Tata Motors conducted groundbreaking ceremony for Rs. 9000 Crore project. During the ceremony Tamil Nadu Chief Minister Shri M.K. Stalin laid the foundation stone for Tata Motors-JLR’s Project of Rs 9,000 crore manufacturing plant Over 400 acres in Ranipet district, Tamil Nadu. Moreover, the plant will manufacture electric vehicles (EVs) and their components. It is expected to create around thousands of jobs. The plant is expected to be completed by 2025. It will be Tata Motors’ third manufacturing facility in India.
The Tata Motors Ltd. conducted a groundbreaking ceremony which was attended by the Chief Minister of Tamil Nadu, M.K. Stalin, in the presence of several eminent Ministers along with government officials, and senior representatives of the Tata Group.
The Chairman of Tata Sons & Tata Motors, Mr. N Chandrasekaran, said he is pleased to make Panapakkam (Ranipet district) the home of company’s next generation of cars and SUVs, including electric and luxury vehicles.
This is a major milestone for the EV industry in India. Further, shows that major companies are investing in EVs and that the market is growing rapidly.
Tata Motors-JLR project in Tamil Nadu: (Source)
The Tata Motors-JLR project is a new manufacturing plant in Tamil Nadu, India, by Tata Motors, the parent company of Jaguar Land Rover (JLR). The project aims to manufacture JLR vehicles, particularly electric vehicles (EVs), in India for domestic and export markets.
The Significance of this project is that first time a premium vehicle will be completely manufactured in India. Further, Aligns with JLR’s goal to become an EV-centric brand and expected to create thousands of jobs
The project has generated significant interest as it represents a major investment in India’s automotive sector and a step towards establishing the country as a hub for EV manufacturing. However, some details, such as the specific JLR models to be produced and the plant’s production capacity, are yet to be revealed.
This project marks a significant development as it will be the first time a premium vehicle will be completely manufactured in India. It is also aligned with JLR’s goal to transition into an EV-centric brand. Meanwhile, the Ranipet plant is strategically located near Chennai and Ennore ports, facilitating export operations.