconic brand has been produced in Solihull, UK, for at least 50 years. Local assembly of the Range Rover SUV recently started in Pune.
State becomes the automotive center of the country
Tamil Nadu itself has become an automotive hub on the east coast of India. South Korea’s Hyundai Motor Company, BMW AG, Renault-Nissan and Citroën PSA all have operations in the state. Indian two-wheeler manufacturers including Royal Enfield, TVS Motor Company Limited, Ola Electric Mobility Limited and Ather Energy also have a presence in the state.
Recently, US-based Ford Motor Company signed an agreement with the state government to restart operations at its Chennai unit, but only for exports. The Tata Group’s presence in Tamil Nadu is equally extensive. Tata Electronics Ltd., which is a subsidiary of Apple Inc. in Thimjepally, Hosur. , which assembles iPhones, is building a township for its employees. Titan Company Limited already has a presence in Hosur.
