The Carmaker has signed an MoU with the government to set up a new manufacturing plant.
Tata Motors has signed an MoU with the Tamil Nadu government to establish a cutting-edge vehicle manufacturing facility, committing an investment of Rs 9,000 crore over a period of five years. However, the carmaker did not specify what cars will be built at the plant.
The MoU was signed in the presence of chief minister MK Stalin between V Vishnu, IAS, managing director and CEO, Guidance, and PB Balaji, Group CFO, Tata Motors. The investment is said to generate up to 5,000 jobs directly and indirectly.
“Over the past couple of years, Tamil Nadu has hit the fast lane and become the ultimate hub for investments,” said TRB Rajaa, minister of Industries of Tamil Nadu. Also present at the event were Arun Roy IAS, secretary of Industries, Investment Promotion and Commerce Department and senior officials of Tata Motors Group.
The homegrown carmaker recently rolled out its one-millionth car from its Sanand facility in Gujarat, where it produces the Tiago and Tigor, along with their respective AMT, CNG, EV and fleet versions.
Tata Curvv to be the next big launch from the brand
At the Bharat Mobility Global Expo 2024, Tata Motors showcased the close-to-production Tata Curvv coupe SUV. The Curvv will likely be the company’s next big product launch in India, going up against midsize SUVs like the Hyundai Creta, Kia Seltos, Maruti Suzuki Grand Vitara and more. In all likelihood, the Tata Curvv would go on to become the first mass-market coupe SUV in India upon arrival.