On September 28, 2024, Tamil Nadu Chief Minister MK Stalin laid the foundation stone for Tata Motors' new manufacturing facility in the SIPCOT complex of Panapakkam, Ranipet district. This facility represents a significant investment of ₹9,000 crore and is set to manufacture Jaguar and Land Rover models, alongside electric vehicles, aligning with Tata's vision for sustainable automotive solutions. N Chandrasekaran, Chairman of Tata Sons, emphasized the importance of Tamil Nadu as a hub for the automotive industry, highlighting the state's supportive policies and skilled workforce. The new plant aims to utilize 100% renewable energy, reinforcing Tata's commitment to sustainability. With the creation of over 5,000 direct and indirect jobs, this facility is anticipated to boost local employment and contribute significantly to the state's economy. This initiative also reflects Tata Motors' ongoing strategy to enhance its presence in South India, following its existing plant in Dharwad, Karnataka.
Tata Motors Invests ₹9,000 Crore in New Electric Vehicle Manufacturing Facility in Tamil Nadu
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On September 28, 2024, Tamil Nadu Chief Minister MK Stalin laid the foundation stone for Tata Motors' new manufacturing facility in the SIPCOT complex of Panapakkam, Ranipet district.
This facility represents a significant investment of ₹9,000 crore and is set to manufacture Jaguar and Land Rover models, alongside electric vehicles, aligning with Tata's vision for sustainable automotive solutions.
