MoU signed with Guidance to facilitate investment
Tata Motors Group is working on Rs.9,000 crore investment over five-years to set up a vehicle manufacturing facility in Tamil Nadu under a MoU signed with the Chennai government on 13 Mar 2024.
Following the MoU signing of this MoU, teams from Guidance, Tamil Nadu’s nodal agency for investment promotion and facilitation, and Tata Motors Group will work together on the plan.
The MoU was exchanged in the presence of the Chief Minister of Tamil Nadu, Thiru. M.K. Stalin and signed between V Vishnu, IAS, Managing Director & CEO, Guidance, and PB Balaji, Group CFO, Tata Motors (see picture).
The Minister for Industries Dr. T R B Rajaa, the Secretary of Industries, Investment Promotion & Commerce Department Arun Roy IAS, and senior officials of TATA Motors Group attended the MoU signing ceremony.
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. Fiinews.com
