Tata Motors signs MoU with Govt. of Tamil Nadu for vehicle facility

Tata Motors Group signs an MoU with the Government of Tamil Nadu to set up a vehicle manufacturing facility with approximately INR 9,000 crores investment.

Tata Motors signs MoU with Govt. of Tamil Nadu for vehicle facility

Tata Motors Group, India’s leading manufacturer of commercial and passenger vehicles has signed a facilitation Memorandum of Understanding (MoU) with the Government of Tamil Nadu to explore setting up a vehicle manufacturing facility in the state. The MoU envisages an investment of ~INR 9,000 crores over 5 years and can potentially create up to 5,000 jobs (direct and indirect).

The MoU was exchanged in the presence of the Hon’ble Chief Minister of Tamil Nadu, Thiru. M.K. Stalin and signed between Mr. V Vishnu, IAS, Managing Director & CEO, Guidance, and Mr. PB Balaji, Group CFO, Tata Motors. The Minister for Industries Dr. TRB Rajaa, the Secretary of Industries, Investment Promotion & Commerce Department Mr. Arun Roy IAS, and senior officials of TATA Motors Group were also present.

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Tata Group, a USD 42 billion organization, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart, and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and ranks among the top three in the passenger vehicles market.

The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by developing a tailored product strategy, leveraging the synergy between Group companies, and playing an active role in liaising with the Government of India in developing the policy framework. With operations in India, the UK, South Korea, Thailand, South Africa, and Indonesia, Tata Motors markets its vehicles in Africa, the Middle East, Latin America, Southeast Asia, and the SAARC countries.

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