News > Ford India's Make in India story officially ends as Tata Motors' subsidiary acquires Gujarat plant

Ford India's Make in India story officially ends as Tata Motors' subsidiary acquires Gujarat plant

31/12/2022 11:38 AM | Click to read full article

In a regulatory filing, Tata Passenger Electric Mobility Limited, a subsidiary of Tata Motors Limited had executed a Unit Transfer Agreement on August 7, 2022 for acquisition of FIPL’s manufacturing plant situated at Sanand, Gujarat. The agreement includes the entire land and buildings, manufacturing plant, machinery and equipment and all eligible employees of FIPL’s vehicle manufacturing operations at Sanand for Rs 725.7 crore.

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