Sundaram-Clayton (SCL) has entered into a Memorandum of Understanding (MoU) with Guidance, the Nodal Agency of Government of Tamil Nadu (GoTN) on January 8, 2024 as part of the Tamil Nadu Global Investors Meet 2024, Chennai. The company proposes to invest Rs 500 crore in 5 years. GoTN will provide facilitation and support to SCL in the form of necessary infrastructural support and regulatory facilitation subject to applicable laws.
Sundaram-Clayton (SCL) is one of the largest auto components manufacturing and distribution group in India. SCL is a leading supplier of aluminium die castings to automotive and non-automotive sector.
