Tamil Nadu auto investment worth Rs 1,370 crore confirmed as Hwashin and Seoyon E-Hwa file LoIs

Two automotive component makers have committed Rs 1,370 crore in new investments in Tamil Nadu. Officials said the plans reinforced investor confidence in the state. Hwashin Automotive India Private Limited and Seoyon E-Hwa Summit Automotive India Private Limited handed over Letters of Intent to Industries Minister S Keerthana at the Secretariat.

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The Tamil Nadu government rejected online claims about projects moving to Andhra Pradesh. An official release called these posts "completely false\". Officials said the fresh investment decisions supported Tamil Nadu’s position as a preferred destination for industry, and showed long-term business interest in the state.

Tamil Nadu investment plans detail Rs 1,370 crore commitment

Hwashin Automotive India, based at the SIPCOT industrial park in Irungattukottai, Kanchipuram district, planned a larger share. The company was set to invest about Rs 850 crore over five years. The release said the money would go into R&D, advanced manufacturing, localisation, skill enhancement, and new project development.

Seoyon E-Hwa Summit, operating in Kanchipuram and Chengalpattu districts, committed the remaining amount. The firm was expected to invest around Rs 520 crore across the next five years. Officials said this spending was meant for technology upgrades, modernisation work, and efforts linked to new business development.

Tamil Nadu government officials attend investment submission

Several senior officials attended the submission of the Letters of Intent. The list included Industries, Investment Promotion and Commerce Additional Chief Secretary S Vijayakumar. Special Secretary K Vivekanandan also took part. Guidance Managing Director and CEO Deepak Jacob was present, along with other government officials.

Officials said the two commitments aligned with Tamil Nadu’s long-term industrial strategy. The government said the decisions by both manufacturers reflected steady interest in expanding operations locally. The release added that the investments were planned over five years, and were tied to specific work areas like upgrades and new projects.

With inputs from PTI