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Tata Motors signs agreement to acquire Ford India's Sanand plant · Endata

◂ Announcements

Aug 7, 2022ACQUISITIONSanand, Gujarat, India

Tata Motors signs agreement to acquire Ford India's Sanand plant

Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors, signed a Unit Transfer Agreement with Ford India Private Limited to acquire Ford's manufacturing plant in Sanand, Gujarat, for Rs 725.7 crore. The plant has a capacity of 300,000 units per annum, scalable to 420,000 units.

Value

$91.0M (7.26B INR)

Status

Announced

Capacity

300,000 units per annum, scalable to 420,000 units per annum

Productsvehicleselectric vehicles

CompaniesTata Motors Limited acquirer Ford India target

Sectors#Automotive Components

“The agreement with FIPL signed today is beneficial to all stakeholders.”tatamotors.com

1 source
tatamotors.comTata Motors signs Definitive Agreement for the acquisition of Ford India’s Sanand plant – Tata MotorsAug 7, 2022

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

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