TaMo to set up ₹9K cr plant in Tamil Nadu
Business Standard|March 14, 2024
Tata Motors on Wednesday signed a pact with the Tamil Nadu government to set up a vehicle manufacturing plant in Ranipet near Vellore with an investment of ₹9,000 crore.
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TaMo to set up ₹9K cr plant in Tamil Nadu

The investment, over a period of five years, is expected to create over 5,000 jobs, a state government statement said.

This comes at a time when the company is planning to split its passenger and commercial vehicles businesses into two listed companies. Trucks and buses along with related investments will be housed in one entity, while the second company will include passenger cars, electric vehicles (EVs), and Jaguar Land Rover.

This is the second major automobile-related investment in the state in almost two months.

Vietnam-based EV player VinFast, a rival of Tesla in the global market, started work on building its ₹16,000 crore EV manufacturing facility at Thoothukudi in Tamil Nadu.

この記事は Business Standard の March 14, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Business Standard の March 14, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

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