Tata Motors and Tamil Nadu Government Partner for Vehicle Manufacturing Hub
Tata Motors signs MoU with Tamil Nadu government for potential vehicle manufacturing facility, involving INR 9,000 crore investment and up to 5,000 job opportunities.
Mumbai- Tata Motors Group, India's foremost manufacturer of commercial and passenger vehicles, has inked a facilitation Memorandum of Understanding (MoU) with the Government of Tamil Nadu, aiming to explore the establishment of a vehicle manufacturing facility within the state. The MoU outlines an investment of approximately INR 9,000 crores over a span of 5 years, with the potential to generate up to 5,000 jobs, both directly and indirectly. Subsequent to the MoU's signing, teams from Guidance, Tamil Nadu's key agency for investment promotion and facilitation, and Tata Motors Group will collaborate to advance this opportunity. The exchange of the MoU took place in the presence of Tamil Nadu's Honorable Chief Minister, Thiru. M.K. Stalin, with Mr. V Vishnu, IAS, Managing Director & CEO of Guidance, and Mr. PB Balaji, Group CFO of Tata Motors, signing the agreement. Also in attendance were Dr. TRB Rajaa, the Minister for Industries, Mr. Arun Roy IAS, Secretary of Industries, Investment Promotion & Commerce Department, and senior officials from Tata Motors Group.
