Stalin lays foundation stone for Tata Motors' Rs 9,000 crore plant in Tamil Nadu

Chief Minister M K Stalin laid the foundation stone for Tata Motors' new manufacturing facility in Panapakkam on Saturday. The plant, which represents an investment of Rs 9,000 crore, will manufacture next-generation vehicles for Tata Motors and Jaguar Land Rover (JLR), the British subsidiary of Tata.

The facility will come on stream in phased steps and is expected to be ramped up into an annual capacity of 250,000 units over five to seven years with an addition of nearly 5,000 jobs in the region. The proposed plant will service the local and international markets, and it will derive renewable energy to power the plant.

Speaking at the ceremony in the presence of senior DMK ministers and Tata Sons Ltd Chairman N Chandrasekaran, Stalin said he was proud of Tamil Nadu's reputation as an investment destination, both for Indian and multinational corporations alike. He mentioned that Chandrasekaran hails from the state.

We are delighted to make Panapakkam the home for our next generation of cars and SUVs, including electric and luxury vehicles," Chandrasekaran said. "For all the progressive policies of the state, it is also an established automotive hub that boasts of a skilled workforce."

Stalin praised the decades-old relationship between Tata Group and Tamil Nadu as he highlighted the existence of Tata Consultancy Services, Taj Hotels, and other Tata ventures in the state. He pointed out that the state produces close to 40 per cent of the country's electric vehicles, making it the undisputed leader in the automotive sector.

Tamil Nadu's new Chief Minister, Stalin, has been promising an investment of over Rs 10 lakh crore since he took office in May 2021. In this regard, the Stalin government on Wednesday again upheld its commitment towards the execution of investment plans that would benefit the economy of the state and its youth.