Tata Motors is acquiring Ford India’s Sanand plant in Gujarat as part of its expansion plan in electric vehicles (EV).
Tata Passenger Electric Mobility Ltd (TPEML), a Tata Motors subsidiary, and Ford India Pvt Ltd (FIPL) on Monday signed an MoU with the Gujarat government for the “potential acquisition’’ of Ford’s Sanand vehicle manufacturing facility.
Tata Motors said the transaction includes land and buildings, vehicle manufacturing plant, machinery and equipment and transfer of all eligible employees of the unit, subject to the signing of definitive agreements and receipt of relevant approvals.
