Auto, EV component makers to invest Rs4,000cr more in TN
CHENNAI: The TN Rising Hosur investor summit on Thursday will be a platform for the state govt to sign Rs4,000 crore investments by automotive and EV component companies. Sources said 14 MoUs have been lined up for investments that will generate 7,500 jobs in the state.
Among the big investments will be a greenfield facility by auto and EV component major Uno Minda Group. This will entail an investment of Rs1,500 crore. The plant in Krishnagiri district will manufacture auto and EV components. The project is likely to generate around 4,000 jobs.
