Tamil Nadu, till date, is the only State to attract seven automobile giants-Ford, Hyundai, Mitsubishi, Daimler, Nissan, Renault and BMW. Chennai, the capital of Tamil Nadu has an installed capacity to produce over 3,80,000 cars and about 3,50,000 commercial vehicles each year.
Tamil Nadu will have significant capacity addition by 2017-18 with players like Yamaha, Toyota , Mahindra & Mahindra establishing their plants in the Region.
Tamil Nadu is the largest contributor to the automobile sector in India in terms of Industrial Output and has about 20% of India’s total installed capacity of Vehicle production.The state aims to reach 5 million Units production by 2020.
Tamil Nadu accounts for 21% of India’s automobile exports. It is the Export Hub of Passenger Vehicles accounting for 70% of India’s overall exports.
It has over 80 automobile component manufacturers, accounting for a turnover of over USD 1.3 billion as in 2013-14.
10 Reasons to Choose Tamil Nadu