Gujarat govt nods Tata Motors to acquire Ford's Sanand plant
ROADS & HIGHWAYS

Gujarat govt nods Tata Motors to acquire Ford's Sanand plant

The government of Gujarat has approved Tata Motors to take over Ford India’s passenger car plant in Sanand.

An official told the media that the state Cabinet had issued a no-objection certificate for the acquisition.

According to the official, Tata Motors would now continue to enjoy the incentives presented to Ford India.

Tata Motors might sign a Memorandum of Understanding (MoU) with Ford Motor Company after clearing the issues of the plant, including labour and financial matters.

Tata Group had been meeting Gujarat and Tamil Nadu state governments for a potential takeover of Ford India’s plants. The approval was after Ford announced its exit from India last year.

The Sanand plant consists of around 2,500 permanent workers, including about 900 union workers.

After passenger cars were discontinued in the plant, workers at the Sanand plant were engaged in manufacturing spare parts for Ford cars, besides engines.

The company has set an internal deadline for the car plant up to March 2022 for the manufacture of spare parts.

In 2021, Ford was in discussion with other companies like Ola and Mahindra for a manufacturing contract or the sale of both factories, but do not work out and resulted in a closure announcement.

Image Source

Also read: Tata Motors to boost EV production as demand increases

The government of Gujarat has approved Tata Motors to take over Ford India’s passenger car plant in Sanand. An official told the media that the state Cabinet had issued a no-objection certificate for the acquisition. According to the official, Tata Motors would now continue to enjoy the incentives presented to Ford India. Tata Motors might sign a Memorandum of Understanding (MoU) with Ford Motor Company after clearing the issues of the plant, including labour and financial matters. Tata Group had been meeting Gujarat and Tamil Nadu state governments for a potential takeover of Ford India’s plants. The approval was after Ford announced its exit from India last year. The Sanand plant consists of around 2,500 permanent workers, including about 900 union workers. After passenger cars were discontinued in the plant, workers at the Sanand plant were engaged in manufacturing spare parts for Ford cars, besides engines. The company has set an internal deadline for the car plant up to March 2022 for the manufacture of spare parts. In 2021, Ford was in discussion with other companies like Ola and Mahindra for a manufacturing contract or the sale of both factories, but do not work out and resulted in a closure announcement. Image Source Also read: Tata Motors to boost EV production as demand increases

Next Story
Real Estate

LML Realty Launches Cinema Campaign on Industrial Vision

LML Realty has launched a cinema advertising campaign in partnership with PVR INOX across 81 screens in Gurugram and Faridabad, showcasing the brand’s transformation from a mobility icon to an industrial infrastructure developer.The campaign features a cinematic brand film tracing LML’s journey since 1972, beginning with its iconic scooters and highlighting its evolution into creating infrastructure solutions that support India’s manufacturing growth.The film focuses on LML Industrial Park at Jhirka Valley, the company’s flagship industrial development approved under the Haryana Govern..

Next Story
Real Estate

IIM Ahmedabad Publishes Case Study on HoABL’s Business Model

The Indian Institute of Management Ahmedabad (IIMA) has published a case study on The House of Abhinandan Lodha (HoABL), examining the company’s digital-first consumer journey and business model that created India’s branded land category.Titled “HoABL: Ready for Scaling Up”, the case study has been published by the IIMA Case Centre and co-authored by Sourav Borah, Associate Professor of Marketing at IIMA, and Dr Aparna Kansal of IMT Ghaziabad. IIMA case studies are used across management and executive education programmes to help students and business leaders analyse strategic decision..

Next Story
Infrastructure Energy

Advait Energy and MEIL Partner for Energy Transition Projects

Advait Energy Transitions Limited (AETL) and Manipal Energy Infratech Limited (MEIL), a company of The Manipal Group, have entered into a strategic Memorandum of Understanding (MoU) to collaborate on power and energy transition opportunities across India and international markets.The partnership aims to combine AETL’s expertise in innovative energy technologies and manufacturing with MEIL’s EPC execution capabilities and project management experience. The collaboration will focus on opportunities across Power Transmission & Distribution, Renewable Energy, Battery Energy Storage Systems..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement