TimesEV
TimesEV
TimesEV
TimesEV
TimesEV
TimesEV
More
    HomeEV NewsIndia EV NewsTata Motors to Take Over Ford's Sanand Plant

    Tata Motors to Take Over Ford’s Sanand Plant

    The decks are clear for automaker Tata Motors to take over Ford India’s passenger car manufacturing plant in Sanand, near Ahmedabad. Earlier this week, the Gujarat cabinet cleared a proposal submitted by the two companies to take the deal forward, top government officials confirmed.

    With the state’s green signal, Tata Motors will also be able to reap the benefits and incentives extended to Ford at the time the plant was launched. The cabinet has issued a no-objection certificate to the companies’ proposal, sources added.

    Officials privy to the development confirmed Tata Motors and Ford Motor Company would sign an MoU in the presence of CM Bhupendra Patel.

    Ford Motor Company announced its exit from its India operations late last year and its passenger vehicle manufacturing plant in Sanand stopped manufacturing operations by April this year.

    In 2018, the state had formed a high-powered committee (HPC) chaired by the chief minister to address and resolve issues pertaining to the execution of large projects. The two automobile giants, therefore, had submitted before the HPC a proposal for Tata Motors’ takeover of Ford’s plant.

    “The Gujarat cabinet’s approval is only a green signal… The companies are still in talks to work out the nitty-gritties with regard to the deal size, labour issues, financials, and duties and benefits involved in the takeover. Once the two firms agree, a definitive agreement may be inked between the two automakers,” an official said.

    “A formal ceremony for the MoU signing is being planned for May 30, wherein representatives of both companies will be present. The state government has agreed to pass on all benefits offered to Ford to Tata Motors for the remaining period of the concession agreement,”. Sources confirmed Tata Motors’ plans to manufacture electric vehicles at the new plant after making fresh investments to recalibrate Ford’s existing infrastructure.

    Related Post

    Most Popular

    Best Picks

    Aimil Ltd.: Setting the Benchmark for Instrumentation Solutions at Auto EV India 2023

    Aimil Ltd., an ISO 9001:2015 certified company with a heritage tracing back to 1932, holds a prominent position as a leading provider of cutting-edge...

    Electrify Your Future: A Thriving Career in the E-Mobility...

    In an era where sustainability and innovation reign supreme, the E-Mobility sector has emerged as the driving force behind a transformative shift in the...

    X0115ML, the smallest SCR now supports a surge peak...

    Author: STMicroelectronics The X0115ML is our first compact silicon control rectifier (SCR) for ground fault circuit interrupters (GFCIs) and arc-fault circuit interrupters (AFCIs) that can withstand a...

    Exploring the Future of Electronics: Unveiling the Power of...

    In a recent interview conducted by technology journalist Himanshu Vaibhav of eletimes.com and timesev.com, Dr. John W. Mitchell, President & CEO of IPC, discussed...

    Navigating Defense Challenges: Insights from Chris Peters, USPAE Founding...

    In a recent interview conducted by technology journalist Himanshu Vaibhav from eletimes.com and timesev.com, Mr. Chris Peters, the Founding Executive Director of the U.S....

    Driving Innovation: Cientra’s Leadership in Automotive and Telecom Technology...

    Cientra stands as a prominent leader in the realm of technology solutions. Consistently, they innovate and advance their proprietary technologies to cater to the...

    STM32Wx microcontrollers is an ideal fit for RF designers...

    The STM32Wx microcontrollers enable wireless connectivity supporting the sub-GHz band and the 2.4 GHz frequency range. STM32 Wireless MCUs are highly integrated and reliable...

    Veridify, Overcoming the challenges of OT security in building...

    Despite popular belief, it is possible to secure legacy embedded systems properly, even if they lack today’s iron-clad cryptographic capabilities, the latest protections, or...

    Tsuyo’s Vision for Future Manufacturing: Incorporating Emerging Technologies and...

    Tsuyo Manufacturing is deeply committed to offering highly reliable, robust, and durable products designed to withstand a wide range of exposure and service conditions...

    Must Read