Tata Electronics is likely to sign an agreement with Tamil Nadu government during the Tamil Nadu Global Investors Summit for an investment of Rs 12,082 crore.

Reports suggest that Tata Electronics is gearing up to invest Rs 7,000 crore in the expansion of its Hosur plant, spread over a six-year timeline. This move aligns with the Tata's strategic plans for growth and development.

Notably, in November 2023, the Tata Group had finalised a binding share purchase agreement with SMS InfoComm (Singapore) and Wistron Hong Kong Limited.

As per reports, Pegatron, Apple's Taiwan supplier, is also expected to invest Rs 1,000 crore to expand production.

In addition to this, Hyundai Motors has also committed Rs 6,180 crore, a part of the investment will be utilised for electric vehicle (EV) battery and car manufacturing.