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Hyundai, Ceat And PSA Peugeot Plan To Invest Rs 13,000 Cr In Tamil Nadu

Industry Transport equipment

Hyundai is planning to invest around Rs 5,000 crore on its expansion project in Tamil Nadu. Ceat Tyres is planning to invest around Rs 5,000 crore, in three phases at its tyre manufacturing unit in dist.Kanchipuram, Tamil Nadu. Meanwhile, PSA Peugeot has shortlisted Hosur and Chennai for its proposed Rs 3,000 crore investment, which is expected to go up to Rs 4,500 crore. Ford alone would invest around Rs 1,300 crore to set up an R&D product development centre.

Extracted from BS, June 23,’17

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