UK-based Hinduja Group has signed an MoU with the Tamil Nadu government to invest Rs 7,500 crore in electric mobility-related businesses, including cell and battery manufacturing for EVs, battery energy storage systems (BESS), and EV charging stations.

The investment, through flagship Ashok Leyland and other group companies, is expected to generate employemnt for over 1,000 individuals, while boosting the state’s EV ecosystem. The agreement marks the largest commitment during the UK leg of Chief Minister M K Stalin’s TN Rising Europe investment drive. The announcement follows Ashok Leyland’s recent Rs 5,000 crore pact with China’s CALB Group to develop next-generation batteries.

Alongside this, AstraZeneca unveiled a Rs 716 crore expansion of its Global Innovation and Technology Centre in Chennai, strengthening its AI-driven healthcare research and innovation hub. With these deals, Tamil Nadu has secured about Rs 15,516 crore in commitments in just a week, generating nearly 17,613 employment opportunities. Earlier European MoUs added Rs 7,020 crore, expanding the state’s footprint in EV, aerospace, deep tech, and healthcare innovation.