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

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

by Nagoor Vali

Tata Motors officers with Tamil Nadu Chief Minister MK Stalin after signing an MoU to arrange a car manufacturing facility at an funding of INR9,000 crore, on March 13 in Chennai; picture credit score: Companies.

Synopsis

Tata Motors’ passenger car operations have thus far been clustered in West India. What takes the automaker to Ranipet close to Chennai? Will this funding carry long-term profit to the corporate?

The month-to-month report launched by the Federation of Car Sellers Associations (FADA) on March 7 had yet one more excellent news for Tata Motors loyalists. It confirmed that in February, Tata Motors was virtually equal to Hyundai Motor India in month-to-month retail passenger car gross sales. Within the earlier three months, Tata Motors had surpassed Hyundai’s retail gross sales to change into quantity 2 after Maruti Suzuki. When it comes to the general retail market in February, Tata

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