Tata Motors completes acquisition of Ford India’s Sanand plant
Tata Motors completes acquisition of Ford India’s Sanand plant
Tata Motors announces the completion of the acquisition of Ford’s Sanand plant. The acquisition also includes the engine manufacturing unit and complete transmission system at Sanand and the entire Ford dealerships in Gujarat. Ford India has signed a pact with Tata Motors to acquire a manufacturing facility in Sanand. The deal is for room for expansion of the plant that currently employs about 1,500 people. Ford India said it would invest 2 billion rupees (about $30 million) in the factory over the next five years.
It was founded in 1873 by Jamsetji Tata and is considered to be one of the largest private sector corporations in India and ranked 2nd in terms of market capitalization among all public companies in India.
Tata Motors is a $100 billion turnover Indian Automobile and Infrastructure Company based in Mumbai, Maharashtra. It was founded in Jamshedpur, by Jamsetji Tata. It’s part of the Tata Group, an Indian multinational conglomerate headquartered in Mumbai, Maharashtra with its primary business divisions centered on real estate development, engineering, and sustainability.
Tata Motors Limited designs, engineers and manufactures the world’s most advanced technology vehicles under four brands – Tata, Tushar, Jaguar Land Rover, and Premier. These brands provide hundreds of engineering jobs in India and around the world.
It is a multinational automotive company headquartered in Mumbai, India. It sells passenger vehicles, commercial trucks, buses, coaches, and racing cars under its brand[3] as well as luxury brands Jaguar and Land Rover. The group also has manufacturing units located in India and Brazil but these are non-core for the Indian operations.
Tata Motors group announced the acquisition of the Sanand facility
In March 2018, the Tata Motors group announced the acquisition of the Sanand facility located in Gujarat, India. The acquisition was completed on June 12, 2019, with a value of $35 million. This included the cost of land and buildings and equipment including machinery, spares and production records, etc., with conversion work scheduled to commence as part of the acquisition
Tata Motors Pvt. Ltd. (Tata Motors) is an automobile manufacturer based in Mumbai, Maharashtra, India. The company was established in 1935 by Jamsetji Tata and is owned by the Indian billionaire businessman and philanthropist Cyrus Mistry’s chairman emeritus Ratan Tata.
Tata Motors is an Indian multinational company headquartered in Mumbai, Maharashtra. The company produces and sells passenger vehicles, commercial vehicles, and lightweight trucks under the brand’s Tata, Aria, and Croma. With manufacturing units in eight locations (three of them joint ventures), Tata Motors has sales markets across fifteen countries in Asia, Europe, and North America.
It is India’s largest car manufacturer, has completed the acquisition of Ford India’s Sanand plant. And will be known as Tata Motors Limited. The Sanand plant was the first manufacturing facility opened by Ford in 1972. And came to be known as one of its flagship companies in India. Around 600 people will be transferred to different roles at the new organization.
It is one of India’s oldest and most respected automobile company. It has sales of over 2.1 million units in India during the year ended 31 March 2019. The company has a highly successful track record in designing, engineering. And, also manufacturing world-class automobiles that are preferred by customers across the globe.
