To expand the electric vehicle market in India, Suzuki Motor corp has announced to set up a global research and development company in India, its president said on Sunday
Tata Motors on Monday announced the signing of a tripartite pact with Ford and the Gujarat government to acquire the American auto major s vehicle manufacturing plant at Sanand.
The deal would include the land and buildings, the vehicle manufacturing plant, machinery and equipment, and transfer of all eligible employees of the Sanand plant’s manufacturing operations.
Ford in September last year announced that it would stop vehicle production at its two plants in the country as part of a restructuring exercise, and said it is exploring other alternatives for its manufacturing facilities at Chennai and Sanand in Gujarat.