Hinduja Group Signs MoU to Invest ₹7,500 Crore in Tamil Nadu

Hinduja Group, the UK-based firm, has signed an MoU with the Tamil Nadu government to invest ₹7,500 crore, as per news reports. The funds will go into electric vehicle (EV) battery manufacturing, battery energy storage systems (BESS), and charging stations. 

The project is expected to create over 1,000 jobs in the state.

Role of Ashok Leyland

The investment will be made through Ashok Leyland, the group’s Indian flagship, along with other Hinduja entities. The MoU was announced during the UK leg of Chief Minister M K Stalin’s Europe investment tour. Soon after the signing, Stalin described the development as “electrifying news” in a post on X.

Link to Earlier Agreements

This announcement follows Ashok Leyland’s agreement with China’s CALB Group to develop next-generation batteries. Under that pact, Ashok Leyland plans to invest more than ₹5,000 crore over 7 to 10 years for the production of batteries and energy storage systems.

Other Investment Commitments

The Hinduja Group deal is the largest single commitment during the UK segment of Tamil Nadu’s TN Rising Europe initiative. Overall, the state secured investment promises worth ₹15,516 crore during this phase, with the potential to generate 17,613 jobs. 

Earlier, the German leg of the tour brought ₹7,020 crore across 26 MoUs, covering aerospace, automotive, railways, electronics, and deep tech, with 15,320 jobs expected.

Read more: Hinduja Group aims to invest $4 billion to expand its green energy capacity threefold by 2030!

AstraZeneca Expansion in Chennai

Alongside the Hinduja agreement, AstraZeneca announced a ₹716 crore expansion of its Global Innovation and Technology Centre (GITC) in Chennai. This is the company’s third major investment in Tamil Nadu within 2 years.

During his visit, CM Stalin also toured Ambedkar House in London, paid respects at Karl Marx’s tomb, and met Indian-origin students at SOAS University. The delegation additionally signed MoUs across multiple sectors worth ₹820 crore, projected to add 1,293 jobs.

Conclusion

The Hinduja Group’s ₹7,500 crore investment adds to a series of agreements secured during Tamil Nadu’s Europe tour, highlighting the state’s focus on EVs, technology, and large-scale job creation.

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