Tata to Establish their Advanced Manufacturing Unit in Tamil Nadu

Tata Motors has announced plans to establish a state-of-the-art vehicle manufacturing facility in Ranipet, Tamil Nadu, with an investment of ₹9,000 crore. The Tata group company has signed a memorandum of understanding (MoU) with the Tamil Nadu government for this purpose, marking its second manufacturing plant in southern India. The new facility is anticipated to create approximately 5,000 employment opportunities.

Chief Minister MK Stalin hailed this investment as a significant milestone for Tamil Nadu, reinforcing the state's status as the preeminent automobile hub of India. He likened the impact of Tata Motors' investment to that of Hyundai's during the tenure of former Chief Minister Kalaignar.

The signing ceremony, attended by Chief Minister Stalin and senior executives of Tata Motors, took place in Chennai. This venture represents Tata Motors' inaugural investment in Tamil Nadu, signifying a historic moment for both the company and the state.

Tamil Nadu's Industries Minister TRB Rajaa expressed enthusiasm about the investment, emphasizing Tamil Nadu's pivotal role as the automobile capital of India. He underscored the state's potential as a significant driver of economic growth and viewed Tata Motors' investment as a catalyst for further development.

This announcement comes as another major boost for Tamil Nadu's automotive sector, following a recent announcement by Vietnamese company VinFast regarding its investment plans in the state. Together, these developments reaffirm Tamil Nadu's prominence in the automotive industry and its commitment to fostering industrial growth and employment opportunities.