The groundbreaking ceremony for Tata Motor's new plant in Tamil Nadu has taken place in the presence of Chief Minister M.K. Stalin and N. Chandrasekaran, Chairman of Tata Sons and Tata Motors, among several other eminent Ministers, public representatives, senior bureaucrats, government officials, and senior representatives of the Tata Group.
- New plant to make next-gen JLR and Tata models
- To use 100 percent renewable energy for running operations
Tata Motors says the new greenfield factory, for which the company will invest about Rs 9,000 crore, will be able to produce over 2.5 lakh vehicles per year at full capacity. The brand says that production at the plant will begin in a phased manner and progressively increase to reach this capacity over the next 5-7 years.
As we've reported earlier, this plant will focus on producing EVs based on the Electrified Modular Architecture (EMA) platform for both Jaguar Land Rover and Tata Motors. Industry insiders say two-thirds of the production capacity will be allocated to Jaguar Land Rover and one-third to Tata Motors. Imports will account for a significant portion of the plant's production.
Tata Motors claims that the new facility in Panapakkam, Ranipet has the potential to create over 5,000 employment direct and indirect opportunities. Further, it sates that it will use 100 percent renewable energy for the running of operations.
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