Tata Motors signs MoU to acquire Ford’s Gujarat facility. Will add significant capacity.
Memorandum of Understanding (MoU) is signed by Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors Ltd (TML). Key points to note – Subject facility is located in Sanand, Gujarat. This unit is adjacent to the already existing plant of TML at Sanand, which should help in a smooth transition. Potential acquisition would … Read more