Chennai is known as the ‘Detroit of India’ for its booming automobile industry. 30% of India's
automobile industry and 40% of its
auto components industry is based here.
Hyundai, Renault, Robert Bosch, Nissan Motors, Ford,
BMW and Mitsubishi have manufacturing plants here.
Important financial institutions like World Bank, The Royal Bank of Scotland, Abu Dhabi Commercial Bank and Sumitomo Mitsui Banking Corporation have their offices here. Same for Telecom and Electronics manufacturers like Nokia, Dell, Wipro, Zebronics, Foxconn and Siemens.