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Ford's Sanand plant buy to help Tata Motors consolidate EV position

The Tata Group flagship corners 80 per cent share in the e-passenger vehicle market and it's looking at a 5x jump in sales by end of next financial year

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As against acquiring the plant, if Tata Motors were to set up a greenfield plant for making the EVs, the investment would have been at least 12x more.

Shally Seth Mohile Mumbai

2 min read Last Updated : Aug 08 2022 | 10:41 PM IST

Tata Motors’ buyout of Ford India’s Sanand plant will strengthen the company’s 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’s looking at a 5x jump in sales by end of next financial year.

Tata Passenger Electric Mobility Ltd (TPEML), the company’s subsidiary, has signed a unit transfer agreement (UTA) for the acquisition of Ford India’s manufacturing plant at Sanand in Gujarat for ₹725.7 crore,

Topics : Automobile Tata Motors Ford India

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