Tata Motors Passenger Vehicles Ltd.

Tata Motors is all set to complete acquisition of Ford India's manufacturing plant at Sanand through its subsidiary -- Tata Passenger Electric Mobility (TPEML) on January 10, 2023. The acquisition included the entire land and buildings; vehicle manufacturing plant along with machinery and equipment and transfer of all eligible employees of Ford India’s vehicle manufacturing operations at Sanand.

In August this year, the company had announced that its arm Tata Passenger Electric Mobility would acquire Ford India’s Sanand plant in Gujarat for Rs 725.7 crore. Pursuant to the fulfilment of the necessary condition precedents for the transaction, including receipt of relevant government approvals, the parties have decided to proceed towards completion of the transaction on January 10, 2023.

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.