TN Govt Claim Chennai Is Emerging As Global Export Hub For Cars

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With the presence of major carmakers like Ford, Hyundai, BMW, Renault-Nissan and Daimler present in the capital city of Chennai, the Tamil Nadu government claim with confidence that the city will soon become a global export hub for small cars.

P Thangamani, the Tamil Nadu Industries Minister said, "With shipping of products by automaker Renault-Nissan and Korean automaker Hyundai, Chennai has become the global export hub for small cars."

"Chennai will have an installed capacity to produce 13.8 lakh cars and 3.61 lakh commercial vehicles each year. That is about three cars in every minute, one commercial vehicle in every 90 seconds."

South Korean car manufacturer Hyundai, which has two plants is currently the largest car exporter in India, while Nissan began exports five years ago and has crossed the 5 lakh mark.

The minister credits the AIADMK regimes, which during its earlier tenures in 1992 and 2003 had introduced industrial policies, which boosted and brought automobile companies to Tamil Nadu.

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Read more on: #auto news #government
Story first published: Wednesday, July 8, 2015, 11:34 [IST]
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