Foundation Stone Ceremony Set for September 28
Tamil Nadu Chief Minister M.K. Stalin will lay the foundation stone for Tata Motors’ Rs 9,000 crore electric vehicle (EV) manufacturing plant in Ranipet on September 28. The plant, a joint initiative between Tata Motors and Jaguar Land Rover (JLR), is part of a larger investment deal signed with the Tamil Nadu government in March. The new facility will be a significant addition to Tamil Nadu’s industrial landscape, further strengthening its position as a manufacturing hub.
Focus on Electric Vehicles and Global Markets
The new facility, which will operate on the Electrified Modular Architecture (EMA) platform, is expected to have an initial capacity of 200,000 units in its first phase. According to industry insiders, the production output will be split, with about two-thirds dedicated to Jaguar Land Rover vehicles and one-third for Tata Motors. A substantial portion of the JLR output will target international markets, particularly benefiting from the anticipated India-UK Free Trade Agreement (FTA).
Tata Group’s Commitment to Electric Transition
The plant is part of Tata Group’s broader investment plan of Rs 1.5 lakh crore in Jaguar Land Rover over the next decade. This investment supports JLR’s transition to an all-electric brand and aims to electrify the majority of Land Rover’s portfolio by 2026. Experts suggest that the facility may produce up to four models each for Tata Motors and JLR, with a total volume of 300,000 units, a significant portion of which is intended for export.
Boost to Employment and Local Economy
This ambitious project is expected to generate between 25,000 to 30,000 jobs, providing a substantial boost to the local economy. Infrastructure work is already in progress to ensure the timely completion of the plant, which will play a crucial role in India’s growing electric vehicle sector.
