CHENNAI: Hinduja Group has pledged Rs 2,500 crore ($300mn) of new investment in Tamil Nadu, spanning renewable energy, electric mobility and financial services, as the southern Indian state continues to court large industrial conglomerates for its clean-energy transition.
The commitment, signed on Thursday as a memorandum of understanding between Amit Saharia, group president for strategy at Hinduja Group, and Deepak Jacob, managing director and chief executive of Guidance, Tamil Nadu's investment promotion agency, was announced in the presence of chief minister Joseph Vijay and Ashok Hinduja, chairman of Hinduja Group of Companies (India) at the Vetri Tamil Nadu Investment Conclave 2026. It will generate 500 jobs.
The bulk of the investment will fund more than 200MW of renewable energy capacity across solar, wind and battery storage, developed by Hinduja Renewables Energy. The company is seeking land and grid connectivity in five districts — Tirunelveli, Thoothukudi, Virudhunagar, Madurai and Coimbatore — that form part of Tamil Nadu's wind- and solar-rich southern corridor.
In electric mobility, OHM Global Mobility, the group's e-bus unit, will roll out electric buses for public transport in the state and expand its broader mobility offering. Hinduja said it would also examine opportunities in automotive manufacturing, financial services, battery charging infrastructure and digital mobility services, though it gave no financial breakdown for these strands.
Ashok Hinduja, Chairman, Hinduja Group of Companies (India), said, “Our Rs 2,500 crore commitment is a statement of our confidence in Tamil Nadu and our desire to participate in its next phase of growth. With its strong industrial base, talent and renewable energy potential, Tamil Nadu is well positioned to lead India's energy and mobility transition. We look forward to building on our long-standing association with the state and working with the Government of Tamil Nadu to create lasting value through investments in clean energy, electric mobility and other emerging opportunities.”
It also builds on a larger Rs 7,500 crore commitment made by Hinduja Group UK in September 2025 covering battery manufacturing, battery energy storage systems and charging infrastructure in the state. That followed the March 2026 groundbreaking of a Rs 500 crore battery pack plant by Ashok Leyland at Pillaipakkam, near Chennai, part of a broader build-out of the state's electric vehicle supply chain.
The announcement extends a long-standing relationship between the conglomerate and Tamil Nadu, where its portfolio already includes Ashok Leyland, Gulf Oil India, Hinduja Leyland Finance, Hinduja Housing Finance, Switch Mobility, Ohm Mobility, Gro Digital and Hinduja Tech.