Tata Motors, Ford India ink pact with Gujarat govt for Sanand manufacturing plant acquisition

Tata Motors on Monday said its subsidiary and Ford India have inked a pact with the Gujarat government to acquire FIPL’s Sanand vehicle manufacturing plant.

Tata Passenger Electric Mobility Ltd (TPEML) — a subsidiary of Tata Motors — and Ford India Pvt Ltd (FIPL) have today signed a memorandum of understanding (MOU) with the Gujarat government for the potential acquisition of FIPL’s Sanand vehicle manufacturing facility, including land, buildings, vehicle manufacturing plant, machinery and equipment, Tata Motors said in a regulatory filing.