Tata Motors Inks Pact For Potential Acquisition Of Ford India’s Plant In Gujarat– Tata Passenger Electric Mobility Limited (TPEML) and Ford India Private Limited (FIPL) have signed a Memorandum of Understanding (MOU) with the Government of Gujarat (GoG) for the potential acquisition of FIPL’s Sanand vehicle manufacturing facility.
- Tata Motors will have an acquisition of the facility’s land & buildings, vehicle manufacturing plant, machinery and equipment and transfer
- all eligible employees of FIPL Sanand’s vehicle manufacturing operations.
FIPL’s Sanand vehicle manufacturing facility
- Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd is going to invest in new machinery and equipment which is necessary to commission and make the unit ready to produce its vehicles.
- 300,000 units per annum will be established and later will be scaled to more than 400,000 units.
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