Stellantis to invest Rs 2,000 crore for Citroen brand in Tamil Nadu
时间:2024-06-26 13:40:19 阅读(143)
European auto major Stellantis has announced that it will invest an additional Rs 2,000 crore under its Citroen brand in Tiruvallur district, Tamil Nadu.
This additional investment will be made over a period of the next 6 years and will take the total investment in the state to Rs 3,250 crore.
The non-binding MoU was formally exchanged during the Global Investors Meet in Chennai, in the presence of Chief Minister of Tamil Nadu, M K Stalin.
Aditya Jairaj, CEO & MD of Stellantis India said, “This substantial investment under the Citroen brand underscores our commitment to India’s automotive market. Tamil Nadu has consistently demonstrated its suitability for business, offering a conducive environment for growth. With firm state support, we aim to strengthen production capabilities and spearhead technological advancements, reinforcing our position as a driving force for sustainable growth and innovation.”
猜你喜欢
- Stock Market closed today- BSE, NSE shut on 1 May for Maharashtra Day, check all market holidays in 2023
- Zepto raises another $31
- Stocks shrug off rates risk as US consumers spend
- Will Nifty show trend reversal to trade above 19000 or slip in trade- See GIFT Nifty, FII data, F&O ban, crude, more before market opens
- Stocks to watch- Adani Enterprises, SBI, Exide, Hero MotoCorp, Texamco Rail, BHEL
- Stocks to watch- Hindustan Petroleum Corporation, Power Grid Corporation, SJVN
- Stocks To Watch- Jio Financial Services, VI, Mphasis, Adani Energy, Piramal Enterprises, RITES
- Properties registration in Mumbai up 11% at 8,628 units in Sep- Report
- Stocks to buy- Bharat Electronics, Faze Three shares may rally as much as 19%, check target prices