$3-billion investment
Chennai is emerging as the country's largest automotive and auto components manufacturing hub in terms of investment.
According to a state government official, over $3 billion (around Rs 13,800 crore) will be invested in Chennai by global car manufacturers by end of 2010-11.
The proposed investment is significantly higher than other auto hubs like Gurgaon in Haryana.
Tamil Nadu Industry Secretary Rajeev Ranjan said the total installed capacity in and around Chennai would be 1.28 million cars a year by the end of the financial year.
But, that figure is expected to go up significantly thanks to projects by Ford, Hyundai, BMW, Renault- Nissan and Mitsubishi-HM coming up in the area.
Text: TE Narasimhan, Sharmistha Mukherjee, Business Standard
Images: AFP/PTI/Reuters
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