American auto maker Chrysler has made up its mind to enter into the Indian car market with its new car plant in Chennai. Chrysler is in talk with the Tamil Nadu Government to set up a green field facility in the state.
Chrysler being one of the global car companies still does not have its presence in the Indian car market so this can be a good start. Chennai will beat the Mumbai port in getting one more foreign investor. Both the ports are country’s upcoming business destination.
The state government has thought of signing a MOU (Memorandum of Understanding) for this project valued Rs 30,000 crore in this financial year. Hope the project gets the green signal, which will surely boosts the Indian car Industry.
Labels: Car-Industry, New-Car-Plant
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