On September 28, 2024, Tata Motors Group, a leading manufacturer of commercial and passenger vehicles in India, took a major step to boost local manufacturing with the groundbreaking of a new production facility in Panapakkam, Ranipet district, Tamil Nadu. This modern facility will produce the next generation of cars and SUVs for Tata Motors and Jaguar Land Rover (JLR), serving both Indian and global markets.
The event was attended by Tamil Nadu Chief Minister Thiru M.K. Stalin and Tata Sons and Tata Motors Chairman Mr N. Chandrasekaran, along with various ministers, officials, and senior Tata Group representatives.
Speaking on the occasion, Thiru M.K. Stalin, Hon’ble Chief Minister of Tamil Nadu, said, “Tata Group is renowned for its contribution to nation building. It has a deep, historic relationship with Tamil Nadu, and many of its manufacturing plants have successfully operated in our state for the past several years. We welcome Tata Motors, an auto manufacturer of global scale, for setting up its newest manufacturing facility in Panapakkam, Ranipet.”
Speaking on the occasion, N Chandrasekaran, Chairman of Tata Sons, said, “We are pleased to make Panapakkam as the home of our next generation of cars and SUVs, including electric and luxury vehicles. Tamil Nadu is a leading industrial state with progressive policies and an established automotive hub with a qualified and talented workforce. Several Tata Group companies have been successfully operating from here. We now intend to build our advanced vehicle manufacturing plant here using cutting-edge manufacturing technology and world-class sustainability practices. Our endeavour will be to have a high share of women employees across levels, in line with our focus towards greater empowerment of women.”
This cutting-edge manufacturing facility has the potential to generate more than 5,000 jobs, both directly and indirectly. It will also help develop skills that are future-ready in the nearby communities. Moreover, the plant will operate entirely on renewable energy, following sustainable practices.
Tata Motors Limited is a massive part of the Tata group, valued at 44 billion dollars. It’s well-known around the world for making a variety of vehicles, including cars, utility vehicles, pickup trucks, and buses. They focus on offering smart and electric mobility solutions.
Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.
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