November 22, 2024 20:49 (IST)
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Tata Motors signs Definitive Agreement for the acquisition of Ford India’s Sanand plant

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.