Tata Motors to acquire Ford India's Sanand plant

Tata Motors, through its subsidiary Tata Passenger Electric Mobility Ltd., signed a tripartite agreement with the Gujarat government and Ford India Private Ltd. to acquire Ford's Sanand vehicle manufacturing plant, including land, buildings, machinery, and equipment. The acquisition will increase TPEML's capacity to 300,000 units per year, expandable to over 400,000 units.

“इस समझौते से और रोजगार तथा कारोबारी अवसरों का सृजन होगा जो राज्य के प्रति हमारी प्रतिबद्धता को और मजबूत करेगा।”navbharattimes.indiatimes.com

• 2 sources
• navbharattimes.indiatimes.comTata Motors to acquire Ford India's Sanand plant a tripartite agreement signed: टाटा मोटर्स ने फोर्ड के गुजरात स्थित साणंद प्लांट के अधिग्रहण के लिए गुजरात सरकार और फोर्ड इंडिया प्राइवेट लिमिटेड के साथ किया त्रिपक्षीय समझौतापवन जायसवालMay 30, 2022
• cartoq.comTata Motors signs MoU for a potential takeover of Ford India’s Sanand plantCarToq DeskJun 4, 2022

Summarized from public sources; check the original articles before acting on it.