Tata Motors to complete the acquisition of Ford India’s manufacturing plant at Sanand through its subsidiary on 10th January 2023. The company has announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd (FIPL) Sanand Plant in Gujarat for Rs 725.7 crore.
The acquisition included the entire land and buildings, the vehicle manufacturing plant along with machinery and equipment and the transfer of all eligible employees of FIPL’s vehicle manufacturing operations at Sanand.
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