Tata acquires Indian Ford plant for EV production

Tata acquires Indian Ford plant for EV production

Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of India's largest carmaker Tata Motors, has signed a deal with Ford India to acquire a Ford plant in Sanand in the Indian state of Gujarat, where Tata plans to build e-cars in the future.

"The agreement signed today with FIPL is mutually beneficial and reflects Tata Motors' strong commitment to strengthen its market position in the passenger vehicle segment and further strengthen its leadership position in the electric vehicle segment," said Shailesh Chandra, Managing Director, Tata Motors Passenger Vehicles Limited and Tata Passenger Electric Mobility Limited.