Moneycontrol PRO
HomeNewsIndiaTamil Nadu CM Stalin to lay foundation stone of Rs 9,000-crore Tata-JLR plant on September 28

Tamil Nadu CM Stalin to lay foundation stone of Rs 9,000-crore Tata-JLR plant on September 28

This will be the automobile major’s second plant in South India. The country's leading EV manufacturer already has a facility in Karnataka's Dharwad

September 16, 2024 / 17:56 IST
Tata Motors signed an MoU with the Tamil Nadu government on March 13 to set up a manufacturing plant at an investment of Rs 9,000 crore and create 5,000 jobs (direct and indirect).
     
     
    26 Aug, 2025 12:21
    Volume
    Todays L/H
    More

    Tamil Nadu chief minister MK Stalin on September 28 will lay the foundation stone for the JLR and Tata Motors manufacturing facility in Ranipet, almost six months after the two sides signed the agreement for the facility.

    In March, Tata Motors announced that it signed a contract with the Tamil Nadu government for a Rs 9,000-crore manufacturing plant, which is expected to create 5,000 jobs.

    Tata Motors is the second automobile company in recent months to partner with Tamil Nadu.

    Also read: Tata Motors to build Rs 9,000-cr plant in Tamil Nadu; to generate 5,000 jobs

    In February, Stalin laid the stone of the electric vehicle and battery manufacturing facility of VinFast Auto Ltd, a Vietnamese electric vehicle company, which earmarked Rs 16,000 crore for investment in the state.

    Also read: Tata Motors to build Rs 9,000-cr plant in Tamil Nadu; to generate 5,000 jobs

    On March 4, Tata Motors approved the demerger of its business into two separate units: commercial vehicles (CV) business and passenger vehicles (PV) business. PVs include electric vehicles (EVs) and Jaguar Land Rover (JLR).

    Also, read: Tata Motors to use new $1 billion plant to make Jaguar Land Rover cars: Report

    This will be the automobile majors' second plant in South India. The country's leading electric vehicle manufacturer already has a facility in neighbouring Karnataka’s Dharwad.

    On September 13, American Ford Motor said it planned to restart a manufacturing plant in Tamil Nadu for exports. The announcement to reopen the facility in Maraimalai Nagar came during Stalin’s visit to the United States and three years after the company exited India.

    The Tata Motors stock ended the day at Rs 988.45 on the National Stock Exchange, down 0.37 percent from the previous close.

    Moneycontrol News
    first published: Sep 16, 2024 03:28 pm

    Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

    Subscribe to Tech Newsletters

    • On Saturdays

      Find the best of Al News in one place, specially curated for you every weekend.

    • Daily-Weekdays

      Stay on top of the latest tech trends and biggest startup news.

    Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347