Auto Express

Tata Motors will soon acquire Ford India’s Sanand plant

Tata Passenger Electric Mobility Limited, a subsidiary of Tata Motors Limited, has commenced the process of acquiring Ford India’s Sanand manufacturing plant. Tata Motors will take control of all the land and buildings, the vehicle factory and the machinery and equipment contained therein and all employees for a total amount of $725.7 cores. Both parties have decided to move forward to finalizing the transaction on January 10, 2023. As part of the transaction, all qualified employees of Ford India Private Limited’s vehicle manufacturing plant have been offered employment. with TPEML under the same terms, conditions and service benefits as those currently used by them

Image files are used for representation purposes only.
Image files are used for representation purposes only.

Tata Motors will be able to increase production capacity to 420,000 units per year. Currently, the manufacturer has a production capacity of 3,00,000 units per year.

Also read: Tata Motors reached a new milestone, shipped 50,000 electric vehicles

Tata engine is currently the leading manufacturer when it comes to electric vehicles. Moreover, the company is doing quite well with its products. Currently, Tata Motors has Tiago, Tigor, Altroz, Punch, Nexon, Harrier and Safari in its lineup. They also have the largest line of electric vehicles with the recently launched Nexon EV, Tigor EV and Tiago EV. Tata Motors will expand its electric vehicle lineup with the Altroz ​​EV and Punch EV. The manufacturer is also working on an upgrade of Safari and Harrier.

First published date: December 30, 2022, 5:31pm IST


News 7D: Update the world's latest breaking news online of the day, breaking news, politics, society today, international mainstream news .Updated news 24/7: Entertainment, the World everyday world. Hot news, images, video clips that are updated quickly and reliably

Related Articles

Back to top button