Foto

Tata Motors signs MoU with TN to invest INR 9000 cr on new project

Table of Content

New Delhi: Tata Motors, India's leading passenger and commercial vehicle manufacturer, has signed a facilitation Memorandum of Understanding (MoU) with the Tamil Nadu government to explore the possibility of setting up a vehicle manufacturing plant in the state.

The MoU envisages an investment of Rs 9,000 crore over five years and can potentially create up to 5,000 jobs (direct and indirect). Following the signing of this MoU, the teams from Guidance, Tamil Nadu's nodal agency for investment promotion and facilitation and Tata Motors Group will work together to leverage this opportunity.

The MoU was exchanged in the presence of State Chief Minister M.K. Stalin and signed between V Vishnu, Managing Director & CEO, Guidance Tamil Nadu, and PB Balaji, Group CFO, Tata Motors. The meeting was also attended by Industry Minister TRB Raja, Minister of Industry, Investment Promotion and Commerce Arun Roy and senior officials of Tata Motors Group were also present.

Also Read: Hyundai Creta N Line vs Kia Seltos X-Line

Author: Neha Mehlawat

Neha Mehlawat is an automotive journalist and industry analyst with 10+ years of experience covering cars, bikes, and mobility trends. She tracks the latest launches, technology upgrades, and policy changes in the auto sector, delivering sharp insights that help readers stay ahead in the fast-evolving world of automobiles.

previous POST
foto
Hyundai Creta N Line vs Kia Seltos X-Line
NEXT POST
foto
Ultraviolette launches new Supernova DC fast charg...

Related Posts

foto
Next-Gen Audi Q3 India Launch Confirmed for 2026
foto
Tesla Model Y Deliveries Officially Begin in India
foto
Ceramic vs Semi Metallic Brake Pads Which One Shou...
foto
Skoda Kylaq Hits 30,000 Sales Milestone in Just 8 ...