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The deal, which the Indian carmaker calls a "win-win for all stakeholders", would strengthen Tata's "leadership position in the electric vehicle (EV) segment." And it covers land, assets and all eligible employees.
Tata Motors electric vehicle arm Tata Passenger Electric Mobility has acquired a Ford India manufacturing plant situated at Sanand in Gujarat for a total consi
Tata Motors and Ford India have signed a Unit Transfer Agreement (UTA) for the transfer of the latter’s manufacturing plant situated at Sanand, Gujarat.As part of the agreement, Tata Motors will acquire the entire land, building and vehicle manufacturing plant along with machinery and other equipment at a cost of Rs.