Follow us
Hinduja Group signs MoU with Government of Tamil Nadu, to invest Rs 1200 crore
The group is committed to creating employment opportunities for 500- 1000 people both direct and indirect, based on the work demand.
By Autocar Professional Bureau
8276 Views
The Hinduja Group has signed an MoU (Memorandum of Understanding) with the government of Tamil Nadu at the Tamil Nadu Gobal Investors Meet. It will invest Rs 1,200 crore in the state over the next 3-5 years.
The group is committed to creating employment opportunities for 500- 1000 people both direct and indirect, based on the work demand.
This substantial financial commitment not only underscores the company's vision for sustainable growth but also outlines its comprehensive plans, spanning manufacturing, research and development, and critical business functions.
The Tamil Nadu Gobal Investors Meet has attracted a lot of investment from auto companies. Royal Enfield has also signed an MoU for a proposed investment of Rs 3,000 crore, over eight years, for brownfield and greenfield projects, at the summit.
Royal Enfield's is the fourth major MoU signing from the automotive sector at the Tamil Nadu Global Investors Meet 2024 following the ones from TVS Motor Co, Hyundai Motor and Vietnamese EV manufacturer Vinfast on January 7.
RELATED ARTICLES
Olectra Greentech FY26 Net Profit up 29% to ₹179.5 crore
Arunima Pal
29 May 2026
The company delivered 1,280 electric vehicles during the year, up 32% from 972 units in FY25.
Targeting Minimum 70% Localisation for All New Models, Says JSW MG’s Anurag Mehrotra
Kiran Murali
29 May 2026
The automaker will enforce a 70% domestic component baseline for future models while deploying a 3,000 to 4,000 crore ru...
SAVWIPL Launches Volkswagen Brand in Sri Lanka with Taigun and Virtus
Arunima Pal
29 May 2026
Partnership with Continental Cars marks Volkswagen’s entry into Sri Lanka as SAVWIPL expands its regional export footpri...
