Tata Motors completes acquisition of Ford India's Sanand plant

Updated: Jan 10 2023 7:40PM

Tata Motors completes acquisition of Ford India's Sanand plant

New Delhi, Jan 10 (PTI) Tata Motors on Tuesday said the acquisition of Ford India's manufacturing plant at Sanand through its subsidiary has been completed.

In August last year, the company had announced that its arm Tata Passenger Electric Mobility Ltd (TPEML) would acquire Ford India Pvt Ltd's (FIPL) Sanand plant, Gujarat for Rs 725.7 crore.

With the fulfilment of the necessary conditions, including receipt of relevant regulatory approvals, the parties have completed the transaction and TPEML has acquired the Sanand property and the vehicle manufacturing plant and machinery, Tata Motors said in a regulatory filing.

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