India's largest business conglomerate, Tata Group, has been focusing heavily on investing in North Indian regions for the past six months. Investment in semiconductor manufacturing and packaging industries, particularly in Gujarat and Assam, became crucial for the country's growth.
In this situation, Tata Sons Company led by N.Chandrasekaran has announced to SEBI that it will demerge Tata Motors and list the work vehicle as a separate company and the commercial vehicle as a separate company in the stock market.
Tata Motors has announced a new and mega investment plan in Tamil Nadu to ramp up its vehicle production at this critical juncture. The Government of Tamil Nadu has signed a Memorandum of Understanding (MoU) with Guidance Tamil Nadu, the investment nodal agency of the Government of Tamil Nadu, to explore the possibility of setting up a new manufacturing facility at Ranipet with an investment of Rs.9000 crore, which will provide direct and indirect employment to 5000 persons. Tata Motors is planning to invest this amount over a period of five years.
The agreement was signed between the Government of Tamil Nadu and Tata Motors yesterday. Tata Motors has announced the opening of a new manufacturing facility in Tamil Nadu. It did not say whether it was a car factory or a heavy industry.
After the news that the factory is going to be set up in Ranipet, when we look at the trade in this area, we see a lot of heavy industries.
These include Mitsubishi Heavy Industries India Precision Tools, TVS-Birkez India, BHEL, ArcelorThom Processing and MRP.
With this, there is a huge potential for Tata Motors to set up a commercial vehicle factory in Ranipet. This will be a great launch for Tata Motors' commercial vehicles, which will be separately listed on the stock market.
At the same time, if Tata Motors sets up a car factory in Ranipet, Ranipet will be developed as a base for manufacturing cars in Chennai.
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