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Ford India’s Sanand Plant is Acquired by Tata Motors for Rs. 725 Crore

FIPL get Rs 725.7 crore from Tata Motors as payment for the acquisition. Know more about this deal from this article. Keep reading. <br>

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Ford India’s Sanand Plant is Acquired by Tata Motors for Rs. 725 Crore

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  1. Ford India’s Sanand Plant is Acquired by Tata Motors for Rs. 725 Crore The Tata Passenger Electric Mobility Limited subsidiary of Tata Motors Ltd has signed an agreement with Ford India Private Limited acquisition of its Sanand, Gujarat manufacturing plant for Rs 725.7 crore. This Unit Transfer Agreement (UTA) covers the plot of land, all buildings, the vehicle manufacturing plant’s machinery and equipment, and the transfer of all qualified workers of FIPL’s Sanand vehicle manufacturing operations. The Powertrain Manufacturing Plant’s land and structures will be leased back to Ford India by TPEML on mutually agreeable terms, allowing it to continue operating its Powertrain Manufacturing Facility. The announcement also stated that TPEML had pledged to extend job opportunities to the qualified workers of Ford India’s Powertrain Manufacturing Plant if Ford India private limited stopped

  2. conducting such operations. Ford Sanand plant can build 270,000 engines per year and 300,000 passenger cars per year. Permits Need to be Followed between Ford India and Tata Motors to Close the Deal The deal will only be finalised once all necessary approvals from the government agencies have been obtained, together with the fulfilment of typical prior condition precedents. To support the necessary clearances for the transaction, the Gujarati government, TPEML, and FIPL had already signed a tripartite MoU on May 30. You can read the full content: https://www.businessupside.in/ford-indias-sanand-plant-is-acquired-by-tata-motors-for-r s-725-crore/ Business Upside India Email ID: support@businessupside.co m Phone No.: 1800-270-3002 Visit Us: https://www.businessupside.in/ Stay Connected Via: https://www.facebook.com/businessupside https://www.youtube.com/c/BusinessUpside https://twitter.com/BusinessUpside1 https://www.instagram.com/businessupsideusa/

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