Tata Motors signs Definitive Agreement for the acquisition of Ford India’s Sanand plant
Mumbai: Tata Motors subsidiary Tata Passenger Electric Mobility Ltd (TPEML) and Ford India Pvt Ltd (FIPL) Sunday signed a Unit Transfer Agreement (UTA) for the acquisition of the latter's manufacturing plant situated at Sanand, Gujarat for Rs 725.7 crore, an official release said.
Sanand, Aug 7 (IBNS): To further meet growing demand for its new generation passenger vehicles, automobile giantTata Motors on Tuesday announced its ramp up plans for the Sanand plant.
Tata Motors resolves Long-Term Wage Settlement issue in Sanand
Sanand/Kolkata, June 9, 2017: The long-term wage settlement (LTS) between the Tata Motors Sanand Union and Tata Motors was agreed upon and has been signed on Friday for a period of 5 years- October 2015 to September 2020.