Tata Motors Passenger Vehicles Ltd.

Tata Motors’ subsidiary -- Tata Passenger Electric Mobility (TPEML) and Ford India (FIPL), have signed Memorandum of Understanding (MoU) with the Government of Gujarat (GoG) for the potential acquisition of FIPL’s Sanand vehicle manufacturing facility including Land & Buildings, Vehicle Manufacturing Plant, Machinery and Equipment and transfer of all eligible employees of FIPL Sanand’s vehicle manufacturing operations, subject to the signing of definitive agreements and receipt of relevant approvals. FIPL will operate its Powertrain manufacturing facilities by leasing back the land and buildings of the Powertrain unit from TPEML.

Tata Motor’s Passenger and Electric Vehicles have delivered market beating growth with its ‘New Forever’ range of products over the last two years. This growth momentum is expected to continue with the strong pipeline of future ready products and proactive investments in Electric Vehicles. With increasing capacity utilisations, sustaining this growth will require augmenting company’s PV/EV manufacturing capacity in the coming years.
 
Tata Motors is India’s largest automobile company. Through subsidiaries and associate companies, Tata Motors has operations in the UK, South Korea, Thailand, South Africa and Indonesia. Among them is Jaguar Land Rover, the business comprising the two iconic British brands.