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CHENNAI IS EMERGING AS DETROIT OF SOUTH ASIA
Chennai formerly known as Madras is Detroit of India. Chennai is now growing to be ‘Detroit of South Asia. Chennai is attracting billions of dollars in foreign investment and hundreds of car. Worlds’ Automobile Majors changing their perceptions towards this city, which is even now considered culturally best among cities worldwide. The former President, Mr R. Venkataraman, who, in his capacity as Minister for Industries in K. Kamaraj`s Cabinet, was primarily responsible for placing Tamil Nadu on the country`s industrial map during the Second Plan period R V, was the person who dreamt of making Tamil Nadu the Detroit of only South India. The State has come a long way far beyond the dream of RV and now very much looking to be world beaters.
The city is now contributing to more than 40% of the country`s auto parts and vehicles. World’s major automotive giants that operate out of Chennai are TVS, Ashok Leyland, Royal Enfield, TI Cycle, TAFE, Hyundai, Mitsubishi etc.,. Volkswagen, Nissan have recently entered Chennai. Chennai earlier was a major manufacturing hub for automobile components. The automobile industry around Chennai caters to the automobile market throughout India. TVS group and Rane group, Asokh Leyland , are significant local players who should be credited to be path finder’s in Automobile Industry;their world class Auto ancillaries have really shown the way for International players.
