Automobiles
Main article: Automobile industry in Chennai See also: Automotive CorridorChennai is known as the Detroit of Asia.The city accounts for 60 per cent of India's automotive exports, which leads it to be called as 'The Detroit of Asia'. Chennai has a market share of around 30% of India's automobile industry and 35% of its auto components industry. A large number of the automotive companies including several global automotive companies such as BMW, Hyundai, Ford, Nissan, Renault, Mitsubishi, TVS Motor Company, Ashok Leyland, Caterpillar, Royal Enfield, TI Cycles, TAFE, Dunlop, MRF have manufacturing plants in and around Chennai. Daimler, Yamaha and Apollo Tyres have plants under construction. Mahindra & Mahindra is planning to set up an automobile manufacturing facility in Cheyyar, which is about 100 km from Chennai. The city is a major centre for the auto ancillary industry. Hyundai is in the process of setting up engine plant in the city. Ford is planning to invest $500 million dollars in Chennai plant. Several Petrochemical companies like Chennai Petro Chemicals Limited (Manali Refinery), Manali Petrochemicals, Petro Araldite and Orchid Pharmaceuticals are situated in the outskirts of Chennai. Chennai will turn out close to 1.5 million vehicles a year, more than any one U.S. state made last year A New Detroit Rises in India's South – WSJ.com.The city is also home to some of the world's largest Automotive R&D facilities in the world, which include Nissan, Hyundai, BMW, Caterpillar and Daimler. It houses the world's second largest Research Valley- The Mahindra Research Valley.
The Heavy Vehicles Factory, Avadi produces military vehicles, including India's main battle tank: Arjun MBT. The Railway Coach building factory of the Indian Railways, the Integral Coach Factory manufactures railway coaches and other rolling stock.
Read more about this topic: Economy Of Chennai
Famous quotes containing the word automobiles:
“Uses are always much broader than functions, and usually far less contentious. The word function carries overtones of purpose and propriety, of concern with why something was developed rather than with how it has actually been found useful. The function of automobiles is to transport people and objects, but they are used for a variety of other purposes—as homes, offices, bedrooms, henhouses, jetties, breakwaters, even offensive weapons.”
—Frank Smith (b. 1928)
“Automobiles are free of egotism, passion, prejudice and stupid ideas about where to have dinner. They are, literally, selfless. A world designed for automobiles instead of people would have wider streets, larger dining rooms, fewer stairs to climb and no smelly, dangerous subway stations.”
—P.J. (Patrick Jake)