Generic selectors
Exact matches only
Search in title
Search in content
Post Type Selectors
post

Tata Motors Initiates EV Plant In Tamil Nadu

- Advertisement -

Tata Motors partners with Tamil Nadu, invests Rs 9,000 crore to facilitate the manufacture and export of EVs based on JLR’s EMA model to international markets.

Tata Motors Group is set to partner with the Tamil Nadu government by signing a Memorandum of Understanding (MoU) to establish a cutting-edge EV manufacturing facility within the state’s border. Tata Motors also plans to invest around Rs 9,000 crore to boost its Ev production. To make Tamil Nadu a hub for the production and export of electric vehicles (EVs) based on Jaguar Land Rover’s (JLR) Electrified Modular Architecture (EMA) platform to international markets. In addition to this, the investment could potentially create up to 5,000 new job opportunities in the region.

Industries Minister, TRB Rajaa revealed that the agreement with Tata Motors is not only a key step towards enhancing industrial development. This was the first time that the government has attracted two mega investments for automobile manufacturing with a span of two months. He adds that the state government have garnered investment of Rs 8.65 trillion.

- Advertisement -

According to sources, Tata Motors also plans to expand its production of EVs at Dharwad (Karnataka), Jamshedpur (Jharkhand), Pune (Maharashtra), Lucknow(Uttar Pradesh), Pantnagar (Uttarakhand), Sanand (Gujarat). Sources also suggest that the facility will likely serve as a hub for exporting EVs based on Jaguar Land Rover’s (JLR) Electrified Modular Architecture (EMA) platform to international markets.

The development comes as Tata Motors aims to leverage its globally competitive EV technology and capitalise on the increasing global demand for electric vehicles.

Through its passenger EV arm, TPEM, has already launched models based on its indigenous EV architectures and plans to introduce the premium Avinya series based on JLR’s EMA platform through a technology-sharing agreement.

The new Tamil Nadu plant is expected to produce both JLR models and Tata’s own EVs built on the EMA platform, serving both domestic and international markets.

The Corporate Social Responsibilities (CSR) concept activities first showcased in 2014 in India, is an uncompromising vision of electric mobility that is engineered to ensure a sustainable and low-carbon future besides establishing a strong presence in the electric mobility space.

The project is subject to various factors, including approval from Tata Motors’ board of directors and the execution of binding agreements between the parties involved.

Tata Motors emerges as a dominant force, commanding a substantial 72 per cent market share. The company sold 34,000 EVs in the first half of 2023. Ir further aims to launch four more models in 2024, while also aiming to transit 50 per cent of its workforce to EV manufacturing by 2027.

- Advertisement -

Most Popular Articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here
Captcha verification failed!
CAPTCHA user score failed. Please contact us!

Exclusive

Global Consumer Electronics Market To Hit $1.07T in 2025

0
The Stocklytics report predicts that despite a considerable drop in the worldwide consumer electronics market this year, it will see a modest recovery with...

North American EMS Industry Grows By 5%

0
IPC reported its May 2024 findings on the industry growth compared to last month and last year. On Friday, the global association for electronics manufacturing...

Q1 2024: Memory Demand, China Shipments Lift Wafer Makers

0
The Counterpoint report concluded that despite the overall revenue decline, few factors benefited wafer fab equipment manufacturers in the first quarter of the year,...

Buzz

Hisense Appoints Pankaj Rana As Group CEO To Lead India Operations

0
With over two decades of experience in the consumer electronics segment, as the new Group CEO, Rana will be leading the expansion strategy of...

ByteDance Partners With Broadcom To Develop Advanced Chips

0
ByteDance, the Chinese parent company of TikTok, is collaborating with U.S.-based chip designer Broadcom to develop an advanced AI processor, according to sources familiar...

BIS Introduce New Standards To Enhance EV Safety

0
BIS introduces new standards, IS 18590: 2024 and IS 18606: 2024, to enhance EV safety and performance. These standards focus on powertrain and battery...

Important Sectors

ByteDance Partners With Broadcom To Develop Advanced Chips

0
ByteDance, the Chinese parent company of TikTok, is collaborating with U.S.-based chip designer Broadcom to develop an advanced AI processor, according to sources familiar...

BIS Introduce New Standards To Enhance EV Safety

0
BIS introduces new standards, IS 18590: 2024 and IS 18606: 2024, to enhance EV safety and performance. These standards focus on powertrain and battery...

Government Scheme Greenlights Rs 13,595 Crore RE Projects

0
The new ISTS schemes will facilitate renewable energy transmission from two Indian states. On Saturday, the central government announced that it has approved new Inter...

BII To Invest $300 Million In Indian EVs

0
BII plans to invest an additional $300 million in India's electric vehicle (EV) industry over the next three years, focusing on manufacturing, components, and...

IREDA Raises About $20M By Bond Issuance

0
The government-owned non-banking financial company recently announced their successful generation of a multi-million dollar fund to support India’s RE growth.  The Indian Renewable Energy Development...

Manufacturing

HZL, AEsir Technologies Partner For Developing Zinc Batteries

0
This collaboration delivers higher power at lower costs, with minimal maintenance and longer lifespans of up to 20 years, contributing to greener solutions with...

North American EMS Industry Grows By 5%

0
IPC reported its May 2024 findings on the industry growth compared to last month and last year. On Friday, the global association for electronics manufacturing...

Deadstock Or Forgotten Treasure?

0
In a world where technology is advancing at a breakneck speed, are the deadstock electronics components in your warehouse on the verge of becoming...

Honeywell Creates AI Software For Gigafactory Efficiency

0
Honeywell anticipates that its new battery manufacturing excellence platform will lower the costs of cell production, speed up the ramp-up cycles, and decrease material...

Raju B Ketkale Named CEO Of Lumax Industries

0
He takes over from Vishnu Johri, who is stepping down for personal reasons. Lumax Industries Limited, a Tier-1 automotive lighting system and component manufacturer within...