Tata Motors to break ground for new plant in TN on Sept 28

admin admin | 09-18 16:20

Tata Motors will invest INR 9,000 crore to establish a new automobile plant in Tamil Nadu.
Chennai: Tata Motors is all set to break ground for its new automobile plant, with an investment of INR 9,000 crore, in Tamil Nadu on September 28. CM Stalin will be the chief guest at the ground breaking ceremony that would herald Tata group’s foray into Tamil Nadu for automobile manufacturing.

The plant, with a two lakh vehicle per annum capacity, will largely be dedicated to make electric vehicles, both for Jaguar Land Rover models as well as that of other Tata passenger car EV models. Top officials from Tata group as well as TN govt will be present, besides state Industries minister T R B Rajaa.

“Tamil Nadu is already a leader in EV manufacturing. The entry of Tata Motors and its focus on EVs will make the state a dominant player in that segment in the country,” a top TN official told TOI.

The plant will come up over an extent of 400 acres of land at state-owned Sipcot’s Panapakkam industrial estate in Ranipet district. It is expected to generate direct and indirect employment for 5,000 people.

Out of its two lakh vehicles per annum initial capacity, Tata Motors is likely to set aside one-third for Jaguar Land Rover EVs. It has an internal focus to make all its Jaguar Land Rover vehicles as EVs by 2026 and this Ranipet plant is expected to help achieve that in a big way.

Tata Motors is the latest to foray into Tamil Nadu from the Tata group. A group company TCS already has its largest IT base in TN and its Siruseri IT park near Chennai employs close to one lakh IT professionals. Tata Electronics has established its base in Krishnagiri district for making apple products and has been on the look out for expansion.

Disclaimer: The copyright of this article belongs to the original author. Reposting this article is solely for the purpose of information dissemination and does not constitute any investment advice. If there is any infringement, please contact us immediately. We will make corrections or deletions as necessary. Thank you.


ALSO READ

Hyundai Motor India lists with record IPO, commits to Indian market with new tech and EV plans

As part of its effort to introduce clean mobility solutions for Indian buyers, Hyundai will launch f...

auto | 5 hours ago

Skoda Auto Volkswagen India plants over 7 lakh trees in Maharashtra for ecological restoration

Additionally, SAVWIPL has installed 18.5 MWp of rooftop solar power at its Chakan facility, which of...

auto | 5 hours ago

Mega Corporation launches Lendingo to enhance EV financing solutions

Mega Corporation on Monday announced the launch of a new division, Lendingo. Mega Corporation on Mon...

auto | 5 hours ago

GreenLine accelerates decarbonisation efforts with 1,000 LNG trucks by March 2025

The government in a recent draft policy proposed to convert a third of long-haul trucks into LNG pow...

auto | 5 hours ago

Remsons Industries acquires 51% stake in BEE Lighting to enhance automotive lighting solutions

Established in 2006, BEE Lighting specialises in automotive headlamps, rear lamps, and various exter...

auto | 5 hours ago

EV Recharge partners with ZEVO for mobile EV charging solutions

EV Recharge’s technology can charge vehicles from 0% to 80% in just 20 minutes, a significant improv...

auto | 5 hours ago