For Rs 9,000 crores, Tata Motors plans to build a new plant in Tamil Nadu, know the details
The country's leading automobile manufacturer Tata Motors has decided to set up another plant. This new plant will be set up by the company in Tamil Nadu for Rs 9 thousand crores. What type of vehicles will be made by the company in this plant and how many new jobs will be created by it. Let us know.
The top automaker in the nation, Tata Motors, is about to open a second new plant. The company plans to establish its first vehicle manufacturing facility in Tamil Nadu at a cost of Rs 9,000 crore. What details about the new plant have been provided by the company? With this news, we are providing you with this information.
In order to boost production, Tata Motors, a company that also makes a lot of buses and trucks in addition to passenger cars, will soon open a new facility. The company plans to establish a new plant in Tamil Nadu. The business and the state government have also reached an agreement on this. State CM MK Stalin, Industry Minister TRB Raja Tata Motors CFO VB Balaji and MD-CEO V Vishnu were also present during the MoU signed between the government and the company.
On signing the agreement with Tata Motors, state CM MK Stalin said the state has further strengthened its position as India's 'unrivalled' automobile hub. "In a historic move, Tata Motors has signed an MoU with the Government of Tamil Nadu to set up a vehicle manufacturing facility, invest Rs nine thousand crore and create over five thousand jobs."
A statement was issued by Tata Motors after the agreement. In which the company said that they have agreed with the Tamil Nadu government. According to this, the company will work moving forward with the state for investment promotion and plants in the state. The company plans to invest Rs 9,000 crore in the next five years. However, the company has not given any information as to what type of vehicles will be manufactured in the new plant in Tamil Nadu.
Tata Motors has recently achieved the milestone of producing 10 lakh cars. The company has recently produced the 10 lakhth car at its Sanand plant in Gujarat.
The company offers passenger vehicles in various segments in the Indian market. These include hatchbacks, micro SUV, compact SUV, premium hatchback, compact sedans, compact SUVs and premium SUVs. Tata Motors offers petrol, diesel, and CNG variants of Tiago, Tigor, Altroz, Punch, Nexon, Harrier, and Safari as well as electric variants of some cars and SUVs. Apart from this, Curve can also be launched officially by the company soon.
