29.1 C
Delhi
Thursday, September 18, 2025

US-based Allison Transmission inks MoU with Guidance TN, to reinvest USD 92 mn

Date:

Share post:

Donate-GC-Razorpay

Chennai: Tamil Nadu Industries Minister TRB Raaja announced that the US-based Allison Transmission has inked a MoU with Guidance TN and would reinvest USD 92 million (Rs 763 crore) in its Chennai plant as part of its expansion plans.

This represents a significant reinvestment of USD 92 million, that’s Rs. 763 crores,
coming in from 2025.

The facility will also create 167 direct and indirect jobs, doubling its current size.

In a social media post, he said “Thrilled to announce that today #AllisonTransmission
signed an MoU with the @Guidance_TN to expand its state-of-the-art #manufacturing
facility in Chennai. ”

“This expansion represents a significant reinvestment of $92 million, that’s Rs. 763 crores,
coming in from 2025. The facility will also create 167 direct and indirect #JobsForTN, doubling its current size!”, he said.

Mr Raaja said “What makes this reinvestment even more special is hearing directly from
#Allison’s senior leadership that in their 15 years in #TamilNadu, they’ve achieved zero
warranty claims, zero discharge, zero safety incidents and zero defects.”

“That’s Tamil Nadu’s manufacturing prowess at its best driven by the immensely talented #TNWorkforce !”, he added.

When global leaders like Allison choose to expand here, it’s a strong endorsement of our
investment climate, especially that of the #AutoIndustry, under the leadership of Honourable @CMO TamilNadu Thiru. @MKStalin avargal, and the incredible talent we have…#InvestInTN #DravidianModel #JobsForTN”, he posted.

Related articles

The American Military in Bangladesh: Quiet Landings, Loud Questions

The quiet arrival of American boots on Bangladeshi soil has raised eyebrows not just in Dhaka but in...

Qatar’s Blood Money: How Doha Bankrolled Hamas and Fueled the October 7 Massacre

 Since 2012, Qatar has positioned itself as Gaza’s saviour while quietly acting as its executioner. The numbers are...

Goa Is Not Falling, Goa Is Rising Differently – Go Goa 365 Days

Don’t fall for the negative stories about falling numbers of Goan tourists even though my good friend Tehseen...

TDB backs India’s first 240V electric motorcycle platform

New Delhi: Aligning with the government’s Aatmanirbhar Bharat mission, the Technology Development Board (TDB) under the Department of...