{"id":512954,"date":"2022-08-10T09:37:24","date_gmt":"2022-08-10T04:07:24","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=512954"},"modified":"2022-08-10T09:53:22","modified_gmt":"2022-08-10T04:23:22","slug":"fords-sanand-plant-buy-to-help-tata-motors-consolidate-ev-position","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/fords-sanand-plant-buy-to-help-tata-motors-consolidate-ev-position\/","title":{"rendered":"Ford&#8217;s Sanand plant buy to help Tata Motors consolidate EV position"},"content":{"rendered":"<p>Tata Motors\u2019 buyout of Ford India\u2019s Sanand plant will strengthen the company\u2019s position as a market leader in the electric vehicle (EV) market and help accelerate volume ramp-up in a cost effective way and bolster its EV ambitions, said analysts.<\/p>\n<p>The Tata Group flagship corners 80 per cent share in the e-passenger vehicle market and it\u2019s looking at a 5x jump in sales by end of next financial year.<\/p>\n<p>Tata Passenger Electric Mobility Ltd (TPEML), the company\u2019s subsidiary, has signed a unit transfer agreement (UTA) for the acquisition of Ford India\u2019s manufacturing plant at Sanand in Gujarat for \u20b9725.7 crore, Tata Motors said in a late night notification to the exchanges.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Tata Motors\u2019 buyout of Ford India\u2019s Sanand plant will strengthen the company\u2019s position as a market leader in the electric vehicle (EV) market and help accelerate volume ramp-up in a cost effective way and bolster its EV ambitions, said analysts. The Tata Group flagship corners 80 per cent share in the e-passenger vehicle market and it\u2019s looking at a 5x jump in sales by end of next financial year. Tata Passenger Electric Mobility Ltd (TPEML), the company\u2019s subsidiary, has signed a unit transfer agreement (UTA) for the acquisition of Ford India\u2019s manufacturing plant at Sanand in Gujarat for \u20b9725.7 crore, [&hellip;]<\/p>\n","protected":false},"author":40,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[135,130,232],"tags":[],"class_list":["post-512954","post","type-post","status-publish","format-standard","hentry","category-business-standard-newspapers","category-newspapers","category-power-business-standard-newspapers"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512954","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/40"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=512954"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/512954\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=512954"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=512954"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=512954"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}