Tata Motors EV arm acquires Ford Plant in Gujarat for INR 725 crore, Auto News, ET Auto

As per Tata Motors, with its manufacturing capacity nearing saturation, this acquisition is timely and a win-win for all stakeholders. New Delhi: Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL), on Sunday signed a Unit Transfer Agreement (UTA) for the acquisition of FIPL’s manufacturing plant …

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