A New Charge for Tamil Nadu: Hinduja's ₹7,500 Cr EV Bet

UK-based Hinduja Group has signed a Memorandum of Understanding (MoU) with the Tamil Nadu government to invest ₹7,500 crore in electric mobility-related ventures, including EV cell and battery manufacturing, battery energy storage systems (BESS), and EV charging infrastructure.

The investment—channeled through group flagship Ashok Leyland and other subsidiaries—is expected to create over 1,000 jobs and significantly boost Tamil Nadu’s electric vehicle (EV) ecosystem. This MoU represents the largest investment commitment secured during the UK leg of Chief Minister M.K. Stalin’s TN Rising Europe investment roadshow.

The announcement comes shortly after Ashok Leyland’s ₹5,000 crore partnership with China’s CALB Group to develop next-generation EV batteries.

In a parallel development, AstraZeneca has announced a ₹716 crore expansion of its Global Innovation and Technology Centre in Chennai, reinforcing its role as a hub for AI-driven healthcare research and innovation.

Together, these agreements have brought in investment commitments worth approximately ₹15,516 crore within a week, generating nearly 17,613 employment opportunities. Earlier MoUs signed during the Europe tour added ₹7,020 crore in proposed investments across sectors including electric mobility, aerospace, deep tech, and healthcare innovation.

News by Rahul Yelligetti.