Tata Motors boards Chennai express, reaches Hyundai’s doorstep with an INR9,000 crore plant

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Tata Motors officials with Tamil Nadu Chief Minister MK Stalin after signing an MoU to set up a vehicle manufacturing facility at an investment of INR9,000 crore, on March 13 in Chennai; image credit: Agencies.

Synopsis

Tata Motors’ passenger vehicle operations have so far been clustered in West India. What takes the automaker to Ranipet near Chennai? Will this investment bring long-term benefit to the company?

The monthly report released by the Federation of Automobile Dealers Associations (FADA) on March 7 had yet another good news for Tata Motors loyalists. It showed that in February, Tata Motors was almost equal to Hyundai Motor India in monthly retail passenger vehicle sales. In the previous three months, Tata Motors had surpassed Hyundai’s retail sales to become number 2 after Maruti Suzuki. In terms of the overall retail market in February, Tata

Mar 20, 2024, 04:00:00 AM IST

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