 |
|
Tamil Nadu, under the leadership of Chief Minister M.K. Stalin, continues to attract global companies, solidifying its position as India's automotive powerhouse. The recent groundbreaking ceremony for the ₹9,000-crore Jaguar Land Rover (JLR) and Tata Motors manufacturing facility in Ranipet underscores this commitment to economic growth and development. The state's long-standing history in the automotive sector, evident in the presence of established players like Ford and Renault Nissan, contributes to its robust manufacturing ecosystem.
The Tata Group, a significant player in various sectors, has strengthened its ties with Tamil Nadu. The group's presence spans diverse areas, from information technology to hospitality, with Chennai serving as the headquarters of its largest IT delivery center. The new manufacturing facility in Ranipet signifies a further commitment to the state, with a focus on creating employment opportunities, particularly for women. The plant is poised to contribute to the region's economic prosperity and empower women by providing them with sustainable livelihoods.
The new Tata Motors facility will play a pivotal role in the production of next-generation sports cars and SUVs for both Tata Motors and JLR. This strategic move aligns with the companies' vision to cater to the growing demand for premium and technologically advanced vehicles. The plant, with a projected annual capacity of 2.5 lakh vehicles, is expected to become operational in a phased manner over the next five to seven years. This expansion signifies Tata Motors' commitment to leveraging cutting-edge manufacturing technology and incorporating sustainability practices in its operations.
Source: T.N. to remain ‘address’ for MNCs, says CM at Tata’s ₹9,000-cr. auto unit