From Tata Motors-JLR to Ford, Tamil Nadu's EV ecosystem expands in 2024

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From Tata Motors-JLR to Ford, Tamil Nadu's EV ecosystem expands in 2024 - Business Standard

Quick Summary:

In the two-wheeler sector, three out of the top five EV manufacturers—Ola Electric, TVS Motor, and Ather Energy—are already based in the state.

Tamil Nadu Chief Minister MK Stalin will lay the foundation stone of Tata Motors-JLR's plant at Panapakkam in Ranipet district on September 28.

In 2024, EV investment commitments have already come from Tata Motors-JLR (Rs 9,000 crore), VinFast (up to $2 billion), and Royal Enfield (Rs 3,000 crore), in addition to Hyundai and Stellantis (Rs 2,000 crore) expansion plans.