Published 2 years ago

Tata Motors’ buys Ford India’s manufacturing plant for Rs 725 crore

Summary by Ground News

The agreement covers land, assets and all eligible employees. Ford had less than 2 per cent of the Indian passenger-vehicle market when it stopped production in the country last year. The acquisition of the Sanand plant will unlock a manufacturing capacity of 300,000 units a year that could increase to 420,000.

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Times of India

Tata Motors to buy Ford India's manufacturing plant for $91 million

Ford had less than 2% of the Indian passenger vehicle market when it stopped production in the country last year, having struggled for more than two decades to generate profits.

2 years ago·India

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BBC News

Jaguar Land Rover owner Tata Motors to buy Ford car plant in India

The American motor industry giant announced last year that it would close its Indian car factories.

2 years ago·United Kingdom

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The Hindu

Tata Motors to acquire Ford India's Sanand plant to expand production capacity

Tata Motors said with its manufacturing capacity nearing saturation, the acquisition is timely and a win-win for all stakeholders

2 years ago·India

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Hindustan Times

Tata Motors seals acquisition deal for Ford's Sanand plant, will make EVs there

Tata Motors aims to make 300,000 EVs every year at Ford's Sanand plant, which can be scaled to 425,000 units per annum.

2 years ago·New Delhi, India

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Indian Express

Tata Motors acquires Ford’s Sanand plant for Rs 725 crore

The government of Gujarat, Tata Passenger Electric Mobility Limited and Ford India Private Limited had already executed a tripartite MoU on May 30 to support all relevant approvals for the transaction.

2 years ago·India

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Live Mint

Tata Motors EV subsidiary acquires Ford's Sanand plant for INR726 crore

Aug. 8—Tata Motors Sunday said its subsidiary Tata Passenger Electric Mobility Ltd (TPEML) has signed a Unit Transfer Agreement (UTA) for the acquisition of Ford India's manufacturing plant at Sanand

2 years ago·New Delhi, India

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