Tag - Tata Plant

Tata Motors has laid the foundation for a new state-of-the-art production facility in Panapakkam, Ranipet district, Tamil Nadu. The groundbreaking ceremony, held on September 28, 2024, was attended by several dignitaries, including Tamil Nadu Chief Minister Thiru M.K. Stalin and Tata Sons Chairman N. Chandrasekaran. A Major Investment Tata Motors is investing a substantial INR 9,000 crore in this greenfield facility, which is designed to produce next-generation vehicles, including electric and luxury cars. This investment is part of Tata Motors’ broader strategy to enhance its production capacity and cater to both domestic and international markets. The plant is expected to have an annual production capacity of 250,000 vehicles. Employment and Skill Development The new facility is poised to create over 5,000 direct and indirect jobs, significantly boosting local employment. Tata Motors has also committed to extensive skill-building initiatives for the local community, ensuring that the workforce is equipped with future-ready skills. Sustainability at the Core In line with Tata Motors’ commitment to sustainability, the new plant will operate entirely on renewable energy. This initiative is part of the company’s broader goal to reduce its carbon footprint and promote environmentally friendly manufacturing practices. Strategic Importance The establishment of this facility in Tamil Nadu is strategically significant for Tata Motors. Tamil Nadu is a leading industrial state with a robust automotive ecosystem and a skilled workforce. The state’s progressive policies and established infrastructure make it an ideal location for this new venture. Statements from Leaders Speaking at the ceremony, Chief Minister Thiru M.K. Stalin highlighted the historic relationship between Tata Group and Tamil Nadu. He expressed confidence that the new facility would further strengthen this bond and contribute to the state’s economic growth. N. Chandrasekaran, Chairman of Tata Sons, emphasized the importance of this new facility in Tata Motors’ growth strategy. He stated, "We are pleased to make Panapakkam the home of our next generation of cars and SUVs, including electric and luxury vehicles. Tamil Nadu’s progressive policies and talented workforce make it the perfect location for our new plant". Also Read: Tata Nexon.EV prices start at INR 13.99 Lakh, gets new variants