Tamil Nadu committed to $6 billion in investment for electric vehicles sector: TN minister T.R.B. Rajaa

He added that the state government had launched the revised “Tamil Nadu Electric Vehicles Policy 2023”, which incentivizes and attracts investors to strengthen the State’s flourishing EV ecosystem. Six cities, including Chennai, Coimbatore, Tiruchirappalli, Madurai, Salem, and Tirunelveli, he said, have been earmarked for development as EV hubs to hasten Tamil Nadu’s rise as a global EV manufacturing hub.

He was speaking at a closed-door discussion in Chennai on Friday, which was attended by Senior leaders and CEOs from more than 20 major global Electric vehicles (EV) and EV component manufacturers including the likes of TVS Motors, Hyundai, Renault, Ola Electric, ZF, Daimler , TI Clean Mobility and Ashok Leyland. The discussion was chaired by Rajaa.

The event which was hosted by the TN government in partnership with the World Economic Forum (WEF) was titled “Tamil Nadu: Making of the Next Global EV Manufacturing Hub”. The roundtable discussion centred on the role Tamil Nadu aims to play in the global electric vehicle manufacturing landscape.

“(The) CEO ministerial dialogue has certainly presented an open communication platform for all stakeholders to exchange their views. Hyundai is one of the largest manufacturers and will be a committed partner to realise Tamil Nadu’s vision to become a preferred EV hub in the country,” Gopalakrishnan CS, Chief Manufacturing Officer, Hyundai Motor India Ltd., said in a statement.

As per a statement, the key points of discussion included strategies to position Tamil Nadu as a global leader in EV manufacturing, adapting Tamil Nadu’s robust automobile and auto components manufacturing ecosystem to embrace EV manufacturers, paving the way for net-zero manufacturing in the EV sector, expanding opportunities for MSMEs and entrepreneurs within the EV sector as well as highlighting Tamil Nadu’s contributions toward national objectives in the EV arena.

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Participants included senior officials from the Government of Tamil Nadu and the World Economic Forum which included the Additional Chief Secretary, Department of Industries, Investment Promotion, and Commerce, Government of Tamil Nadu S. Krishnan, Guidance MD & CEO Vishnu Venugopalan, Executive Director, FaMe TN Grace Lalrindiki Pachuau, Lead – Moving Emerging Market, World Economic Forum Jasmeet Khurana and Lead, Moving India, World Economic Forum, Pramoda Gode.