Business Standard

Tuesday, December 24, 2024 | 10:28 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Tata Motors to charge up its EV business with Ford Sanand plant buy

TaMo to take over land, plant building, machinery, and vehicle assembly along with all workers employed by the unit

Tata Motors
Premium

Ford India’s vehicle assembly plant is spread across 350 acres while the engine-manufacturing plant has 110 acres.

Vinay UmarjiShally Seth Mohile Ahmedabad/Mumbai
Tata Motors’ subsidiary Tata Passenger Electric Mobility Ltd (TPEML) on Monday signed a tripartite memorandum of understanding (MoU) with Ford India Pvt Ltd (FIPL) and the Government of Gujarat for taking over Ford’s passenger vehicle-manufacturing plant in Sanand.

This will help Tata Motors accelerate the enhancement of its capacity to make personal vehicles (PVs) and electric vehicles (EVs). This unit is adjacent to the existing manufacturing facility of Tata Motors’ PV unit in Sanand, which should help in a smooth transition, said Shailesh Chandra, managing director, TPEML.

With this, Ford India’s Sanand plant paves the way for manufacturing EVs. This

What you get on BS Premium?

  • Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • Pick your 5 favourite companies, get a daily email with all news updates on them.
  • Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • Preferential invites to Business Standard events.
  • Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
VIEW ALL FAQs

Need More Information - write to us at assist@bsmail.in