Gandhinagar: Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Limited, completed the acquisition of Ford India's manufacturing plant in Sanand on Tuesday. In August last year, the company announced that it would acquire Ford India Pvt. Ltd.'s Sanand plant in Gujarat for Rs 725.7 crore. Tata Motors, in a regulatory filing, said that with the fulfilment of all the necessary conditions, the parties have completed the transaction, and TPEML has acquired the Sanand ...Read More

Mumbai: Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL), have today signed a Unit Transfer Agreement (UTA) for the acquisition of FIPL’s manufacturing plant situated at Sanand, Gujarat, which inter-alia includes: (i) entire land & buildings; (ii) Vehicle Manufacturing Plant along with machinery and equipment situated therein; and (iii) transfer of all eligible employees of FIPL’s vehicle manufacturing operations at Sana...Read More

Gandhinagar: A tripartite Memorandum of Understanding (MoU) was signed today here in the presence of Chief Minister Bhupendra Patel between the State government, Tata Motors' subsidiary Tata Passenger Electric Mobility Limited and Ford India Private Limited. As per the MoU, Tata Motors Ltd will acquire all land, buildings, plant machineries and the vehicle assembly unit of Ford India Pvt Ltd at Sanand. Tata Motors will also accommodate all staffers of vehicle assembly plant of Ford Indi...Read More

Gandhinagar: U.S. headquartered car manufacturer Ford India today made announcement to wind up its vehicle manufacturing operations at Sanand plant in Gujarat and Chennai plant in Tamil Nadu. Ford India said, the company will progressively wind-down manufacturing for export at Sanand plant by quarter four of year 2021 and Chennai engine/vehicle assembly plants by quarter 2 of year 2022. The company said it will continue engine manufacturing for export. 'The sale of our current produc...Read More

Automakers Ford Motor Company and Mahindra & Mahindra have signed a new agreement to create a joint venture that will develop, market and distribute Ford vehicles in India. The announcement confirms that the joint venture will see Ford transfer ownership of its Sanand and Chennai facilities to Mahindra under the new JV. Mahindra owns a 51 per cent controlling stake in the new joint venture and the remaining 49 per cent owned by Ford. While the companies will co-develop products going for...Read More

Ahmedabad Car manufacturing plant of Ford India was inaugurated at North Kotpura in Sanand near Ahmedabad today by state Chief Minister. Speaking at the inauguration function, Global CEO of Ford Motors Mr. Mark Fields said, "With More than 1 billion USD of investment Sanand will double our annual capacity in India to 610,000 engines and 440,000 vehicles." He added that the Operation in Sanand will be able to produce 240,000 vehicles and 270,000 engines. He said the plant will c...Read More