Two auto firms commit Rs 1,370 cr investment in Tamil Nadu, govt dismisses rumours of projects shifting to AP

Chennai: Reaffirming their long-term commitment to Tamil Nadu, two automotive manufacturers on Wednesday committed a total investment of Rs 1,370 crore in the state, officials said on Wednesday, refuting rumours of industrial projects shifting to neighbouring Andhra Pradesh.

Hwashin Automotive India Private Limited and Seoyon E-Hwa Summit Automotive India Private Limited formally submitted their Letters of Intent (LoI) for the new investments to State Industries Minister S Keerthana at the Secretariat here.

An official release termed as "completely false" the recent claims circulating on social media that new industrial investments meant for Tamil Nadu were being diverted to Andhra Pradesh. The government stated that these fresh commitments validate the state's continued appeal to investors.


Detailing the investments, the release said Hwashin Automotive India, which currently operates out of the SIPCOT industrial park in Irungattukottai in Kanchipuram district, will invest approximately Rs 850 crore over the next five years. The funds will be directed towards research and development (R&D), advanced manufacturing technologies, localisation, skill enhancement, and new project development.

Similarly, Seoyon E-Hwa Summit, which functions across Kanchipuram and Chengalpattu districts, will invest around Rs 520 crore over the next five years. This capital is earmarked for technology upgrades, modernisation, and new business development initiatives.

Industries, Investment Promotion and Commerce Additional Chief Secretary S Vijayakumar, Special Secretary K Vivekanandan, and Guidance Managing Director and CEO Deepak Jacob, along with other senior government officials, were present on the occasion.