Tata Motors, India's largest automobile company signed a Memorandum of Understanding (MoU) with the government of Tamil Nadu to explore setting-up of a vehicle manufacturing facility in the state.

According to the MoU, the company will invest 9000 crore rupees to establish the plant in Tamil Nadu over the next five year.

The company said that the move can potentially create up to 5,000 jobs direct and indirect in the state.

The MoU was exchanged in the presence of Tamil Nadu Chief Minister M K Stalin and Industries Minister T R B Rajaa.

Announcing the pact on X, formerly Twitter, Tamil Nadu Chief Minister MK Stalin said that the landmark move further solidifies its position as the unrivaled automobile capital of India, reminiscent of the transformative impact of Hyundai's investment during Kalaignar's tenure.