Schedule a Call Back
Tata Motors to acquire Ford India's Sanand plant
2022-08-29
Tata Motors has reportedly announced that its subsidiary Tata Passenger Electric Mobility (TPEML) has inked a pact to acquire Ford India's Sanand-based manufacturing plant for Rs 7.26 billion. TPEML and Ford India have signed a Unit Transfer Agreement (UTA) for the acquisition of the Gujarat-based plant. As part of the deal Tata Motors will acquire the entire land and the buildings and the vehicle manufacturing plant along with machinery and equipment situated therein. The deal also includes a transfer of all eligible employees.
Subscribe Now
Subscribe to our Newsletter & Stay updated
RECENT POSTS
Popular Tags
Folliow us
Related Stories
BKT Partners All Teams in India’s Women’s T20 League
Balkrishna Industries (BKT), a global leader in the off-highway tyre market, announced its association as the Official Tyre Partner for all five ...
Perkins Names Richard Hemmings as VP & GM for Global Sales
Perkins has recently welcomed Richard Hemmings as Vice President and General Manager for Global Sales, Marketing, Service and Parts (SMSP), effec...
Gainwell Commosales Elevates Akanksha Chaturvedi to Board
Gainwell Commosales Private Limited has recently announced the elevation of Ms Akanksha Chaturvedi to its Board of Directors. She has also taken ...
