{"id":8634,"date":"2009-11-14T12:35:31","date_gmt":"2009-11-14T07:05:31","guid":{"rendered":"http:\/\/www.vicky.in\/blog\/?p=8634"},"modified":"2018-02-28T13:59:36","modified_gmt":"2018-02-28T08:29:36","slug":"mms-project-gets-nod-from-the-tn-government","status":"publish","type":"post","link":"https:\/\/www.vicky.in\/blog\/mms-project-gets-nod-from-the-tn-government\/","title":{"rendered":"M&M"},"content":{"rendered":"

The proposed automobile plant initiated by M&M near Cheyyar, backed by the Tamilnadu government<\/a> has got the green signal, as the cabinet has approved in toto. The Rs1800-crore project will be provided with 200 acres of land (out of 450 acres) with the capacity of 1.5lakh units. The initial production will be SUVs<\/a>, tractors and commercial vehicles in addition to spare parts. If situation is feasible the unit may also roll down cars too and to have an integrated operation there will be a dedicated test track.M&M will also utilise its 100 acre facility near Maraimalainagar for its R&D purpose, which too under the cover of the Tamilnadu government and the official nod for this is expected in another two months. <\/p>\n

The MoU and the projects will provide employment for about 2500 persons. Anticipating an additional investment of about Rs5000 crore, the project seems to be a coveted initiative, which should have gone to Maharastra, where M&M has its strongholds. But ,in reality, it is the Tamilnadu government which is the beneficiary out of this projects.<\/p>\n

The State has got a sigh of success and relief from the labor unrest for the past two months. Under the MoU, M&M would be able to deliver some 13.5 lakh units a year and amidst the global downfall, the State government\u2019s steps would take M&M to an unenviable position in the auto sector. For M&M too this deal is a relief in the wake of its sore tie-up with Renault for the failure model Logan and the JV among Renault-Nissan<\/a>-Bajaj.<\/p>\n

As the project starts running, M&M would be the second largest tractor maker after Tafe and Deutsche-Same to feed the state\u2019s exchequer. M&M would refine its entry into the Detroit of India, as it had to pull out from its tie-up with Ford Motors, by which a green field project was in the offing.<\/p>\n","protected":false},"excerpt":{"rendered":"

The proposed automobile plant initiated by M&M near Cheyyar, backed by the Tamilnadu government has got the green signal, as the cabinet has approved in toto. The Rs1800-crore project will be provided with 200 acres of land (out of 450 acres) with the capacity of 1.5lakh units. The initial production will be SUVs, tractors and … <\/p>\n

Continue reading “M&M”<\/span><\/a><\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[19],"tags":[2549,96,2508,2551,1437,172,53,2509,2548,219,1463,145,326,2550,2547,2546,2294],"_links":{"self":[{"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/posts\/8634"}],"collection":[{"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/comments?post=8634"}],"version-history":[{"count":6,"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/posts\/8634\/revisions"}],"predecessor-version":[{"id":25264,"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/posts\/8634\/revisions\/25264"}],"wp:attachment":[{"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/media?parent=8634"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/categories?post=8634"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vicky.in\/blog\/wp-json\/wp\/v2\/tags?post=8634"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}