Official: Tata Motors Acquires Ford India’s Advanced Manufacturing Plant In Sanand-
Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd, and Ford India Private Limited (FIPL), ne officially sign kardia hain Memorandum of Understanding (MOU) with the Government of Gujarat (GoG) for the potential acquisition of FIPL’s Sanand vehicle manufacturing facility including (i) Land & Buildings (ii) Vehicle Manufacturing Plant, Machinery and Equipment and (iii) transfer of all eligible employees of FIPL Sanand’s vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals.
Ford India passenger limited operate karega powertrain manufacturing facilities by leasing back the land and buildings of the powertrain unit from TPEML.
Tata Motors Officially Acquires Ford India’s Sanand Plant: All Details-
TPEML have delivered market beating growth with its “New Forever” range of products over the last two years. Yahi growth momentum Tata Motors expect kar raha hain and issi ke saath Tata Motors ki taraf se Indian market ke liye kaafi saare product launches are in pipeline as well. With increasing capacity utilisation, sustaining this growth require augmenting Tata Motor’s manufacturing capacity in the coming years.
Ford India ka Sanand plant hain ek state of the art manufacturing plant, and jiske saath Tata Motors iss plant ko acquire karne ke baad invest karegi in new machinery and equipment jo necessary hoga to commission and make the unit ready to produce its vehicles. Planned investments ke according Tata Motors manufacture kar sakti hain 3 lakh cars per annum jo expandable hain upto 4 lakh cars per annum as well. Currently Tata ne Memorandum of understanding sign karlia hain with Gujarat govt. and in few month’s time officially yeh plant Tata Motors ko handover kardia jayega.
According to Tata Motors, This MOU for a potential acquisition of this unit, is a win-win for all stakeholders and helps Tata
Motors accelerate the enhancement of its PV/EV manufacturing capacity. This unit is adjacent to the existing manufacturing facility of Tata Motors Passenger Vehicles Ltd at Sanand, which should help in a smooth transition.
Iss MoU ke sign hone ke occasion par brand ke Managing Director, Mr.Shailesh Chandra ka kehna kuch iss prakar tha:
“Tata Motors has a strong presence in Gujarat for more than a decade with its own manufacturing facility at Sanand. This MoU further reinforces our commitment to the state by creating more employment and business opportunities. Rising customer preference for passenger and electric vehicles made by Tata Motors has led to a multi-fold growth for the company over the past few years. This potential transaction will support expansion of capacity, thus securing future growth and opportunity to further strengthen our position in the passenger and electric vehicles space.”
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