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Tamil Nadu eyes major investments in state's auto, auto components industry

Tamil Nadu claims that Chennai is the largest contributor to the automobile sector in the country in terms of industrial output

Auto Industry
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With the second Global Investors' Meet (GIM) scheduled to be held in Chennai on January 23 and 24, the government of Tamil Nadu is expecting its strengths in the auto and auto component industry to attract major investments in the sector. The state claims that Chennai is the largest contributor to the automobile sector in the country in terms of industrial output and is one among the top 10 global auto hubs with an annual installed capacity of 1.46 million units for passenger cars Chennai has an installed capacity of producing one car every 20 seconds (three cars per minute) and one ...