Maruti Suzuki’s competitor conducts a groundbreaking ceremony of its new vehicle manufacturing facility in Tamil Nadu
The company's innovative designs and emphasis on safety have resonated with Indian consumers, challenging Maruti Suzuki's long-standing market leadership.
Maruti Suzuki’s competitor company Tata Motors has emerged as a formidable rival focusing on producing affordable yet feature-rich vehicles. The company's innovative designs and emphasis on safety have resonated with Indian consumers, challenging Maruti Suzuki's long-standing market leadership.
In a significant step towards promoting indigenous (Make in India, For the World) manufacturing, Tata Motors Group, India’s leading producer of commercial and passenger vehicles, today held the groundbreaking ceremony of its new, world-class production facility to manufacture cars and SUVs, at Panapakkam in Ranipet district, Tamil Nadu. This manufacturing facility will produce next-gen vehicles for Tata Motors and JLR. The internationally benchmarked plant will cater to the requirements of both Indian and international markets.
This advanced, state-of-the-art manufacturing facility has the potential to create over 5,000 employment opportunities (direct and indirect) and contribute towards building future-ready skills amongst the local communities in and around the plant. In addition, the plant will be guided by principles of sustainability and use 100 per cent renewable energy for running operations.
The groundbreaking ceremony was attended by the Chief Minister of Tamil Nadu, Thiru M.K. Stalin and Mr N. Chandrasekaran, Chairman of Tata Sons & Tata Motors, in the presence of several eminent Ministers, public representatives, senior bureaucrats, government officials and senior representatives of the Tata Group.
Tata Motors Group intends to invest Rs 9,000 crore in this greenfield manufacturing facility, which has been designed for an annual production capacity of over 2,50,000 vehicles. Production will begin in a phased manner and progressively increase to reach this capacity over the next 5-7 years.
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 with many of its manufacturing plants successfully operating 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 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.”
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About Tata Motors Ltd
Part of the USD 165 billion Tata group, Tata Motors Limited (BSE: 500570 and 570001; NSE: TATAMOTORS and TATAMTRDVR), a USD 44 billion organisation, is a leading global automobile manufacturer of cars, utility vehicles, pick-ups, trucks, and buses, offering an extensive range of integrated, smart and e-mobility solutions. With ‘Connecting Aspirations’ at the core of its brand promise, Tata Motors is India’s market leader in commercial vehicles and ranks among the top three in the passenger vehicles market.
Tata Motors strives to bring new products that captivate the imagination of GenNext customers, fuelled by state-of-the-art design and R&D centres located in India, the UK, the US, Italy and South Korea. By focusing on engineering and tech-enabled automotive solutions catering to the future of mobility, the company’s innovation efforts are focused on developing pioneering technologies that are both sustainable and suited to the evolving market and customer aspirations. The company is pioneering India's Electric Vehicle (EV) transition and driving the shift towards sustainable mobility solutions by developing a tailored product strategy, leveraging the synergy between Group companies and actively liaising with the Government of India in developing the policy framework.
With operations in India, the UK, South Korea, Thailand and Indonesia, Tata Motors markets its vehicles in Africa, the Middle East, Latin America, Southeast Asia and the SAARC countries. As of March 31, 2024, Tata Motors’ operations include 90 consolidated subsidiaries, two joint operations, five joint ventures and numerous equity-accounted associates, including their subsidiaries, over which the company exercises significant influence.
Disclaimer: The article is for informational purposes only and not investment advice.