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Tata Motors signs Definitive Agreement for the acquisition of Ford India’s Sanand plant

Aug 08, 2022, at 06:57 am

Mumbai: Tata Motors subsidiary Tata Passenger Electric Mobility Ltd (TPEML) and Ford India Pvt Ltd (FIPL) Sunday signed a Unit Transfer Agreement (UTA) for the acquisition of the latter's manufacturing plant situated at Sanand, Gujarat for Rs 725.7 crore, an official release said.