Tata Motors has inked a pact to acquire Ford India’s Sanand-based manufacturing plant for Rs 725.7 crore, as it aims to bolster its passenger vehicle production capacity.
Tata Motors has just signed a deal with Ford India to buy the Ford factory at Sanand, Gujarat, for Rs. 725.7 crores. This deal will give Tata Motors' the entire manufacturing facility of Ford, including the land, equipment and labour force.
Ford India Sells Gujarat Plant For Rs 725 7 Crore to Tatas indiawest.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiawest.com Daily Mail and Mail on Sunday newspapers.
As part of the agreement, Tata Motors will get entire land and buildings, vehicle manufacturing plant along with machinery and equipment situated therein, the Mumbai-based auto major said in a late-night notification to the stock exchanges.